Oakbank arranges a $320M Construction Loan for Almadev
Jonah R. Brown
On behalf of our client, Almadev, Oakbank Capital Group has successfully secured a $320,200,000 construction loan for their project Galleria III.
Located at 1245 Dupont Ave, Toronto, ON, Galleria III is a 427 unit mixed-use condo development with 53,916 SF of ground and second floor retail. This is the third tower of the larger Galleria on the Park master planned project, a marquee development that will transform the Dupont & Dufferin neighborhood in Toronto.
Oakbank would like to extend a special thank you to Jacob Iftah at Kin Capital Partners Inc., Rafael Lazer CEO and the whole team at Almadev for assisting with this financing.
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).