I am not sure if the terms and conditions from commercial lenders are unattractive, but I think it is the issue of equity as you have indicated earlier. What often happens is that maybe there is a requirement for a great amount of equity when getting involved in a commercial venture, especially for the private rental market. I think that is more the major drawback for people to go directly to commercial lenders to obtain interim financing.
Mr. Beaulieu on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 5th, 2001. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
March 5th, 2001
Page 1539
Beaulieu
See context to find out what was said next.