MarshallZehr provides $222.5M construction loan to Crown Communities

MarshallZehr was pleased to provide a $222.5M construction loan to Crown Communities for their Narrative Condos development in Toronto, Ontario. The loan will facilitate debt refinancing and construction costs of the project.

Located along Kingston Road, Narrative Condos redefines urban luxury living, featuring two 11-storey residential towers with modern finishes. Underground parking and ample bicycle spaces are available, fostering convenience and accessibility. A generous portion of the property will also be dedicated to a new public park.

Narrative Condos is just a 5-minute walk to the beautiful Rouge National Urban Park, giving residents the unique opportunity to blend nature with urban convenience. The property provides an escape from city life, while ensuring easy access to nearby amenities. Just a two-minute drive to Highway 401 and a five-minute walk to the nearest TTC bus stop, residents will experience seamless and efficient transportation options to downtown Toronto and surrounding areas.

We are proud to be part of a project that is sure to make a positive impact in the community and will bring much needed housing to the growing City of Toronto.

Congratulations to Crown Communities and everyone involved in this exciting project!

About MarshallZehr Group

MarshallZehr Group provides customized construction and development financial solutions for high-performing real estate developers. With more than $3.9B of fundings over 370+ 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 Crown Communities

Their mission is in their name: To design beautiful homes. To forge new paths. To build better communities. With over 1500 units slated for completion between 2022 and 2026, their focus is to build homes that complement and enhance their surrounding areas while also encouraging continued growth. Their projects pay homage to the neighbourhoods in which they’re situated, while also pushing them forward with inspirational and innovative design.