NexusCrowd raises funding for $15.5 mln condo development deal
Canadian online investment platform NexusCrowd has collaborated with Downing Street Financial on a $15.5 million 1st mortgage investment on a property in the Greater Toronto Area. NexusCrowd raised $540,000 in debt capital from investors for the mortgage, the proceeds of which will be used to consolidate existing debt and provide bridge financing for the Phase I development of a multi-phase residential condominium project. Downing Street is Toronto-based real estate investment manager and merchant bank.
7 June 2016•3 mins read
