ACOM Capital Provides $4.7 Million Acquisition and Construction Loan in Toronto

Acom Capital, a portfolio lender for real estate investors, has provided a $4.7 million acquisition and construction loan for the ground-up construction of North Toronto Townhomes. The three-story property, developed by Cameo Development, will span nearly 5,000 square feet across two triplex townhomes.

“Toronto is the place experience a the most population increase following the pandemic in Canada, and led that trend with a roughly 30% increase compared to 2019,” said Raja Maan, CEO of ACOM CAPITAL. “With that influx in population comes an increase in demand, and that’s reflected by the area’s appreciating fundamentals. As competition among sellers in the area heightens, there are ample opportunities to bring new inventory to the market and realize investment upside.”

The property follows in the visual footsteps of INOA Architecture’s signature aesthetic, with a unique asymmetrical design, thin frame, and granite-hued façade. This exterior provides for ample space for an outdoor community garden, while the upper levels have access to a full roof deck outlined by glass railings. Construction is expected to conclude in the latter half of 2023.

“The North Toronto is famous for its townhomes and Condos, and with steady demand for high-end properties with space to roam, an elevated asset to a prime investment market,” said [CAMEO DEVELOPMENT REP]. “We needed to proceed quickly on this project to deliver at the right time, and ACOM CAPITAL provided the agile financing to maintain our strict construction deadline.”

Follow us ACOM Capital

Submit the Loan Scenario

Follow us on social media

• Facebook
• Twitter
• Instagram
• LinkedIn