TransactionsHBOS Canada Completes $21.5 Million Mortgage Loan to ING Summit Industrial FundPublished: 10/24/2008 By Lanning J. Abramson, Paul Muchnik On September 22, 2008, HBOS Canada completed a mortgage loan to ING Summit Industrial Fund LP on a portfolio of 13 industrial properties in Mississauga, Ontario. The loan was in the principal amount of $21,500,000.00. ING Summit Industrial Fund LP is the largest industrial landlord in Canada. ING Summit Industrial Fund LP is part of the global ING Real Estate business, and it is one of Canada's largest real estate management companies providing real estate investment management, research, portfolio management, asset management and property management, including sales, acquisitions, development, financing and leasing. HBOS Canada's Real Estate Group focuses on creating strong national long-term relationships in the commercial real estate industry to facilitate the origination of construction, interim and term commercial loans for its balance sheet. HBOS Canada was represented by Cassels Brock. |