TempBridge is a private company offering mortgage financing to individuals and businesses that either do not meet the conditions of conventional financial institutions, or who need to have a loan to bridge the gap between project completion and conventional financing finalization.
2. TempBridge is a private
company offering mortgage
financing to individuals and
businesses that either does
not meet the conditions of
conventional financial
institutions or who need to
have a loan to bridge the
gap between project
completion and
conventional financing
finalization.
TEMPBRIDGE.CA
3. TEMPBRIDGE.CA
PRIVATE MORTGAGE
OTTAWA: IS THIS A SIGN THAT
THE OTTAWA MARKET IS
ABOUT TO EXPLODE?
construction is already well under way as Timbercreek
replaces a block of 80 older townhomes – now demolished
– with three, six-storey multi-residential buildings in its
Herongate apartment complex. The site, at the corner of
Heron Road and Sandalwood Drive, will contain 348 units
as well as some ground-floor retail built over a podium
garage.The name for the new complex has yet to be
revealed.
The four acres on which the project sits, acquired by
Timbercreek in 2013, was previously occupied by some of
the oldest townhomes in the neighbourhood.
4. TEMPBRIDGE.CA
MAJOR UPGRADE FOR
NEIGHBOURHOOD
Construction of the three new
buildings is projected to cost $120
million. Timbercreek has also
recently spent $30 million sprucing
up the suites and common areas,
and making repairs and upgrades in
its neighbouring, existing apartment
towers.