Financing, New Industrial Construction in Quebec | Francis Pelletier
A newly constructed building available for lease
The industrial building, designed to the highest standards, will provide flexible rental spaces to meet the diverse requirements of local businesses. Whether for production, distribution, or storage, every detail has been considered to ensure optimal functionality.
Financial Challenges and Strategies
Challenges related to rising construction costs and interest rates have created a challenging environment for financing our new industrial building. The combination of these factors has made obtaining financing more complex. Indeed, due to the absence of current income from the new building, it was imperative to work with risk coverage mechanisms to reassure the lender.
Our Team and Financial Strategies
Our team played a crucial role in managing these financial challenges. We developed effective strategies to streamline the usual progressive disbursement process, allowing for better adaptation to market constraints. This approach was crucial in overcoming challenges related to the nature of the project and ensuring the success of the financing.
Comprehensive Support in the Financing Process
From the development of the financial plan to negotiation with financial partners, our team ensured that each step was carried out efficiently and transparently. The financing structure was tailor-made due to the uniqueness of the transaction, taking into account the inherent risks of a new building without immediate income.
Successful Collaboration with a Renowned Developer
We are proud to work closely with a well-established developer who brings invaluable expertise to this project. Their commitment to excellence and successful track record in real estate development are key elements that have contributed to the success of the financing.
Impact on Local Economic Growth
The successful completion of financing for this industrial building represents not only a crucial step in the promoter’s growth but also a significant contribution to the economic vitality of the region. We look forward to seeing this project take shape and continuing to support industrial development in our community.
