logo
logo

Neighbourhood Holdings Closes Market-Leading $200 Million Syndicated Credit Facility Led By Atb Financial And Expands Available Credit By $50 Million

May 05, 2021•over 4 years ago
Vancouver

Description

Neighbourhood Holdings Limited Partnership (“Neighbourhood”) is pleased to announce the closing of the amendment and extension of its $200 million committed, revolving credit facility led by ATB Financial. This extends the term of Neighbourhood’s existing market-leading facility, expands available credit by $50 million, and deepens Neighbourhood’s already strong relationships with its five-bank syndicate. This amendment provides certainty of financing, underpinning a solid platform for growth to allow Neighbourhood to continue to finance Canadian home buyers and home owners.

Company Information

Company

Neighbourhood Holdings Lp.

Location

Vancouver, Washington, United States

About

Neighbourhood Holdings Limited Partnership (Neighbourhood) is a leading alternative mortgage lender. Neighbourhood leverages the latest industry technology and a transparent, conservative approach to lending capital to deliver fast and competitive short-term financing solutions to Canadians in search of residential properties, while consistently producing strong risk adjusted returns to investors. Neighbourhood currently offers some of the lowest alternative mortgage rates in Canada, namely in British Columbia, Alberta, Manitoba, Ontario, Québec, and Nova Scotia. For more information: www.neighbourhoodholdings.com.