Timbercreek Financial Provides Update on Resolution of Group Sélection Loans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2025
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Source: Globenewswire
Loan Recovery Update: Timbercreek Financial has made significant progress in recovering two loans to Groupe Sélection Inc., with a definitive agreement for the sale of the Rosemont Les Quartiers retirement residence, allowing for full recovery of principal and interest valued at approximately $62 million.
Construction Progress: The second loan, related to a multi-family residential building, is performing well with construction over 90% complete, and Timbercreek expects to receive full repayment upon refinancing of the asset.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
