Private Debt Partners funds $15,000,000 to Core Development Group Ltd.
Summary
The deal funded on May 13th, 2022 from PDPs Senior Opportunities Fund ("SOF").Core Development Group Founder and CEO Corey Hawtin commented, "To support the recent growth within Cores business, we are pleased to embark on a new financing partnership with PDP. We are excited to have a lender partner who took the time to understand what drives our business and provide a financing that was bespoke to Core and will act as a catalyst for our future growth".PDP Managing Partner Greg Dimmer commented, "We were very impressed with Cores approach and plans for growth in mid-rise and high-rise, multi-family, residential developments throughout the GTA as well as low-rise rentals throughout the province. PDP is pleased to become a financing partner with the professionals at Core Development Group".This transaction demonstrates the continuing deployment of PDPs Senior Opportunities Fund. The SOF had a first closing on April 15th, 2021 and PDP is actively working to deploy senior term financing solutions to growing companies in the Canadian mid-market.Private Debt Partners is a private debt firm solely focused on Canadian mid-market opportunities. PDP was co-founded by Jeffrey Deacon, Greg Dimmer and Jean-Christophe Greck who combined bring over 35 years of experience in fundraising, origination, portfolio management and underwriting.