MarshallZehr delivers $103.8M construction financing to Savic Homes in Kitchener, Ontario
December 6, 2022
MarshallZehr is pleased to provide $103.8M construction financing to Savic Homes for their Highland Road purpose built rental development in Kitchener, Ontario.
The two towers feature a total of 312 residential units in addition to 5,000 square feet of retail space. We are proud to share that this purpose-built rental will also offer affordable units in the underserved Kitchener-Waterloo market.
MarshallZehr and Savic Homes have been working together on the previous two phases of the Highland Road development, and we look forward to continuing to help bring this exciting – and much needed – project to life.
Thank you to David Hildebrant for your leadership, and congratulations to everyone involved.
About MarshallZehr Group
MarshallZehr Group Inc (“MZ”) provides mortgage lending and customized financial solutions for high-performing real estate developers. With $3.5B of fundings over 350+ projects, MarshallZehr has become one of Canada’s most trusted capital partners for the growing construction and development industry. We add value beyond capital – our team’s decades of experience and deep expertise deliver the strategic insight and vision necessary to craft tailored financial solutions, all backed by our proprietary administration technology platform.
About Savic Homes
Savic Homes is a builder and developer based out of Kitchener, Ontario. Founded in 1988, Savic Homes continuously challenges industry norms and standards, exceeding expectations and raising the bar for industry performance. For more than twenty years, Savic Homes has built prosperous neighbourhoods that define and accentuate what the region has to offer. Through their philosophy of “doing it right, right from the start”, Savic Homes constructs and develops high-quality living spaces in and around the Waterloo region.