https://www.gascon.ca/wp-content/uploads/2018/08/BloG-Droit-6.jpg 949 2000 C4 Communications https://www.gascon.ca/wp-content/uploads/2018/09/Logo_Gascon_EN-1.png C4 Communications2020-06-18 10:43:272020-06-18 10:43:28SALE OF INTEREST IN A MAJOR REAL ESTATE RENTAL PROJECT
SALE OF INTEREST IN A MAJOR REAL ESTATE RENTAL PROJECT
Gascon & associates, acting by its partner, Me Jean Proulx, represented a real estate investor in connection with the sale of its interest in a major rental property in Laval for $90 Million. As part of its mandate, Gascon’s real estate team was also required to obtain the release of the seller’s obligations towards the construction lender and prepare all legal documentation relating to the sale.
Because of the current situation surrounding the COVID-19 pandemic, all the transaction documents—including the notarized deed of sale and the documents relating to the financing issued by a major Canadian bank—were executed remotely. The cooperation of all parties involved allowed for the funds to be disbursed within a mere few days.