On August 14, 2007, CDPQ Mortgage Investment Corporation, the mortgage arm of the Caisse de dépôt et placement du Québec, and its agent, MCAP Financial Corporation, closed the first advance of a $381 million construction mortgage loan to Cadillac Fairview Corporation Limited, Maple Leaf Sports & Entertainment Ltd. and Lanterra Developments Ltd. for the construction of Maple Leaf Square in Toronto.
Maple Leaf Square is a mixed use development immediately adjacent to the Air Canada Centre which will comprise a 44 storey condo building, a 40 storey condo building, a 162 room hotel, a 220,000 square foot office component, a 130,000 square foot retail area and four levels of underground parking containing 830 parking spaces.
Fasken Martineau advised CDPQ and MCAP in this transaction with a team led by Mark Brennan and including Craig Carter, Linda Huynh and Dugan Edmison, assisted by paralegals Joanne Huynh and Merilyn Thompson.