Sencap Partners Inc. (“Sencap”) is pleased to announce the closing of a $8,200,000 senior-secured mortgage financing for the acquisition of 1330 Exmouth Street – a 79,861 SF commercial plaza located in Sarnia, Ontario. The financing was completed on behalf of the Sponsor - Sky Development Group Inc., following their acquisition of the property.
Sky Development Group Inc. (“Sky”) is a Toronto-based developer active in both residential and commercial development (www.skydevelopment.ca). Sky has developed residential landmarks such as the 160-unit Robert Watson Lofts on Sorauren Avenue, the 140-unit Essence Condominiums in the Bloor/Kingsway area, as well as homes in the exclusive Bridle Path neighborhood in Toronto. Sky’s growing commercial real estate portfolio also includes two commercial plazas developed in the downtown core of Richmond Hill. Sky is affiliated with Talize Inc. - a sustainable clothing retailer with 12 stores in Canada, located in B.C. and Ontario.
With offices in Toronto, Ontario and Vancouver, B.C., Sencap is a privately-owned and independent financial services provider, offering a holistic approach to project financing by providing debt, equity, and bridge financing solutions to the Canadian infrastructure, real estate, and seniors housing sectors. Sencap acts as advisor, arranger, and administrative agent - providing its clients with an end-to-end project financing solution for development and construction, acquisitions, redevelopments, refinancings, and recapitalizations. With over 20-years of banking and capital markets experience, Sencap’s principals have structured and arranged over $4.0 billion in complex project financings, advised on over 25 PPP infrastructure projects, and financed over 4,000 long-term care beds across Canada.
For more information, please visit www.sencappartners.ca.