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Waterloo Region Connected  /  Land Development and Real Estate  /  Urban Areas v  /  Weber Yards (1333 Weber St E) (nee Elevate Condos) | 15, 15, 12 & 12 fl | U/C


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Weber Yards (1333 Weber St E) (nee Elevate Condos) | 15, 15, 12 & 12 fl | U/C
tomh009 Offline
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#207
10-25-2023, 11:12 AM
(10-25-2023, 10:38 AM)taylortbb Wrote: The $46MM in down payments would likely have been held in trust by a law firm, that's how I worked for Charlie West, and I think it's a regulatory requirement.

So that money isn't actually available for construction, though it's strong support for a loan.

Right, it would be security for the actual construction financing.
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RE: Elevate Condos (1333 Weber St E) | 15, 15, 12 & 12 fl | U/C - by tomh009 - 10-25-2023, 11:12 AM

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