Tallest Canada Condo Tower Secures Mortgage
- Real estate lender to finance C$135 million on first mortgage
- Sam Mizrahi’s The One building downtown planned at 82 stories
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Canadian real estate lender Firm Capital Corp. is helping to finance the country’s tallest condominium building.
Firm Capital is lending C$135 million ($108 million) toward a first mortgage on The One, an 82-story tower under development in downtown Toronto, according to Chief Executive Officer Eli Dadouch. The company is the mortgage banker for the publicly traded Firm Capital Mortgage Investment Corp.