Neighbourhood Holdings Closes Market-Leading $200 Million Syndicated Credit Facility led by ATB Financial and Expands Available Credit by $50 Million

Leading Provider of Alternative Mortgages to Leverage Capital for Ongoing Growth and Certainty of Financing

Neighbourhood Holdings Limited Partnership (“Neighbourhood”) is pleased to announce the closing of the amendment and extension of its $200 million committed, revolving credit facility led by ATB Financial. This extends the term of Neighbourhood’s existing market-leading facility, expands available credit by $50 million, and deepens Neighbourhood’s already strong relationships with its five-bank syndicate. This amendment provides certainty of financing, underpinning a solid platform for growth to allow Neighbourhood to continue to finance Canadian home buyers and home owners.

“Today’s announcement marks a significant milestone for the Neighbourhood team, and we couldn’t be more proud or appreciative of the continued trust and support we’ve received from ATB Financial and our five-bank syndicate,” said Taylor Little, CEO of Neighbourhood. “Alongside investors and broker partners, these relationships are a key pillar supporting our status as one of Canada’s leading alternative lenders, and will be crucial in our ongoing efforts to transform the lending industry and the ways in which mortgage capital is distributed.”

Neighbourhood is dedicated to innovation with a vision of providing efficient access to capital for creditworthy Canadians. Employing an agile approach to mortgage lending, Neighbourhood has created a curated product suite tailored to the credit needs of modern Canadians. Neighbourhood’s partnership with Canada’s top financial institutions is a major contributor to executing on this vision.

About Neighbourhood Holdings LP.

Neighbourhood Holdings Limited Partnership (Neighbourhood) is a leading alternative mortgage lender. Neighbourhood leverages the latest industry technology and a transparent, conservative approach to lending capital to deliver fast and competitive short-term financing solutions to Canadians in search of residential properties, while consistently producing strong risk adjusted returns to investors. Neighbourhood currently offers some of the lowest alternative mortgage rates in Canada, namely in British Columbia, Alberta, Manitoba, Ontario, Québec, and Nova Scotia. For more information: www.neighbourhoodholdings.com.

Contacts

Jen Hazell
604-738-2220
jen@talkshopmedia.com