{"id":7589,"date":"2022-11-30T12:20:15","date_gmt":"2022-11-30T16:20:15","guid":{"rendered":"https:\/\/www.gascon.ca\/?p=7589"},"modified":"2022-11-30T12:20:15","modified_gmt":"2022-11-30T16:20:15","slug":"financing-of-the-auguste-louis-condominiums-project","status":"publish","type":"post","link":"https:\/\/gasc.sltm.ca\/en\/2022\/11\/30\/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":5,"featured_media":7147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[49],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FINANCING OF THE AUGUSTE &amp; LOUIS CONDOMINIUMS PROJECT - Gascon<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FINANCING OF THE AUGUSTE &amp; LOUIS CONDOMINIUMS PROJECT - Gascon\" \/>\n<meta property=\"og:description\" content=\"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. 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