Business
Urbanfund Corp. Announces Refinancing of Toronto Residential Property
TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President ...
About this update from Urbanfund Corp.
[{"type":"text","content":"Urbanfund Corp. Announces Refinancing of Toronto Residential Property\n\n\n\n TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), is pleased to announced today that it completed the refinancing of its townhouse complex located at 3080-3094 Don Mills Road and 200 Van Horne Avenue, Toronto.\n \n\n The new $16.3 million mortgage financing, provided by First National Financial LP, carries a fixed interest rate of 3.55% for a term of five years. The refinancing proceeds were used to fully repay the existing mortgage on the property in the amount of approximately $8.0 million, with the remaining funds available to support general corporate purposes and future growth initiatives as determined by the Company’s board of directors.\n \n\n\n ABOUT URBANFUND CORP.\n \n\n\n Urbanfund Corp. is an Ontario corporation listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario.\n \n\n Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton, Belleville, Kitchener and London, Ontario, Quebec City and Montreal, Quebec and Dartmouth, Nova Scotia.\n \n\n\n FORWARD LOOKING STATEMENTS\n \n\n\n This press release contains certain forward-looking statements, which reflect Management's expectations regarding the Company's refinancing and use of proceeds thereof. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management's current beliefs and are based on information currently available to management as at the date hereof.\n \n\n Forward-looking statements involve significant risk, uncertainties and assumptions. Many f...