Otéra Capital provides $116 million mortgage financing for Halifax office and retail portfolio
Client
Otéra Capital
Date
February 1, 2010
On February 1, 2010, Crombie Real Estate Investment Trust closed mortgage financings for a total of $141 million for its office and retail portfolio known as Halifax Developments. Of this amount, $116 million of mortgage financing was provided by Otéra Capital for some of the properties, with a 10-year term and a 25-year amortization and a fixed rate of interest of 6.47 per cent.
Richard Clare and Hsiao-Chen Lin of Fasken Martineau advised Otéra Capital in this transaction.
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