Peakhill Capital Secures $350 Million Credit Facility for Canadian Lending Expansion
Peakhill Capital Inc., a leading Canadian commercial lender, has closed a $350 million credit facility to accelerate its multifamily and CMHC-insured lending across Canada. The new facility was arranged by a syndicate of three major banks - BMO, TD, and National Bank of Canada.
The facility significantly expands the Peakhill Income Opportunity LP's capacity to deploy capital, enabling portfolio growth in excess of $1.2 billion across Canada. The LP will continue to focus on multifamily bridge-to-CMHC lending as well as CMHC-insured construction loans, supporting the development and stabilization of national housing supply.
'The strong support from this syndicate reflects the quality of our portfolio, the discipline of our underwriting, and the strength of our platform operations,' said Harley Gold, President & CEO of Peakhill Capital. 'This facility gives us the scale and flexibility to expand our financing capabilities at a time when the need for housing capital across Canada has never been greater.'
The milestone broadens the LP's borrowing capacity, enabling Peakhill to diversify its lending relationships and continue scaling its origination activity while maintaining its focus on well-structured insured and conventional real estate credit opportunities.