CFO Capital arranges financing for Dev Hotel and Conference Centre

The 638,394 sq. ft. (former NAV Centre) mixed-use facility is an 535-guestroom hotel accompanied with five cafeterias, three restaurants, and amenities including a large fitness centre, spa and an Olympic-sized pool

The office is 120,000 sq. ft. of high-end office space complimented with conference centres including 70-meeting room and a 225-seat auditorium. Furthermore, there are 75 Acres of developable land with frontage on the St. Lawrence River.

“The vision of Devcore not only caters to corporate events, weddings, a training facility and conferences, but their philanthropic purpose also focuses on the immediate housing of Canada's asylum seekers and refugees, who are leaving everything behind and arriving with their families and a suitcase. Devcore has transformed their lives by providing them with the next level of services including medical programs, work placements across Canada as they analyze each person's skill sets and educational credentials, provide classrooms for children, high quality living accommodations and food, in a safe environment. CFO Capital structured the debt for this unique asset providing a long term economical debt solution in order to make their vision a success,” says Mark Kay, principal, CFO Capital.