We are proud to highlight some of our most recent successes and celebrate a strong second quarter in 2022, with over $135M in new fundings.
This quarter saw MarshallZehr collaborate with developers to craft capital solutions for land, servicing and construction projects across southern Ontario and British Columbia. Featuring plans for over 3,600 new residential units, we are directly addressing the limited supply in the residential market as demand continues to be strong.
Some of our transactions this quarter also mark the beginning of new capital relationships with regional developers, with whom we look forward to growing and building upon our relationship in the future. Our deep relationships with our developer partners are a crucial component of our business, and enable us to provide the holistic capital solutions that best support our clients.
in new committed capital this quarter
planned new residential units
“MarshallZehr had a solid Q2 expanding to almost $3.5B in financings over our 15-year history. We welcomed several terrific new developer relationships to our platform, and look forward to seeing their exciting projects come to life. Despite short-term market volatility, the underlying fundamentals driving the need for greater housing supply in Ontario and BC are undeniable, and we are already seeing better stability in construction and development costs. We remain very bullish in our outlook toward the Canadian real estate market.”
Chief Executive Officer
MarshallZehr and Monde Development Group have agreed to a tailored construction capital solution for Mondria Condos in Oshawa, Ontario.
Mondria Condos will feature 89-condominium units with shared amenities such as a wellness centre, two guest suites, and a landscaped rooftop patio. As of March 2022, the project is 80% pre-sold.
Yonge and Mapleview Condos
MarshallZehr and Crown Communities have agreed to a land financing solution for Yonge and Mapleview Condos in Barrie, Ontario.
The future development of the 9.79 acre site is planned to include 1,100 residential units across multiple buildings, ranging from 3 to 9 storeys, with over 12,000 square feet of ground floor commercial space.
Big Sky Phase II
MarshallZehr and Calibrex Developments have agreed to a tailored land financing solution for Big Sky Phase 2 in Simcoe, Ontario.
Located in the residential hub of Norfolk County, the second phase of Big Sky is planned to include 217 townhomes and 63 single-detached homes.
MarshallZehr was pleased to announce a land financing solution for Kettlebeck Developments for its future development site in Thorold, Ontario.
This financing solution will provide Kettlebeck with the working capital they need to execute their vision for the property. The 98-acre site has early stage planning to potentially feature as many as 600 low rise residential units in the north and southern ends of the site, protecting a centrally-located environmentally sensitive forested area.
Grand York Estates
MarshallZehr was pleased to provide comprehensive financing to Mariman Homes for servicing and construction for Grand York Estates in Caledonia, Ontario.
Grand York Estates is planned to be a private rural neighbourhood overlooking the Grand River, featuring 66 detached custom homes on 1+ acre plots. As of May 2022, 55 of the 66 estate homes have been pre-sold.
Lawrence Manor Towns
North York, ON
MarshallZehr and Lawrence Manor Towns Inc. have agreed to a land and construction capital solution for their exciting new development in North York, Ontario. Once completed, the project will feature 25 luxury stacked townhomes.
Corporate News Highlights
MarshallZehr is happy to announce the additions of a number of key personnel in Q2:
Vlad Erkic – VP, Business Development
Jessica Postma – Legal Administration Analyst
Silvia Simas – Office Manager
MarshallZehr is also proud to highlight some important moves within the company in Q2:
Rebecca Bachynski – Moves to Funding Analyst
Anthony Carleton – Promoted to Manager, Project Management
MZ Sponsors ULI Toronto Social
We were proud to sponsor and attend the ULI Toronto Spring Social event, help in Lavelle in Toronto, Ontario.
Milestones and Successes
Congratulations to the team at Aiva Properties who recently closed all 23 of Fonthill Yards’ low rise units.
Avalon Urban Towns
Congratulations to Savic Homes for reaching substantial completion for Avalon Urban Towns Phase III Block E.
Lākhouse Lakefront Residences
Congratulations to Aalto Development Inc. for winning the Project of the Year Award for Lākhouse Lakefront Residences at this year’s Awards of Creative Excellence & Presidents Gala.
MarshallZehr Group Inc. is a mortgage brokerage and administrator governed by the Financial Services Regulatory Authority of Ontario (FSRA), and a Mortgage Broker governed by the BC Financial Services Authority (BCFSA) . Our financial records and accounting processes are audited annually by Ernst & Young and we are also subject to oversight by FSRA and BCFSA.
412 Albert Street, Suite 100, Waterloo, ON, N2L 3V3
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