RBC and BMO complete $150 Million loan facility to Heathwood Homes



Real Estate Group partner Leor Margulies, and law clerk Cindy Applegath, represented RBC and BMO on a $150M syndicated financing to Heathwood Homes with respect to the development and servicing costs of a 499 unit 3-phase project in Whitby, Ontario. The development will be a multiphase project with a mixture of various low rise types including single-family, semi-detached and townhouses.