Case Summary: Ashley Park

Ashley Park

C$97.5 million Senior Term Loan

Overview

Ashley Park Operations Corp. (“APOC” or the “Company”) is one of the leading mortgage origination and services platforms for the Canadian residential real estate market. Operating with proprietary technology and with extensive knowledge of its markets, APOC offers a customizable business process management solution for multiple banks and other mortgage lenders.

Situation

Since its inception in 2005, APOC has experienced rapid growth. The Company sought a new lending partner to fund its operations and provide a return of capital to its shareholders.

Solution

Crystal acted as Administration and Collateral Agent for a C$97,500,000 Senior Term Loan.