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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
12/31/2019
Property Type
Condominium
Property City
Miami
Property State
FL
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Ontario Wealth Management Corporation, a Toronto-based commercial real estate loan origination and servicing company, funded a $1,150,000 1st lien position construction loan for an apartment building in Miami, FL. Owemanco funded the ground-up development of a 3-story apartment building that on completion will feature 12 micro-unit for-rent apartments. The development is situated within the East Little Havana neighborhood of Miami. This construction loan was funded in July 2019.
Funded By
Ontario Wealth Management Corporation
Direct Lender for Commercial Real Estate Bridge Loans