Ballantry Homes receives second mortgage for Hillsburgh development

January 2, 2024

MarshallZehr has successfully arranged a $58M financing program for Ballantry Homes for their Hillsburgh Development in Erin, Ontario – inclusive of a $13M second mortgage. When completed, the 131-acre plot will be transformed to bring to market over 750 dwellings inclusive of detached homes, townhouses, and apartment units.

Erin Ontario is experiencing significant growth due to its beautiful terrain, proximity to the GTA and exceptional quality of life. To meet anticipated population growth, sizable investments have been made by the Township and landowners’ group to establish new and far-reaching infrastructure. This development will play a crucial role in expanding the regional infrastructure and housing supply. Hillsburgh’s strategic location will provide seamless travel with a large network of arterial highways and close proximity to the Town of Orangeville, the City of Guelph, and the City of Brampton.

We are proud to be part of this remarkable project and we extend our congratulations to Ballantry Homes, and everyone involved.

For more information, please reach out to Brenner Smith.

About MarshallZehr Group

MarshallZehr Group provides customized construction and development financial solutions for high-performing real estate developers. With more than $4B of fundings over 380+ projects, MarshallZehr has become one of Canada’s most trusted real estate capital partners. We add value beyond capital – our team’s decades of experience help deliver the strategic insight and vision necessary to craft tailored financial solutions, all backed by our industry recognized mortgage administration services.

About Ballantry Homes

Ballantry Homes has a solid foundation anchored in the excellence of their staff, along with their commitment to consistently delivering award-winning homes and communities. In 1989, two men made the commitment to pursue a dream they both shared — to create and bring to fruition a new home building company. David Hill and Bobby Bhoola were a perfect pairing for this enterprise, with extensive expertise in home building and land and commercial development. Over the past 31 years, Ballantry has constructed more than 10,000 homes in more than 35 communities across the GTA.