Gentra Borrows $110M from CDPQ

CDPQ Mortgage Corporation, out of Montreal, recently opened up their coffers and lent Gentra Canada Investments Inc. in excess of $110 million on the security of several of Gentra’s top-quality mortgage loans. The Gentra mortgage portfolio involved 13 groups of loans and 31 properties stretching from New Brunswick to British Columbia.

Lead counsel for CDPQ was Mark Brennan of Donahue Ernst & Young LLP with assistance from Dawn Waters. The Gentra team was headed up by Thomas Macdonald of Goodman Phillips & Vineberg with assistance from Monica Mraz and Joel Schachter. Counsel called upon in provinces other than Ontario included Fraser MacFayden (Nova Scotia), James Murphy and Hayward Aiton, all of Stewart McKelvey Stirling Scales, Sterling Dietze of Stikeman Elliot (Montreal) and assisted by Brenda Hebert in their Toronto office. Glen Peters of Fillmore Riley handled duties in Manitoba. Michele Klebuc-Simes of MacPherson Leslie & Tyerman and Shawn Smith of McDougall, Ready provided assistance in Saskatchewan, Dan Sears of Burnet, Duckworth & Palmer and Irene Stewart of Gowling Lafleur Henderson LLP assisted in Alberta and BC, respectively.