TORONTO: C.A.
Bancorp Inc. (“C.A. Bancorp”) is pleased to announce that C.A. Bancorp
Realty Finance Inc. (“C.A. Bancorp Realty Finance”), a wholly owned
subsidiary of C.A. Bancorp, has received its Mortgage Broker License
from the Financial Services Commission of Ontario. The Mortgage Broker
License allows C.A. Bancorp Realty Finance to assist its commercial
real estate clients with both senior and mezzanine debt along with
high-yielding loans that C.A. Bancorp intends to make in commercial and
industrial real estate.
C.A.
Bancorp Realty Finance provides fee-based, structured, and
client-focused commercial real estate finance solutions tailored to the
requirements of each transaction and aligned with its clients’ overall
investment criteria.
C.A. Bancorp
Realty Finance is managed by Michael Lovett, Managing Director of Real
Estate Capital at C.A. Bancorp. Mr. Lovett has over 25 years of
experience in commercial real estate financing in both construction and
term lending. C.A. Bancorp Realty Finance is able to leverage its
long-term relationships with lenders to find the best debt solution, on
the best terms for its clients. C.A. Bancorp Realty Finance has access
to a wide array of both traditional and non-traditional lenders, in the
private and public arenas, many of whom are not available directly to
borrowers.
C.A. Bancorp Realty Finance has recently arranged, on behalf of its clients, the following commercial real estate financing:
- First mortgage on a 50% undivided interest in an 81,713 sq ft shopping centre in St. Jacobs, Ontario;
- Land servicing facility for a 430,000 sq. ft. retail centre in Kingston, Ontario;
- Construction facility for a 107,000 sq. ft. factory outlet centre in Kingston, Ontario;
- Renovation facility for an 81,064 sq. ft. retail strip plaza in Kingston, Ontario;
- Term-loan facility for a free-standing grocery store in Collingwood, Ontario;
- Construction facility for a 31,000 sq. ft. retail plaza in Orillia, Ontario with Giant Tiger as the anchor;
- Construction and term loan for a 100,000 sq. ft. multi-tenant industrial building in Burlington, Ontario.
In
addition, C.A. Bancorp Ltd., a wholly owned subsidiary of C.A. Bancorp,
received approval from the Ontario Securities Commission registering
C.A. Bancorp as an Investment Counsel and Portfolio Manager (“ICPM”);
adding to its existing registration as a Limited Market Dealer
(“LMD”). With its ICPM registration, C.A. Bancorp will be able to act
as an investment manager for any public investment vehicles (“Funds”)
that it is the manager for.
C.A. Bancorp
believes that raising and managing Funds is an integral component of
its business model. Through the management of such Funds, C.A. Bancorp
can earn recurring operating income from fund management fees, as well
as, in certain cases, performance fees.
C.A.
Bancorp currently manages Sentry Select Total Strategy Fund (“Total
Strategy Fund”, TSX: TSF.UN), a long-short public equity fund with a
private equity component of up to 25% of the net assets. Total
Strategy Fund has over $50 million in net assets.
C.A. Bancorp Inc.:
C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and asset
manager that provides investors with access to a range of private
equity and alternative asset class investment opportunities, typically
available only to institutional and high-net-worth investors. The
Company is focused on investments in small- and middle-capitalization
public and private companies, with emphasis on the industrials, real
estate, infrastructure and financial services sectors.
More information:
For further information about C.A. Bancorp Realty Finance and the services it provides, please contact Michael Lovett at (416) 214-5985 ext. 619 or mlovett@cabancorp.com.
For further information about C.A. Bancorp or its ICPM registration, please contact:
Mark Gardhouse, President or Paolo De Luca, Chief Financial Officer at (416) 214-5985.
This news release contains
“forward-looking statements” relating to C.A. Bancorp’s intentions.
Forward-looking statements involve known or unknown risks,
uncertainties and other factors, which may cause the actual performance
or achievements of C.A. Bancorp to be materially different from those
projected by such forward-looking statements. Among others, such
factors include uncertainty with respect to the availability of
investment opportunities and competition for investments.
Forward-looking
statements contained herein are made as of the date hereof and are
based on the opinions of management based on information available to
management as of such date, and, except as may be required by
applicable securities laws, C.A. Bancorp disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, changes to C.A Bancorp’s investment plan, future events or
results or otherwise.
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