Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Timbercreek Mortgage Investment merges with Timbercreek Senior Mortgage Investment Corporation

Fasken
Reading Time 1 minute read Subscribe
Client

TD Securities Inc.

On May 06, 2016 Timbercreek Mortgage Investment Corporation (TMIC) and Timbercreek Senior Mortgage Investment Corporation (TSMIC) combined to create a leading non-bank commercial real estate lender and Canada's largest publicly traded mortgage investment corporation. The merger is valued at $650 million and the entity will now be known as Timbercreek Financial Corp. A syndicate of lenders led by TD Bank provided $350 million revolving credit facility to ensure strong risk-adjusted returns. Fasken Martineau advised TD Bank on the financing, with a team led by Jon Holmstrom and Louise Kennedy.

    Subscribe

    Receive email updates from our team

    Subscribe