Oakbank arranges a $320M Construction Loan for Almadev

15 Dec
Jonah R. Brown
Managing Partner
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.