Transactions & Cases Detail



Transaction/Case Details

Otéra Capital provides C$172.5M credit facility for Allied Properties REIT's refinancing of Cité du Multimédia

DATE CLOSED

September 24, 2013

BUSINESS SECTOR

Real Property / Construction

LEAD OFFICE

Montreal

VALUE

172.5 Million CAD


OVERVIEW

On September 24, 2013, Allied Properties REIT completed a refinancing of its existing mortgage loans on the property known as Cité du Multimédia which houses a cluster of information technology companies in an urban office campus and seven industrial buildings, located in Montréal, Québec, in a neighborhood between Old Montreal, Griffintown and Downtown Montreal. This refinancing was made available to Allied Properties REIT by Otéra Capital and consisted of a new credit facility totalling C$172.5 million.

Otéra Capital, headquartered in Montréal, Québec, is a provider of commercial real estate financing.

Allied Properties REIT, headquartered in Toronto, Ontario is an owner of office properties in Canada.

McCarthy Tétrault LLP represented Otéra Capital with a team led by James D. Papadimitriou, and including Mary Pagonis.

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Related Area of Expertise


Real Estate
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Real Estate Financing
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