Artscape Triangle Lofts Mortgages

Artscape Triangle Lofts is a non-profit initiative to create  a new self-sustaining development model that permits opportunities for both ownership and rental housing, encourages a mixed-use community, supporting a range of incomes in the arts community in perpetuity.  Artscape is excited to launch the sales process for Artscape Triangle Lofts and acknowledges the tremendous leadership of the City of Toronto, and project partners Urbancorp and Active 18, in developing this new model.  Without their support and commitment, this project would not be possible.

More information about Artscape Triangle Lofts can be found at www.artscapetrianglelofts.ca

A rare opportunity for creative professionals at below-market prices
 

Project Summary

Artscape’s next innovative project designed exclusively for artists and non-profit arts professionals is the Artscape Triangle Lofts, a new condominium development of 70 units created with the specific purpose of preserving vital artist work and living space in the Queen West Triangle neighbourhood of Toronto. Scheduled for occupancy in Summer 2010, Artscape Triangle Lofts units range in size from 500 to 1,010 square feet, with a portion of these units offered for sale at costs substantially below market prices.
 

Mortgage Financing for Creative Professionals

Artscape has arranged attractive terms for unit purchasers with Creative Arts Savings & Credit Union.  We are a new banking institution formed last year to meet the needs of creative professionals.  At Creative Arts, being in the creative industry starts the conversation—not ends it, like at the banks. We understand the special circumstances of the self-employed—circumstances such as variable income, or one cheque a year. As a financial cooperative exclusively designed for artists and entertainment professionals, we are a banking solution for you, by you, and about you. Creative Arts "gets" you.
 

The Advantage Mortgage

The Advantage Mortgage at Creative Arts is aptly named because it provides a host of repayment, refinancing and money-saving advantages:

• standard range of terms available, from 6 months to 5 years
• amortization up to 35 years
• convenient pre-approval available and recommended
• fixed or variable interest rates
• rates guaranteed for 90 days from date of application
• flexible payment options - weekly, biweekly, monthly
• generous prepayment option of 20% per year at any time and any amount up to the 20%  
• early renewal option
• regular statements issued
• life, critical illness and disability insurance available

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