Oakbank arranges a $40M Construction Loan for Blackdoor Developments
17 Oct
2022
Jonah R. Brown
Managing Partner
On behalf of our client, Blackdoor Developments, Oakbank Capital Group has successfully secured a $40,000,000 construction loan for their project The Rhodes. The loan was provided by a Canadian real estate private equity firm.
Located at 2014 Bathurst, The Rhodes is an 8-storey, 25-unit ultra luxury condo development steps from the intersection of Bathurst & Eglinton in the heart of Forest Hill. This is Blackdoor's first project since launching their new development brand.
Oakbank would like to extend a special thank you to Noah Geist and Paul DeHaas of Blackdoor Developments for their assistance in closing this transaction.
Oakbank was engaged and acted as the debt capital advisor on the transaction.
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