Kadestone Capital Corp. (TSE:KDSX) has released an update.
Kadestone Capital Corp., a notable Canadian vertically integrated property company, has revised its loan terms with the Zhang Family (2015) Trust, increasing the loan amount to over $10.9 million with a staggered interest rate reaching up to 15% by 2028. The loan’s maturity date has been extended to May 2028, with quarterly principal payments and the lender receiving equity participation rights in future real estate developments. This strategic financial maneuver is set to support Kadestone’s continued growth in the competitive property market.
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