Bridge Loans | Owner Occupied | Office Space | Industrial and Retail | Apartments Buildings
RECENTLY FUNDED DEALS
Owner-Occupied Industrial Strata
Axium Capital recently obtained financing, including capital injected, for a business that was drastically impacted due to COVID and the inflationary market to the point of recent loses. We were able to refinance the existing 1st and 2nd mortgages and also draw out equity at a reasonable interest rate to enable the business to keep operating. This was only possible due to our ability to find a lender who took the time to fully understand the business and its ability to return to its previous profitability.
Mixed-Use Project
Our team was able to secure $11MM in term financing over the retail portion of a newly completed mixed use retail/condo project. We were able to lock in the majority of the loan at a very low rate which also allowed the client to strip out a considerable amount of equity, while structuring the availability of two further tranches of funding as further lease up occurs over the next year.
Commercial Property
Our Small Business Team ended the month helping to finance the purchases of multiple commercial real estate properties in the BC Interior. The team was able to obtain higher leverage financing for properties in Kamloops and Oliver, BC: each property was financed at low rates with Big Five Banks.
Retail Financing
We obtained 75% financing on a new retail unit purchase in the midst of the COVID pandemic with retail store cash flow used to debt service the loan when many lenders were not considering retail financing.
Industrial Property
We were able to obtain 77% Loan to Value equity take-out financing which was secured by the cash flows of the existing operating business. Best of all, we were able to secure approval for this client within 15 days!
Industrial Property
We refinanced this property with a Big 5 Bank at 81% Loan to Value at low rate. We were able to negotiate a low rate and obtain approval mid-COVID pandemic.
Industrial Property
70% Loan to Value financing, with an Operating Loan facility, for purchase of an industrial warehouse in Richmond, BC. Approved and funded by a Big 5 bank during the pandemic at low bank rates
Commercial Unit
Commercial strata unit in Surrey financed by local credit union at 83% loan-to-value for business start-up and based on income projections and no historical financial statements. Financing includes a commercial term loan and a six-figure business operating loan.
Shopping Mall
$25MM financing obtained from a Credit Union over an office/retail property in Burnaby, BC. We negotiated a low interest rate beating all the Big 5 banks and Life Co’s.
Distribution Centre
$26.5 Million dollar purchase financing. The facility will be used as a central food distribution/processing facility for stores across Canada. We achieved 70% LTV.