Aunt Leah’s
Purpose
Protecting 41 affordable homes for the long term.
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Aunt Leah's Foundation
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Aunt Leah's Properties
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3940 Pender Street, Burnaby, BC
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Sacha provided acquisition financing that helped Aunt Leah's move a fully tenanted rental building into long-term non-profit ownership.
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Existing rents average 30 to 35% below market. Non-profit ownership protects affordability while supporting Aunt Leah's mission to support young people leaving foster care.
Investment Details
Investment amount
$4.5 Million
Project Value
$12 Million
Type of Capital
We provided a First Mortgage Secured Loan
Purpose of Capital
Acquisition Financing
Year Funded
2024
Fund
Sacha Enterprise Loan Fund LP
Investment Outcomes
Social
Moves 41 existing rental homes into long-term non-profit ownership.
Environmental
Planned renovations include energy and building-performance upgrades.
Financial
Two-year bridge financing supported the acquisition.
