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Firm Capital Apartment REIT
FCA.U · TSXV · reit
US$4,000,000
Vendor take-backSeller financing (vendor take-back) provided by the Trust on the sale of its only Florida property (May 20, 2024); generates a minimum 9% return, since escalated to 15%
Terms
- Instrument
- Vendor take-back
- Principal / carrying balance
- US$4,000,000
- Interest rate
- 15%
- Rate type
- fixed
- Maturity
- —
- Term
- —
- Lien position
- unknown
- Counterparty
- —
- Property / location
- Florida, USA
- As of
- Jun 30, 2026
Source excerpt
As part of the transaction to sell the Trust's only property located in Florida (May 20, 2024) the Trust agreed to provide seller financing of $4.0 million that generates a minimum 9% return and has since escalated to 15%
Interim financial statements 2026 · View filing (PDF) · extraction confidence 80%
Automatically extracted from a public filing. Verify every figure against the source document before transacting.