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City Mortgage and its principal Rick Maysenhoelder have successfully placed in excess of $1.5 billion in commercial mortgages. Categories of commercial mortgage financing include Term, Construction and Mezzanine. Pure Equity Investment loans have also been provided. The mortgage portfolio below highlights
the diversity of the projects that have been financed.
Apartment
/ Residential
Coquitlam, BC
70-unit Single-family Sub-division.
Construction Mortgage
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Vancouver, BC
225-unit Luxury
Condominium Development.
Construction Mortgage
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Coquitlam, BC
27-unit Townhouse Units:
Construction Mortgage
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White Rock, BC
30 Townhouse Units:
Construction Mortgage
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Langley, BC
36-unit Condominium:
Construction Mortgage
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Surrey, BC
58-unit Condominium:
Construction Mortgage
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New Westminster, BC
60-unit Rental Apartment:
Construction and Long Term Mortgage
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North Vancouver, BC
21-unit Condominium:
Construction Mortgage
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Surrey, BC
56-unit Townhouse:
CMHC Insured Construction Mortgage
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Vancouver, BC
257-unit Rental Apartment/Mixed Use:
CMHC Insured Construction & Long Term Mortgage
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Industrial
Surrey, BC
37,000 square foot Industrial Building situated on 2.5 acres:
First Mortgage Financing
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Burnaby, BC
54,316 square foot Industrial Building situated on 2.68 acres:
Long-term Mortgage
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Shopping
Centres
Surrey, BC
70,000 square foot Shopping Centre:
Long-term First and Second Mortgage
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Coquitlam, BC
15,000 square foot Retail Strip Centre:
Long-term Mortgage
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Office
Land
Squamish, BC
2.79-acre Multi-family Development Site:
Land Acquisition Financing
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851-acre Master-planned Resort Community:
City Mortgage provided the Pre-development Funding
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9.42-acre Re-development Site:
Financing and Equity Investment
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To speak directly with one our team members regarding your commercial real estate financing needs, please contact:
Rick Maysenhoelder at 604-763-3346
or by email at rickm@citymortgage.ca
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"Rick has acted as financing consultant in arranging financing of a few of my projects to date and I am satisfied that I have received the best terms available in the market. Rick quickly and accurately assembles the requisite financing material and aggressively approaches the lender market. He is professional in his dealings and is able to match the particular needs of both parties. I have enough faith on Rick's expertise, that I have referred him to friends in order to arrange financing of their projects. These deals were also concluded successfully"
Greg J. Morfitt
President
Brenmor Development Corp.
"I would like to personally thank you for the services you have provided us over the last few months. Both mortgages you were involved in were secured for the maximum amounts realistically attainable and the interest rates were the most competitive for that time in the marketplace. Your professional approach always left us feeling there was never a doubt that our objectives would be met."
Dave Bockus
President
Pacific Commercial Agencies
"For the past ten years you have been assisting our group with our mortgage financing in a professional way. The success of financing our property acquisitions and two commercial retail developments has roots in Rick Maysenhoelder’s knowledge of the lending markets, excellent professional approach to lenders and negotiation/communication skills. Our business relationship does not end at the close of the deal, rather it continues with his support, whenever we need him."
Iman Soemargo
President
Good Fortune Group of Companies
"I am writing you today to
compliment you on how you and your company handled our
refinancing. Through this entire process your company kept
us on track and handled all our matters in the most professional
manner."
G.W. Matheson
Managing Director
Cantrav West Services
Ltd
"Mr. Maysenhoelder was able to provide us with several different
options from various lenders for construction mortgage
financing. His advice aided us on deciding the most suitable
mortgage financing plan on our 58-unit condominium project."
Jose Santos
President
Melrose Developments Ltd
"We would like to take this opportunity to express
our appreciation of the way your company has handled the
financing of our
1000 Beach Avenue Project. Many difficulties had to be
overcome, particularly because so many different partners
and interest groups were involved."
Willem Kerkoff
President & CEO
Kerkhoff Industries
Inc.
"I must admit, at first, I questioned the apparent
cost of using a broker. Once I had the chance of working
with
you and saw how you were professionally representing our
project, it was no surprise that the financing obtained
exceeded our expectations."
M.F. Wilcox
President
Wilcox Development
Group
"Your knowledge of the housing programs and CMHC policy
and procedural matters has greatly reduced the amount of
red tape we are constantly faced with. Your ability to
locate competitive financing, on both new acquisitions
and for the refinancing of our existing housing portfolio,
has added greatly to our credibility in the eyes of CMHC."
Larry Desmeules
General Manager
Metis Urban Housing
Corporation of Alberta
"We are not sure if our project would still be going ahead if it had not
been for your putting together a conference call from Halifax to Vancouver. The
strike of the Saskatchewan Government Employees Union had tied up land title
transactions. As a result, the project was out of money and the lender was not
prepared to advance any funds to our project. Your phone call straightened this
all out and we never missed a day of construction.
We might also point out that because you obtained funds for us at .0075 points
below the prime, this has provided us with additional funds that bought additional
comforts for the residents of our project. These people may never know how this
came about, but it still will not lessen their enjoyment and appreciation of
them and this is what the community has worked for."
Jack deVlaming
Chairman
Lake Wood Lodge
Incorporated
"I was impressed from the first contact with Rick and Sam, they were interested in my project and were prepared to do what they could to make it happen for me. The biggest difference between City Mortgage and other brokers that I had dealt with unsuccessfully, was their in-depth analysis and understanding of my project. They spent hours getting to know me and my project inside and out, and that is what made the difference. They understood and trusted my business plan and because of that understanding and trust they were able to successfully sell it to their investors."
Tracy Lambeth-Scott
The Victorian
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