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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Mining
Coeur Mining, Inc. to acquire 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 entering into a definitive agreement with SilverCrest Metals Inc., whereby pursuant to a plan of arrangement Coeur will… -
Mergers and Acquisitions
Apotex Inc. acquires Searchlight Pharma Inc.
Goodmans LLP advised Apotex Inc. in connection with its acquisition of Searchlight Pharma Inc… -
Mergers and Acquisitions
Group led by Michael Andlauer buys Ottawa Senators
Goodmans LLP acted for an entity controlled by Michael Andlauer in its purchase of the Ottawa Senators Hockey Club from the Melnyk Estate… -
Mergers and Acquisitions
Tricon Residential Inc. acquired by Blackstone Real Estate
Goodmans LLP acted for Tricon Residential Inc. in connection with its arrangement agreement with Blackstone, pursuant to which an affiliate of Blackstone, Inc. acquired all outstanding common shares… -
Mergers and Acquisitions
Yellow Corporation files voluntary Chapter 11 petitions
Goodmans LLP is acting as Canadian counsel for Yellow Corporation and its subsidiaries in connection with their ongoing recognition proceedings under Part IV of the Companies’ Creditors Arrangement… -
Real Estate
Waterfront Toronto partners with Quayside Impact Limited Partnership
Goodmans LLP advised Quayside Impact Limited Partnership (“QILP”), a partnership between Dream Unlimited and Great Gulf, in connection with Waterfront Toronto’s international search for a development…