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At Murray & Company Limited, providing optimal financing solutions for our clients is our passion. We offer a full spectrum of capital choices including: conventional long-term mortgages; acquisition bridge loans; interim construction loans; CMHC insured construction and term debt; and mezzanine financing.

Our practiced professionals enjoy helping you find the funds for a $1 million retail plaza or a $100+ million construction project and everything in between. We at M&CO can arrange fixed or floating interest rates, loans that are recourse or non-recourse, and design terms and conditions that are specific to client requirements. With us your best interests are looked after with care and diligence.

The difference with M&CO is in the way we do business. We keep you company throughout the deal process, from finance planning and analysis to after the deal is closed. Below you’ll find a variety of examples of financing assignments we have recently completed on behalf of our clients.

RETAIL

Markham Corners, Scarborough ON

This property is a 90,000 sq. ft. grocery-anchored neighbourhood shopping centre leased to a variety of service and retail tenants. Murray & Company was successful in arranging a $15.75 million fixed-rate, first mortgage loan with a Canadian life insurance company to refinance the property for a term of ten years.

Kingspoint Centre, Waterloo ON

This property is a 79,000 sq. ft. big-box format shopping centre located on King Street North at Northfield Drive East in Waterloo, ON. The property was fully leased to tenants including Future Shop, Bouclair, Petcetera, HomeSense and Kelsey’s. Murray & Company was successful in arranging a $9.5 million fixed-rate, first mortgage loan with a Canadian life insurance company to refinance the property for a term of ten years.

Westwood Square, Mississauga ON

This property is an enclosed community shopping centre located in Mississauga. The 425,000 sq. ft. property is anchored by a Walmart department store and a Fresh Co. grocery store, with tenants including Shoppers Drug Mart, LCBO, the Beer Store, TD Canada Trust, RBC and Scotiabank. Murray & Company was successful in arranging a $75.0 million fixed-rate, first mortgage loan with a Canadian life insurance company to refinance the property for a term of ten years.

Hampshire Gate Shopping Centre, Oakville ON

Hampshire Gate Shopping Centre is a box-format shopping centre comprising approximately 81,000 sq. ft. of rentable area and subject to a long-term ground lease. The shopping centre was originally constructed in 1999 and was fully occupied with tenants including Pier One Imports, Structube, Bouclair and Sleep Country Canada. Murray & Company was successful in arranging a $10.5 million floating-rate, interim loan with a Canadian commercial bank for a term of two years to allow our client to remerchandise and reposition the property.

110 Bloor Street West, Toronto ON

This property is located in the heart of Toronto’s Bloor/Yorkville retail district and comprises approximately 88,000 sq. ft. of retail space on four levels. Our client was successful in arranging new leases with Brooks Brothers and J. Crew that significantly increased the value of the property. Murray & Company was retained to arrange medium-term financing to pay out the existing mortgages and capture some of the created value. The refinancing was structured as a $68.5 million first mortgage funded by a U.S. financial institution and swapped to a fixed rate of interest. An initial advance of funds was used to pay out the existing lender(s). Subsequent advances were paid out for landlord and tenant improvement work, leasing commissions and other transaction costs.

The Boulevard, Calgary AB

This property is an open community shopping centre located on Macleod Trail in SE Calgary comprising approximately 121,000 square feet of retail space. The Property was fully occupied by anchor tenants Empire Theatres and Chapters, and CRU tenants including Sleep Country Canada, Eastside Mario’s and Tony Roma’s. Murray & Company was successful in arranging a $23.0 million fixed-rate, five year term loan with a syndicate of three Alberta-based credit unions.

The Shops at Scrivener Square, Toronto ON

The Shops at Scrivener Square, located just south of the Summerhill subway station at Price Street, comprises approximately 31,000 sq. ft. of rentable area occupied by a number of specialty food shops and upscale restaurants. Affectionately known as the “Five Thieves”, the Property was originally built in the late 1870’s and recently expanded and restored. Murray & Company (“M&C”) was successful in arranging a $15.0 million long-term, fixed-rate first mortgage for the Property with a Schedule B Canadian bank to pay out a maturing mortgage loan.

Stroud Plaza, Innisfil ON

Stroud Plaza is a 32,000 sq. ft. multi-tenant strip retail plaza located on Yonge Street, just south of the City of Barrie. The building was 75 percent leased to a variety of service and retail tenants, including Pharma Plus and TD Canada Trust, which together accounted for over 30 percent of the rentable area. Murray & Company was successful in refinancing the property with a $3.5 million fixed-rate, interest only first mortgage loan. The loan was funded by a mortgage fund and provided flexible prepayment privileges as our client was in the process of selling the asset.

1945 Dundas Street West, Mississauga ON

This property comprises a multi-tenant strip plaza of approximately 59,000 sq. ft. and was 95 percent leased to a variety of commercial and retail tenants, including Skiis & Biikes, an established sporting goods retailer who recently relocated their Toronto West store to the Property. Murray & Company was successful in refinancing the property with a $4.0 million fixed-rate, interest only first mortgage loan. The loan was funded by a mortgage fund and provided flexible prepayment privileges as a sale of the asset was in the works.

OFFICE

Gateway Centre, Markham ON

This property is a two-tower office complex located at the NE corner of Woodbine Avenue and Steeles Avenue East with a GLA of approximately 235,000 sq. ft. The Property was 85% leased with major tenants including Extendicare and TD Waterhouse. Murray & Company was successful in refinancing the property by arranging a $20.5 million fixed-rate, first mortgage loan with a Schedule B Canadian bank and a floating-rate second mortgage loan of $4.9 million with a private mortgage fund.

Wellington Square, Barrie ON

This 84,000 sq. ft. Class A office property is located adjacent to Highway 400 in Barrie, Ontario. Major tenants include CIBC World Markets, London Life Insurance, Investors Group and Royal Bank. Murray & Company was successful in arranging an $11.5 million fixed-rate, first mortgage loan to refinance the property with an Ontario credit union. The non-recourse financing was for a term of five years with a loan to value of approximately 70 percent.

505 & 515 Consumers Road, North York ON

This suburban office complex was originally built in the early 1980s and comprises approximately 240,000 sq. ft. of Class B office space. The buildings are well leased to a variety of commercial tenants. Murray & Company was successful in arranging a $10.0 million fixed-rate, first mortgage loan with a Canadian pension fund to refinance the property.

8 & 10 Price Street, Toronto ON

This midtown Toronto office property, located just south of the Summerhill subway station, comprises approximately 37,000 sq. ft. and was fully leased to a variety of commercial tenants. Murray & Company was successful in arranging a $10.0 million fixed-rate, first mortgage loan with a Schedule B Canadian bank to refinance the property.

185 Spadina Avenue, Toronto ON

This 6-storey building was originally constructed circa 1920 and comprises approximately 57,000 sq. ft. of newly refurbished “brick and beam” office space which was fully leased to a technology company. Despite an early termination provision in the tenant’s lease, Murray & Company was successful in arranging an $11.5 million fixed-rate, first mortgage financing with a Schedule B Canadian bank for a term of ten years.

155 Gordon Baker Road, North York ON

This 253,000 sq. ft. atrium-style office complex is located in Toronto’s Steeles and 404 office market and was originally built in 1981. Murray & Company was successful in arranging interim financing of $20.5 million with a U.S. commercial bank to allow our client to pay off an existing mortgage loan and provide capital for base building and tenant improvement work to reposition the asset.

Ontario Agricentre, Guelph ON

The Ontario AgriCentre is a three-storey office building completed in 2005, comprising approximately 52,000 sq. ft. of rentable area that houses agriculture, processing and agro-industrial organizations and related companies. The property is situated in the University of Guelph’s Research Park South and is subject to a long-term ground lease. Murray & Company was successful in arranging a $6.5 million fixed-rate, first mortgage loan with an Ontario credit union to refinance the property for a term of ten years.

5995 Avery Road, Mississauga ON

This property is located in the Heartland Business Park and comprises approximately 140,000 sq. ft. of Class A office space. The building was originally constructed in 1989 and the major tenant occupied about 70 percent of the space. Murray & Company was successful in arranging a $15.0 million fixed-rate, first mortgage loan with a Canadian life insurance company on a non-recourse basis to refinance the property for a term of five years.

Riverside Professional Centre, Ottawa ON

This property is a 41,000 sq. ft. medical office building built in 1990 and located adjacent to the Ottawa Hospital – Riverside Campus. The building was 100 percent leased to a variety of medical offices, diagnostic labs and related medical service uses. Murray & Company was successful in arranging a $7.5 million fixed-rate, first mortgage loan with a Canadian life insurance company on a non-recourse basis to refinance the property for a term of ten years.

HDL Portfolio, Halifax NS

The Halifax Developments Limited portfolio consists of over 2 million sq. ft. of Halifax’s prime office and retail space including the following landmark buildings: Scotia Square, Duke Tower, Barrington Tower, Cogswell Tower, the Brunswick Place, CIBC Building, Barrington Place and Delta Hotels of Halifax. Murray & Company was successful in arranging a $25.0 million first mortgage loan with a mortgage fund for the Barrington Place and CIBC buildings and $116.0 million in first mortgage financing for the remaining properties with a Canadian pension fund.

Nordelec Building, Montreal QB

The former Northern Electric complex, located on the Lachine Canal in downtown Montreal, was completed in several phases spanning the years 1913 to 1948. This 900,000 sq. ft. former industrial property is undergoing an extensive redevelopment to accommodate retail, industrial, office and residential uses. Murray & Company was successful in arranging a $42.0 million bridge loan facility with a mortgage fund for the redevelopment of the property.

INDUSTRIAL

96 Disco Road, Toronto ON

This property is a single-tenant industrial building originally constructed in 2007, situated in close proximity to Pearson International Airport, and comprises approximately 165,000 sq. ft. of rentable area. The Property includes approximately 33,000 sq. ft. of finished office space on two levels, with the balance of the building being a modern warehouse and distribution facility with a clear height of 28 ft. and with 96 shipping doors. The Property is leased on a long term basis to a transportation and logistics company. Murray & Company was successful in arranging a $17.5 million fixed-rate, first mortgage loan with an Ontario credit union to refinance the property for a term of ten years.

Mayport Distribution Centre, Caledon ON

This 567,000 sq. ft. warehouse and distribution centre is situated on a 32 acre site on Airport Road in Caledon, Ontario. The building has a 30 ft. clear ceiling height and a total of 89 truck docks. Murray & Company was successful in arranging a $38.0 million fixed-rate, first mortgage loan with a Canadian pension fund.

Industrial Portfolio, Vaughan ON

These three industrial buildings are located in the Vaughan West business park in Woodbridge, just north of the Toronto Pearson International Airport in the City of Vaughan. The portfolio has a total rentable area of approximately 334,000 sq. ft. Murray & Company was successful in arranging a fixed-rate cross-collateralized first mortgage loan of $13.5 million with a Schedule B Canadian commercial bank.

SENIORS’ RESIDENCE

La Cité des Tours – St-Jean-sur-Richelieu, QC

This 301-unit seniors’ residential complex is strategically located in the city of Saint-Jean-sur-Richelieu and offers all the commodities and comfort for senior citizens. Murray & Company was successful in arranging a $34.7 million CMHC insured first mortgage loan to finance the property with a Schedule 1 Canadian bank for a term of ten years.

Les Jardins Millen – Borough of Ahuntsic-Cartierville, Montréal, QC

This 336-unit seniors’ residential complex is strategically located in the borough of Ahuntsic-Cartierville in the City of Montréal, Quebec. Integrated in the project is commercial area of approximately 55,000 square feet. Murray & Company was successful in arranging a $45.4 million CMHC insured first mortgage loan to finance the property with a Schedule 1 Canadian bank for a term of ten years.

MULTI FAMILY

Montgomery Apartments, Toronto ON

This property is a 109 unit, well-maintained apartment building located in midtown Toronto that was built in the early 1960s. Murray & Company was successful in arranging a $13.0 million non-recourse conventional first mortgage loan for a term of ten years with a Canadian commercial bank.

CONSTRUCTION

Maple Leaf Square, Toronto ON

Located in the heart of downtown Toronto, Maple Leaf Square is considered the epicenter of the city’s sports entertainment district. Maple Leaf Square is a 1.7 million sq. ft. residential and commercial complex, located adjacent to Air Canada Centre. Two residential condominium towers (40 and 44 stories) rest on a 10-story podium structure that contains a boutique luxury hotel, office space, a premium supermarket, retail, daycare, a dining and sports bar, and a six-level, below-grade parking structure. Murray & Company was successful in arranging a $351 million construction loan facility for the project with a Canadian pension fund.

281 Front Street East, Toronto ON

This property will comprise of a new, purpose-built data centre facility of approximately 220,000 sq. ft. located just to the east of Toronto’s downtown core. This highly specialized building is to be leased to a single tenant, which created a financing challenge that the Canadian financial institutions could not overcome. Murray & Company successfully arranged a $65.0 million three year, floating rate construction loan facility with a mortgage investment fund.

Couture the Condominium, Toronto ON

Couture is a 476-unit high rise residential condominium project located near Bloor Street East and Jarvis Street in midtown Toronto. Murray & Company was successful in arranging an $82.0 million CMHC-insured construction loan for the 42-storey tower with a Canadian commercial bank.

Deerhurst Resort, Huntsville ON

Murray & Company was retained to arrange interim financing for the servicing of 39 single family lots and the construction of 17 single-family golf cottages at Deerhurst Resort in Huntsville. A floating-rate loan facility of $8.25 million was arranged with a Schedule B Canadian commercial bank that was to be drawn down against construction costs.

Pier 27 – Phase II, Toronto ON

Phase II of Pier 27 is a 290-unit residential condominium project located on Toronto’s waterfront, just east of Yonge Street. Murray & Company was successful in arranging a $127.0 million conventional construction loan for the project with a Canadian pension fund.

Market Wharf, Toronto ON

Market Wharf is a residential condominium project located in the St. Lawrence Market district of downtown Toronto. Murray & Company was successful in arranging a $24.2 million CMHC-insured construction loan for the 105-unit project with a Canadian commercial bank.

The Florian, Toronto ON

The Florian is a high-rise luxury condominium project located in Toronto’s fashionable Yorkville district. Murray & Company was successful in arranging an $84.5 million CMHC-insured construction loan for the project.

Boutique Condos, Toronto ON

This 532-unit residential condominium project is located in Toronto’s downtown entertainment and theatre district. Murray & Company was successful in arranging a $90.2 million conventional construction loan for the project with a Canadian pension fund.

Seventy5 Portland Street, Toronto ON

This 215-unit residential condominium project is located in the trendy King West district of downtown Toronto. Murray & Company was successful in arranging a $48.0 million conventional construction loan for the project with a Canadian commercial bank.

Bloor Walk Residences, Toronto ON

Bloor Walk Residences is a 121-unit residential condominium building located just east of Bloor and Yonge Streets in midtown Toronto. Murray & Company was successful in arranging a $31.0 million conventional construction loan for this project with a Canadian commercial bank.

The Residences of College Park, Toronto ON

This residential condominium project includes two high rise towers located at Bay and College Streets in downtown Toronto. Murray & Company was successful in arranging a $92.4 million CMHC-insured construction loan for the 664-unit project with a Canadian commercial bank.

Encore at the Met, Toronto ON

This project, located near Yonge and Carlton Streets in downtown Toronto, comprises 325 residential condominium units and 13 townhomes. Murray & Company was successful in arranging a $102.6 million conventional construction loan for the project with a Canadian pension fund.

Garment Factory Lofts, Toronto ON

This 150-unit residential condominium project is located on Carlaw Avenue in the Riverdale area of Toronto. Murray & Company was successful in arranging a $20.0 million conventional construction loan for the project with a Canadian commercial bank.

North Beach Condominiums, Toronto ON

This 72-unit residential condominium project is located on Kingston Road in the Beach district of Toronto. Murray & Company was successful in arranging an $11.0 million CMHC-insured construction loan for the project with a Canadian commercial bank.

550 Wellington, Toronto ON

Located at Wellington Street West and Bathurst Street in downtown Toronto, this project includes 435 residential units and a 102-room boutique hotel. Murray & Company was successful in arranging a $102.4 million conventional construction loan for the project with a Canadian commercial bank.

DNA Condos, Toronto ON

DNA Condos is located in the vibrant Liberty Village district of downtown Toronto. Murray & Company was successful in arranging a $72.2 million CMHC-insured construction loan for the 546-unit project with a Canadian commercial bank.

Tip Top Lofts, Toronto ON

This iconic residential condominium project is located at Lakeshore Boulevard and Bathurst Street in downtown Toronto. Murray & Company was successful in arranging a $59.0 million CMHC-insured construction loan for the 243-unit project with a Canadian commercial bank.

One City Hall Place, Toronto ON

One City Hall Place is a 526-unit high rise residential condominium project located adjacent to Toronto’s city hall. Murray & Company was successful in arranging a $72.1 million CMHC-insured construction loan for the project with a Canadian commercial bank.

My Electric City, Toronto ON

This project, located at Dupont Street and Lansdowne Avenue in Toronto, is a 297-unit residential condominium project. Murray & Company was successful in arranging a $38.4 million CMHC-insured construction loan for the project with a Canadian commercial bank.

Work Lofts, Toronto ON

This project is a 129-unit residential condominium building at Carlaw Avenue and Dundas Street East in Toronto. Murray & Company was successful in arranging a $36.0 million CMHC-insured construction loan for the project with a Canadian commercial bank.

Emerald City Condos, North York ON

This is a 478-unit high rise residential condominium project located at Don Mills Road and Sheppard Avenue East in North York. Murray & Company was successful in arranging a $78.0 million CMHC-insured construction loan for the project with a Canadian commercial bank.

The King East, Toronto ON

Located at King Street East and Parliament Street in downtown Toronto, this project is a 215-unit residential condominium building. Murray & Company was successful in arranging a $36.0 million CMHC-insured construction loan for the project with a Canadian commercial bank.

The Dunfield Retirement Residence, Toronto ON

This project is a 177-unit retirement home located in the Yonge Street and Eglinton Avenue district of Toronto. Murray & Company was successful in arranging a $43.3 million CMHC-insured construction facility and take-out loan for the project with a Canadian commercial bank.

The Harrison, North York ON

This 330-unit purpose-built rental apartment building is located just north of Highway 401 at Yonge Street in North York. Murray & Company was successful in arranging a $60.9 million CMHC-insured construction loan from a Canadian commercial bank to finance the project.

MIXED-USE

Toronto Carpet Factory

The Toronto Carpet Factory is a landmark development in Toronto’s King West area. The former factory was converted into office and retail space in the 1980’s with beautiful brick and beam space for over one hundred tenants. It was a trailblazing renovation at that time and has proven to be a great success for the developers. Murray & Company assisted to arrange long term mortgage financing on this landmark mixed use office and retail project.

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