Connective–Fort St. John
Purpose
Moving 42 northern homes into non-profit ownership.
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Connective Support Society
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Fort St. John Properties
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95th and 111th Avenues, Fort St. John, BC
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Sacha provided an 18-month bridge loan that helped Connective acquire two rental properties before moving to CMHC-insured long-term financing.
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The portfolio combines 18 apartments and 24 townhouses. Connective's acquisition protects the homes for long-term community use through an established social-services non-profit society.
Investment Details
Investment amount
$3.8 Million
Project Value
$5.3 Million
Type of Capital
We provided a First Mortgage Secured Loan
Purpose of Capital
Acquisition Financing
Year Funded
2024
Investment Outcomes
Social
Moves 42 existing rental homes into long-term non-profit ownership.
Environmental
Planned renovations improve performance and extend building life.
Financial
Bridge financing closed the acquisition before a CMHC takeout loan.
