Clarke Obtains New $250M Credit Facility for Talisman Project’s Construction
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AI Article Summary
Clarke has secured a $250-million credit facility to refinance and advance construction at its Talisman multi-family development project in Ottawa. The financing includes a $115-million term loan and a $135-million construction facility for the second phase of the project. In addition, Clarke has refinanced a residential investment property in St. John's. These moves, along with previous asset sales, support the completion and stabilization of Clarke's development projects.
