Canada Mortgage and Housing Corporation’s $400 Million Financing
Goodmans LLP acted for Canada Mortgage and Housing Corporation (“CMHC”), in connection with CMHC’s Rental Construction Financing Initiative (“RCFi”), providing first mortgage construction financing to subsidiaries of Dream Unlimited Corp., Dream Hard Asset Alternatives Trust, Kilmer and Tricon Capital Group Inc. in the amount of $357 million to facilitate the development and construction of the Borrower’s 761 unit rental housing project located in the West Don Lands area of Toronto.
The RCFi provides low-cost loans encouraging the construction of rental housing across Canada where there is a need for additional rental supply. The RCFi mandate is to provide up to $13.75 billion in loans for the construction of at least 42,500 units and runs until 2027.
Featured Work
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Aging and Health Care
Welltower winds down joint venture with Chartwell
Goodmans LLP acted for Welltower Inc. in connection to the winding down of its 11-year joint venture with Mississauga-based Chartwell Retirement Residences, which has seen them partner on the… -
Aging and Health Care
Welltower to acquire Amica Senior Lifestyles portfolio for $4.6 billion
Goodmans is advising Welltower Inc. in connection with its announced acquisition of a portfolio of senior housing communities from Amica Senior Lifestyles and Ontario Teachers' Pension Plan for… -
Mining
Coeur Mining, Inc. acquires SilverCrest Metals Inc. at an implied equity value of approximately US$1.7 billion
Goodmans LLP acted as Canadian counsel to Coeur Mining, Inc. in connection with its acquisition of SilverCrest Metals Inc., whereby pursuant to a plan of arrangement Coeur acquired all of the issued… -
Mergers and Acquisitions
Apotex acquires CanPrev
Goodmans LLP acted for Apotex Inc. in connection with its acquisition of CanPrev, a leading Canadian provider of vitamins, supplements, and other natural health products… -
Real Estate
Canadian Tire Corporation sells Brampton industrial property to Prologis for C$258 million
Goodmans LLP represented Canadian Tire Corporation, Limited on the sale of its 90-acre industrial property in Brampton to Prologis Inc. for C$258 million… -
Mergers and Acquisitions
NexPoint Hospitality Trust to be acquired by NexPoint Diversified Real Estate Trust
Goodmans LLP is advising NexPoint Hospitality Trust in connection with its announced acquisition by NexPoint Diversified Real Estate Trust…