Claridge Homes Gets Credit Facility

The Toronto-Dominion (TD) Bank acted as administrative agent on behalf of itself and the Bank of Montreal in respect of an $80-million syndicated credit facility extended to Claridge Homes for the final two towers of a four tower mixed-use residential and retail complex known as “Claridge Plaza,” located in Ottawa's downtown core and consisting of 953 residential condominium units.

TD Bank and the Bank of Montreal were represented by Philip Rimer and Kelly Elliott of Dentons Canada LLP.

Claridge Homes was represented by Roger Ramonat of McBride Bond Christian LLP (financing/corporate), and Warren Stroud of Goldberg Stroud LLP (real estate matters).