Oakbank arranges a $157M Construction Loan for EMBLEM Developments
Jonah R. Brown
On behalf of our client, Emblem Developments, Oakbank Capital Group has successfully secured a $157,900,000 construction loan for their project Arte. The loan was provided by a two party syndicate led by a Schedule I Canadian bank.
Located at 89-95 Dundas St W, Mississauga, ON, Arte is an 18-storey, 427 unit condo development. This is Emblem’s second active construction project in Mississauga. Oakbank would like to extend a special thank you to Shamil Jiwani, and Alan Leela of Emblem Developments for their assistance in closing this transaction.
Oakbank was engaged and acted as the debt capital advisor on the transaction.
Oakbank is a real estate capital advisory firm based in Toronto. We originate and structure financing solutions for developers and real estate investors in the form of construction, bridge, mezzanine, and term loans.
Oakbank Capital Group is licensed and regulated as a Mortgage Broker by the Financial Services Regulator of Ontario (FSRA Broker #13455).