{"id":15752,"date":"2022-11-30T00:00:00","date_gmt":"2022-11-30T00:00:00","guid":{"rendered":"https:\/\/gascon.ca\/financing-of-the-auguste-louis-condominiums-project\/"},"modified":"2022-11-30T00:00:00","modified_gmt":"2022-11-30T00:00:00","slug":"financing-of-the-auguste-louis-condominiums-project","status":"publish","type":"post","link":"https:\/\/gascon.ca\/en\/financing-of-the-auguste-louis-condominiums-project\/","title":{"rendered":"FINANCING OF THE AUGUSTE &amp; LOUIS CONDOMINIUMS PROJECT"},"content":{"rendered":"<p>Gascon &amp; Associates, through Mr. Jean Proulx, Partner, was mandated by developer Devimco Immobilier to advise the borrower in connection with the nearly $100M financing of the Auguste &amp; Louis Condominiums construction project, located on the Radio-Canada site in Montr\u00e9al.<\/p>\n<p>As part of his mandate, and in addition to his advice on the financing offer, Mr. Proulx also negotiated with the lender&#8217;s attorneys all facets of the financing documentation, the corporate guarantees and other ancillary agreements. He also had to put in place the security required by ACQ Residential Inc., a company called upon to guarantee buyers&#8217; deposits.<\/p>\n<p>Ultimately, as subordination agreements were required in this file, his contribution was greatly appreciated by the client given the lender&#8217;s requests, the requirements, the constraints of ACQ Residential Inc. and of the other parties involved in this financing file.<\/p>\n<p>Gascon, possessing a great deal of expertise in the real estate field, has, moreover, proceeded with the examination of the ownership titles and issued the title search report.<\/p>\n<p>The timelines for the implementation of this financing have been met, so the borrower can now obtain the necessary advances to pay the contractor and subcontractors in a timely manner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gascon &amp; Associates, through Mr. Jean Proulx, Partner, was mandated by developer Devimco Immobilier to advise the borrower in connection with the nearly $100M financing of the Auguste &amp; Louis Condominiums construction project, located on the Radio-Canada site in Montr\u00e9al. As part of his mandate, and in addition to his advice on the financing offer, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12496,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[157],"tags":[],"class_list":["post-15752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-representative-mandates"],"acf":[],"_links":{"self":[{"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/posts\/15752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/comments?post=15752"}],"version-history":[{"count":0,"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/posts\/15752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/media\/12496"}],"wp:attachment":[{"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/media?parent=15752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/categories?post=15752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gascon.ca\/en\/wp-json\/wp\/v2\/tags?post=15752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}