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Trez supports Freed build in Toronto

DCN-JOC News Services
Trez supports Freed build in Toronto

TORONTO—Vancouver-based Trez Capital has announced it is providing more than $48 million in funding for a new condominium development in midtown Toronto.

The loan to Freed Developments will support construction of a four-storey building totalling 57,000 square feet, stated a recent release. Located at Mount Pleasant Road and Eglinton Avenue, the project will feature 36 units ranging from 800 to 2,500 square feet. Each unit will feature either a private terrace, backyard or rooftop.

“Toronto is a competitive market for condo development, so it’s important to provide a unique offering to the market,” said Peter Freed, CEO and founder of Freed, in a statement. “This building will ensure that residents have the chance to enjoy their own piece of the outdoors as well as living at a key intersection of midtown Toronto.

“Trez is the perfect partner for this project because we have a similar vision in what we’re looking to create.”

Trez provides short-term debt and equity financing typically between six and 36 months in term, and up to $100 million in loan value. Trez Capital is on pace to originate $4 billion in loans by the end of 2021.


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