Urbanfund Corp. Completes $16.3 Million Refinancing of Toronto Property

Urbanfund ( (TSE:UFC) ) has issued an announcement.

Urbanfund Corp. has successfully refinanced its townhouse complex in Toronto with a new $16.3 million mortgage from First National Financial LP. This refinancing, which carries a fixed interest rate of 3.55% for five years, allows Urbanfund to repay an existing $8 million mortgage and allocate remaining funds towards general corporate purposes and future growth initiatives. This move is expected to strengthen Urbanfund’s financial position and support its strategic growth in the Canadian real estate market.

The most recent analyst rating on (TSE:UFC) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Urbanfund stock, see the TSE:UFC Stock Forecast page.

Spark’s Take on TSE:UFC Stock

According to Spark, TipRanks’ AI Analyst, TSE:UFC is a Outperform.

Urbanfund’s stock is supported by strong valuation metrics, including a low P/E ratio and high dividend yield, making it attractive for value investors. While the company shows strong profitability, challenges in revenue growth and cash flow generation need to be addressed. The technical analysis suggests a neutral outlook, with no significant bullish or bearish signals.

To see Spark’s full report on TSE:UFC stock, click here.

More about Urbanfund

Urbanfund Corp. is an Ontario-based corporation listed on the TSX Venture Exchange under the symbol UFC. The company focuses on investing in Canadian real estate and related projects, with a portfolio that includes both residential and commercial properties. Urbanfund’s assets are located in various cities across Ontario, Quebec, and Nova Scotia.

Average Trading Volume: 5,012

Technical Sentiment Signal: Buy

Current Market Cap: C$46.23M

Find detailed analytics on UFC stock on TipRanks’ Stock Analysis page.