Gascon & Associés, through partner Jean Proulx, was mandated by developer Devimco Immobilier to advise the borrower in the construction financing of the Louis & Auguste condominium project, located on the Radio-Canada site in Montreal. The financing amount approached $100 million. As part of his mandate, in addition to advising on the signing of the financing offer, Mr. Proulx had to negotiate all financing documentation, corporate guarantees and other ancillary agreements with the lender’s attorneys. He also had to put in place the securities required by ACQ Résidentiel inc. to guarantee the buyers’ deposits. Finally, since subordination agreements were required in this case, his contribution was greatly appreciated by his client, given the lender’s requests, the requirements and constraints of ACQ Résidentiel inc. and other parties involved in this financing file. Gascon’s expertise in the real estate field also enabled him to review the title deeds and issue the title report. The deadlines for arranging this financing were met, so that the borrower can now obtain the necessary advances to pay the contractor and subcontractors on time.