NexusCrowd participates in $15.5 mln commercial mortgage deal
Canadian online investment platform NexusCrowd has agreed to participate in a $15.5 million 1st mortgage investment on a 25-acre property located in Ajax, Ontario. The investment is being provided by Downing Street Realty Partners, a Canadian real estate investment manager and merchant bank. It will be used to consolidate existing debt and to provide bridge financing for the Phase I development of a residential condominium project. NexusCrowd will commit $500,000 with the ability to increase its participation to $1 million.
14 January 2016•4 mins read
