Urbanfund Corp. Announces Refinancing of Toronto Residential Property

Core Insights - Urbanfund Corp. has successfully completed the refinancing of its townhouse complex located at 3080-3094 Don Mills Road and 200 Van Horne Avenue, Toronto [1] - The new mortgage financing amounts to $16.3 million with a fixed interest rate of 3.55% for a term of five years [2] - Proceeds from the refinancing were used to fully repay the existing mortgage of approximately $8.0 million, with remaining funds allocated for general corporate purposes and future growth initiatives [2] Company Overview - Urbanfund Corp. is an Ontario corporation listed on the TSX Venture Exchange under the symbol UFC and is a reporting issuer in Alberta, British Columbia, and Ontario [3] - The company focuses on investing in Canadian real estate and related projects, emphasizing a mix of residential and commercial properties [4] - Urbanfund's assets are located in various cities including Toronto, Brampton, Belleville, Kitchener, London, Quebec City, Montreal, and Dartmouth [4]