Royal Bank of Canada Completes a $46 Million Refinancing of Twelve Properties in Mont Tremblant

McMillan acted as lenders counsel to the Royal Bank of Canada (“RBC”) with respect to a $46 million refinancing of 12 properties in the Mont Tremblant Village located in the Province of Québec.

The transaction required an extensive due diligence review of all the properties and thorough assessment and negotiations of a very extensive title report. McMillan also drafted and negotiated RBC’s commitment letter as well as all other documents in connection with the transaction, which included all security documents such as hypothecs, general security agreements, and guarantees in Québec and in Ontario as well as all other conditions pertaining to the financing.

The McMillan team was led by Keith Hanna and included Srinidhi Akkur, expertly providing financial services and commercial real estate expertise in connection with this complex transaction to achieve a favourable outcome for RBC, our client.

As a national business law firm, McMillan’s Commercial Real Estate Group offers exceptional insights into the industry and intricate knowledge of real estate law. Our lawyers provide significant experience within the marketplace, such as comprehensive guidance in drafting and negotiating virtually all types of commercial and industrial real estate arrangements on behalf of public, privately held and private sector entities. Our focus is on helping manage portfolios in a way that maximizes return on investments while mitigating potential risks to help our clients stay ahead.