Quick work by lender.GE Real Estate, through its Business Property division, announced it provided a $4.3 million mortgage loan to Harbourside, Inc. for the refinancing Refinancing An extension and/or increase in amount of existing debt. of its Showline film studio located on four acres of land in downtown Toronto Downtown Toronto is the heart of the City of Toronto, Ontario, Canada. It is approximately bounded by Bloor Street (including areas slightly north of Bloor around Yonge Street) to the north, Lake Ontario to the south, Bayview Avenue - Don Valley Parkway to the east, and Bathurst . With the help of Murray & Company, a Toronto-based full service financial intermediary Financial Intermediary An institution that acts as the middleman between investors and firms raising funds. Often referred to as financial institutions. Notes: This can include chartered banks, insurance companies, investment dealers, mutual funds, and pension funds. , Harbourside took advantage of the new "GE Quick Mortgage" product to close the deal 23 days after acceptance of the proposal, enabling the company to obtain the needed financing just a few days before the maturity of its previous conduit conduit /con·du·it/ (kon´doo-it) channel. ileal conduit the surgical anastomosis of the ureters to one end of a detached segment of ileum, the other end being used to form a stoma on the mortgage loan. The GE Quick Mortgage product is available for loans ranging between $1 million and $7 million. |
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