Trez Capital has announced that they have provided financing for a four-story condominium complex in midtown Toronto built by Freed Developments. The CAD$48.4 million construction loan will fund the building of roughly 57,000 square feet of space with 36 units, and it will serve as the foundation for Trez Capital’s strategic approach to growth in Eastern Canada. The project, which will be located at Mount Pleasant and Eglinton, will have 36 modern, high-end units ranging in size from 800 to 2,500 square feet. Each apartment has a large outside space, which might be a private patio, garden, or rooftop.
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“This is an important initiative for us as we continue to grow our presence in the Eastern Canadian market. Because they take a deliberate, planned approach to what they build and where they develop it, Freed is a solid partner for us in the Toronto market. They’ve established their reputation for making sound decisions, so they’re a perfect fit for our firm’s beliefs. This project is a winner because of its fantastic location and design, and we are thrilled to be a part of it “Mike Fortier, Vice President of Origination, Canada, stated.
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“Because Toronto is a competitive market for a condo building, it is critical to present a distinct product to the market. This project will provide people with the opportunity to enjoy their own piece of the outdoors while still living near a crucial crossroads in midtown Toronto. When we chose communities, we look for specific characteristics, and we’re very thrilled about this one. Trez is the ideal collaborator for this project since we have a similar vision for what we want to achieve “Peter Freed, CEO, and Founder of Freed stated Peter Freed created Freed about 25 years ago. It has risen to become one of the major private developers in the City of Toronto since its establishment. Freed has completed over 30 projects and has developed to encompass significant vertical operating divisions in construction management, real estate, and hospitality, as well as a lifestyle hotel, resort, restaurant, and nightlife.
