MarshallZehr provides a $10.85M land loan for upcoming Scarborough development

July 10, 2023

We are pleased to have provided a $10.85M land loan to our client, LCH Developments, for their Cliffside Condos development in Scarborough, Ontario. The loan refinances debt on the current land assembly and finances the acquisition of the final parcels for the assembly.

Cliffside Condos is currently in pre-construction phases and will feature a 10-storey tower with 194 residential units, seven live/work units, seven rental replacement units and a ground-level retail space. The property will also include two levels of underground parking and a rooftop amenity space featuring breathtaking views of the nearby Lake Ontario.

Conveniently situated on the east side of Kingston Road, commutes to downtown Toronto will be a breeze with the Scarborough GO Station just 5-minutes away. Residents will also enjoy the convenience of everyday nearby amenities including retail, restaurants and grocery stores.

Congratulations to LCH Developments and to everyone involved in bringing this exciting project to life!

About MarshallZehr Group

MarshallZehr Group provides customized construction and development financial solutions for high-performing real estate developers. With more than $3.8B 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 LCH Developments

LCH Developments, established by two driven, first-generation Polish immigrant brothers, Michal and Lukasz Wywrot, is a forward-thinking real estate development company revolutionizing the Greater Toronto Area (GTA).

For each of their select communities, they start by taking a bird’s-eye view of unique neighbourhoods with high growth and untapped potential. This allows them to understand the needs of their buyers and envision what a community can be. They then infuse this overarching vision into all of the moves they make, including the functional layouts and beautiful finishes they select. It’s how they fulfill the promise of an urban opportunity and create innovative spaces that are tailored to the pulse of their communities.