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Jul 29, 2016
$120 Million Construction and Term Financing
A group of companies with a portfolio of retirement and long-term care facilities acquired a $120 million construction and term financing. Security was taken over both real property and personal property, all located in Ontario. Priority agreements were negotiated with the operating lender, and payout letters negotiated with the former term funders.
Aird & Berlis represented the financial advisor and lead arranger, as well as the syndicate of lenders with a team that included Jill Fraser, Aaron Silver and Anita Purushotham.