BTB Real Estate Investment Trust has concluded a refinancing agreement for six of its properties for a total amount of USD26.4m, at an interest rate of 3.34 per cent.
The total amount has been used to reimburse two existing mortgage financings of USD25m bearing interest rate of 5.75 per cent.
The properties affected by this refinancing are:
3627-3645 Des Sources Boulevard, Dollard-des-Ormeaux, Québec
3781 Des Sources Boulevard, Dollard-des-Ormeaux Québec
4890-4898 Taschereau Boulevard, Greenfield Park, Québec
1125-1129 St-Martin Boulevard West, Laval, Québec
2900 Jacques-Bureau Avenue, Laval Québec
2214-2226 Dollard Street, LaSalle, Québec
This refinancing will save BTB more than USD500,000 in interest costs per year.