| Term: | Initial Value: | Built Value: | Initial Raise: |
|---|---|---|---|
| 36 mths | $7.5 M | $78 M | $3.5 M |
6th & Tenth will bring a stunning, 31 storey point tower to Calgary's Beltline district, just south of the city centre. Offering over 200 units with premium design, Brad J. Lamb and his expert team from Lamb Development Corporation are proud to make this their first project in bustling Alberta.
Terms at a Glance
36 month term (with 12 month option), 8% interest earned annually, interest paid quarterly, 12% potential performance fee upon completion, 75% Loan to Value ratio.
Use of Proceeds
Assisted with land acquisition, acquired equity participation, funded development process including architectural drawings, reports and permit applications.
Available Supporting Documentation
Planning letters, real estate valuation opinion, pro-forma.
Updates
Download RBC Housing Trends and Affordability report. "Calgary Highlights"
Download Calgary Herald - Toronto Developer Eyes Three Calgary Projects.
Download Calgary Sun City Sees Gains Through Q3.
Download Calgary Herald Value of Calgary Building Permits Soars
Download Globe and Mail Move Over Toronto - There's a New Hot Spot in Town
Update November 2011 - Project Launch
Update December 2011 - Gone in for zoning
