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National Bank grants a green loan to Capital Developments for its Olive Residences sustainable building project in Toronto
National Bank grants a green loan to Capital Developments for its Olive Residences sustainable bu...
About this update from National Bank Of Canada
[{"type":"text","content":"\n \n \n \n National Bank grants a green loan to Capital Developments for its Olive Residences sustainable building project in Toronto\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n ,\n \n March 19, 2024\n \n /CNW/ - National Bank announced that it has granted a green loan to Capital Developments for the construction of Olive Residences in\n \n Toronto\n \n . This new residential project, which is currently underway, has been designed with sustainable development in mind.\n \n \n \n \n \n \n \n \n \n Located at 36 Olive Avenue, south-east of Yonge and\n \n Finch\n \n in\n \n Toronto's\n \n \n North York\n \n neighbourhood, Olive Residences is a new 29-storey residential building with 350  condo units for sale. Designed to ensure comfort, durability and accessibility, the building is just a few minutes' walk from\n \n Finch\n \n subway station, which also connects to the Go Transit and York Region Transit hubs.\n \n \n The project is being developed by Canadian developer Capital Developments and is scheduled to be delivered in 2025. Olive Residences is pursuing LEED\n \n ®\n \n Gold* certification. As such, it emphasizes quality of life for its residents and compliance with strict environmental standards.\n \n \n The loan granted to the Olive Residences project is aligned with the Green Loan Principles published by the Loan Market Association in February 2023.\n \n \n \n Mortgage promotion: Made to measure to promote this sustainable project\n \n \n \n National Bank is also proud to announce that individuals who take out a National Bank mortgage loan to purchase a unit in this building project could receive up to\n \n $5,300\n \n in cash back if they meet certain criteria.\n \n \n \n Quotes\n \n \n \n \"We're proud to support Capital Developments in carrying out this project, which allows us to again showcase the expertise of the National Bank Real Estate Group and of our dedicated sustainable financing teams. The Olive Residences project from Capital Developments demonstrates that, with support from ou...