Transaction Details

Granite Electric (Industrial): Calgary, AB

14,000 ft2
$1,500,000.00

Comments:

After significant negotiations our primary lender withdrew from the process due to their portfolio constraints. With the funding date fast approaching, Principal Mortgage Group was able to quickly bring in a second lender. This lender had been provided with copies of all due diligence information throughout the process so they would be in a back-up position. The transaction did require a short extension, however it was completed in a timely fashion.