Term:	Initial Value:	Built Value:	Initial Raise:
48 mths	$22 M	$297 M	$7.4 M

Harmony Village will offer a range of beautiful new high rise suites ranging from 588 to 1,800 square feet – including one and two bedroom models, with and without dens. Phase 1: fifty townhouses and two 9 storey manor buildings. Phase 2: two 30 storey condo towers; West tower for independent living, East Tower for seniors residences. The facility includes a 30,000 square foot community space featuring movie theatre, swimming pool and bridge/mah jong tables. The site is adjacent future plans for new TTC subway or LRT lines

Terms at a Glance

48 Month term (with 6 month construction opton), 8% interest earned annually, interest paid quarterly (funded via developer equity and interest reserve), partial principal payback at completion of Phase One, 16% potential performance fee upon completion of Phase Two, 78.6% Loan to Value ratio

Use of Proceeds

Acquisition of equity participation, marketing budget, new engineering plans, updated architectural drawings, initial construction equity

Available Supporting Documentation

Pro-forma, AACI appraisal, planning letter, rental comparables report

Updates