trending Market Intelligence /marketintelligence/en/news-insights/trending/b9zsnmshb2f2aeriv9jgqg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Partners Real Estate closes C$11.9M mortgage refinancing at British Columbia property

Video

The Global Impact of COVID-19

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

COVID-19: The 451 Research Take

IPTV, Multichannel Services In Asia Evolving Quickly In Response To COVID-19


Partners Real Estate closes C$11.9M mortgage refinancing at British Columbia property

Partners RealEstate Investment Trust finalized an C$11.9 million mortgagerefinancing for its Evergreen Shopping Center property in Sooke, BritishColumbia.

The mortgage has a five-year term with a 25-yearamortization period and a 2.85% interest rate. The company will use C$9.1million of the proceeds to repay the property's existing mortgage, whichcarries a 3.80% interest rate. The remaining C$2.8 million will be reinvestedinto the REIT's property portfolio.

The 68,000-square-foot shopping center was 98.1% occupied asof June 30 and represents roughly 3.2% of the REIT's annual base rental revenue.

First National Financial is acting as the mortgage broker.