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BDC FINANCING

High ratio financing for your realty purchases For over 65 years, the Business Development Bank of Canada (BDC) has been helping companies expand and modernize to reach their potential.

Why choose BDC We offer unparalleled flexibility for repayment > Longer amortization periods > Seasonal or progressive repayment schedules to protect your cash flow > Initial principal payments may be deferred to get your project going

Glenlyon Corporate Centre Glenlyon Corporate Centre is a new AAA office building conveniently located in the Glenlyon Business Park along North Fraser Way in the Big Bend area of South Burnaby. Easily accessible by transit, close to 2 major shopping centres, and within a quality controlled neighborhood, this affordable office space is ideally located.

Glenlyon Corporate Centre 4300 North Fraser Way, Burnaby, BC BDC contact Rosanne Horner Assistant Vice-President, Acquisition T 604 586-8225 C 604 789-6760 rosanne.horner@bdc.ca

Glenlyon Sales Centre T 604 434-1434 sales@glenlyon.ca

FINANCING | VENTURE CAPITAL | CONSULTING

www.bdc.ca

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1 888 INFO BDC

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BDC FINANCING PROPOSAL Glenlyon Corporate Centre 4300 North Fraser Way, Burnaby, BC (All terms and conditions subject to BDC due diligence.) Target

> Preference given to owner-occupiers but will consider investors

Amount

> Up to 100% of purchase price

Amortization

> Up to 30 years

Term

> Up to 30 years (same as amortization)

Interest rate

> Fixed or floating rates

Appraisal

> Waived

Environmental Report

> Phase 1

Security

> First charge on subject realty > Assignment of rents > Corporate guarantees (if applicable) > Limited personal guarantee from the owner

Required documentation

> Copy of purchase and sale agreement > Personal net worth statement > Financial statements (3 years) > Aged Accounts Receivable and Accounts Payable reports > Other documentation may be required

Processing time

> Approximately 3 weeks from the time that all documents are received

Example Project* Purchase strata unit (3,556 sq.ft.)

Example Financing $1,422,400

Renovations (3,556 sq.ft. @ $30/sq.ft.)

$106,680

Closing costs (land tnfs/legal fees)

BDC Term Loan (90%)

$1,380,000

Owner Investment

$190,000

$40,920 $1,570,000

$1,570,000

Approximate monthly payment: ~$8,145. *All terms and conditions subject to BDC due diligence FINANCING | VENTURE CAPITAL | CONSULTING

www.bdc.ca

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1 888 INFO BDC

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Surrey Realtor Glenlyon  

Surrey Realtor Glenlyon

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