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Timbercreek Financial Secures $510 Million Revolving Credit Facility

Feb 12, 2024over 1 year ago

Amount Raised

$510 Million

TorontoReal Estate InvestmentLendingReal EstateFinanceFinancial Services

Description

Timbercreek Financial Corp. secured a $510 million revolving credit facility with a syndicate of 9 lenders on February 8, 2024. The New Credit Agreement includes a $20 million swingline facility and an accordion feature allowing an increase of $100 million under certain conditions.

Company Information

Company

Timbercreek Financial Corp

Location

Toronto, Ontario, Canada

About

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Their approach allows them to meet borrower needs with faster execution and more flexible terms not typically provided by Canadian financial institutions.

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