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CIBC provides credit facilities for Tippett South Inc. to fund construction of a condo
Our Toronto office advised Canadian Imperial Bank of Commerce (CIBC) in connection with C$158.25m in credit facilities, comprised of a C$150.75m construction loan and a C$7.5m letter of credit facility. The credit facilities were provided to assist the borrower, Tippett South Inc., with the construction of a 13-storey residential condominium containing 340 units and a 15-storey residential rental building containing 177 units.