Canadian Funding Corporation |
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Canada |
About Canadian Funding Corporation
Introduction
Canadian Funding Corporation is an alternative funding source upheld by a committed panel of diligent, licensed financiers. Canadian Funding Corporation has earned a respected reputation for itself by offering inventive lending services to clients across Canada and the United States.
Funding Since 2006
Since their establishment in 2006, Canadian Funding Corporation has accommodated loans for a multiplicity of properties, including retail and office building developments, as well as single-family suburban growths. Canadian Funding Corporation is backed with well over $70 million in private funds at its disposal, allowing them both support and freedom to work with individuals and small projects. Although its private funding support is significant to its operation, Canadian Funding Corporation is supported by even greater funding delivered by corporate investors, which it uses in large lending conditions.
Experts in their Field
The expert team at Canadian Funding Corporation is comprised of Founder and President Moishe Alexander, Jan Luistermans, Chris Rantanens, and Bryce Coates. Each member of the panel utilizes a combination of skill and understanding of the industry to look at a client's particular case from various angles, forging a customized solution addressing their specific needs. This method allows Canadian Funding Corporation to achieve the best possible deal for its clients.
Reaching Financing Goals
When clients come to Canadian Funding Corporation seeking a loan, they will eventually be given access to services through the right investor that approves and complements their individual financing goals. Its inbuilt support structure creates loyalty among Canadian Funding Corporation customers that helps CFC-funded projects reach success.
In their Local Community
Supplementing their successful business efforts, the team at Canadian Funding Corporation has also instituted the business practice of giving back to the community. Through their commitment and support of a variety of charitable organizations and causes, Canadian Funding Corporation has assisted in offering dire aid to families in need of food, shelter, and clothing. Canadian Funding Corporation generously contributes to organizations such as Chabad-Lubavitch, the United Chesed Charity, the Jada Foundation, the Canadian Cancer Society, and the Humane Society. They also support various synagogues around Toronto, several seminaries in Israel, and many youth programs and schools in the local community.
Canadian Embassy Housing Projects
Canadian Funding Corporation is involved in the review and update of 5 residential buildings in Tokyo, Japan. In 1998 the Government of Canada commissioned the design and construction of 5 residential buildings located on three sites in Tokyo to provide housing for Canadian embassy staff. These buildings were constructed to replace older housing that had been found to be inadequately earthquake resistant to meet current standards. The projects were designed by Davidson Yuen Simpson Architects of Vancouver and were constructed by Chiyoda Corporation of Yokohama. The buildings were required to meet both the National Building Code of Canada and the Japanese Building Law. All buildings are located in a one-hour fire zone and are be among the largest wood frame buildings constructed in this type of fire zone. Multifamily buildings of this type in Tokyo are typically reinforced concrete construction. Sunlight access, building envelope durability, local zoning bylaws, neighbour's concerns regarding privacy as well as the functions of the buildings all contributed to the final building forms. The projects are located in the Motoyoyogi, Azabu and Aoyama districts and consist of the following:
Climate
Canadian Funding Corporation is aware that Tokyo's climate is relatively mild and dry in the winter with about two weeks of snow but very hot and humid in the summer. The graphs below compare average air temperature, outdoor relative humidity and solar radiation for Tokyo, Vancouver and Toronto.
Due to Tokyo's cool winters, hot humid summers and wind driven rain (typhoon) buildings are subjected high levels of moisture both in liquid and vapour form. In the winter indoor moisture is driven by, both vapour diffusion and air leakage towards the exterior. In the summer, the vapour drive is reversed with high exterior humidity moving inward due to vapour diffusion and air leakage.
Design Requirements
The primary requirement for these buildings is to provide living environments that Canadian Funding Corporation would typically expect for Canadian residents. In addition it was required that the units be designed to allow for more at home social functions required of members of the diplomatic corps.
The Government of Canada also required that the buildings to meet high levels of energy efficiency, thermal comfort, and durability and provide excellent indoor air quality. International Eco House Inc. of Vancouver was retained as special consultant to assist the project architects in these areas.
To meet these goals, states Canadian Funding Corporation, all the buildings utilized Canadian 2 x 6 platform frame construction combined with the following technologies:
• Structural air barriers
• Super insulation
• High efficiency heating and cooling equipment
• Energy recovery ventilation
• Low toxicity finishes
• Pressure equalized rain screens
Canadian Funding Corporation Describes the Air Barrier System
The wall structural air barrier consists of a self-adhering polyethylene backed membrane (peel and stick) applied over all the exterior plywood sheathing and joints. This type of air barrier has a several advantages including that the numbers of penetrations of the air barrier are kept to a minimum, the air barrier can withstand high wind loads and it is highly durable. Because the membrane is also a vapour barrier, it is sandwiched between two layers of insulation to prevent condensation from forming during both heating and cooling seasons. The structural air barrier also aids wall durability by preventing wind-driven rain penetration through pressure equalization of the rain screen cavity located behind the stucco cladding. The membrane is also a waterproof barrier to any water that does get into the wall cavity by other means. The location of the air barrier at the sheathing line allows all wiring and plumbing to be installed without need for air sealing water supply lines, waste water lines and electrical boxes. Refer to the wall section below.
The performance of the wall assembly with regards to moisture accumulation summer and winter was modelled using CMHC's EMPTIED and Condense also a Canadian developed moisture modeling program.
The ceiling air barrier consists of the ceiling drywall that is systematically sealed at all electrical boxes, plumbing and wiring penetrations and interior wall intersections, making it continuous across the entire ceiling. The ceiling air barrier is in turn is sealed to the wall air barrier. A polyethylene vapour barrier was applied beneath the drywall.
The concrete floor slab acts as the floor air barrier.
The Azabu and Aoyama buildings, according to Canadian Funding Corporation, were framed on site and the Motoyoyogi building was assembled from prefabricated panels shipped from Canada. For the builder to gain a complete understanding of the wall and roof assembly and to work through construction sequencing a mock-up was built off site prior to construction. The use of the mock-up led to some refinements in the wall assembly construction.
The air barrier systems were tested twice during construction once pre-drywall and the second time upon completion. According to the project's specifications, the maximum normalized leakage area allowed is 1.1 cm2/m2 when tested according to CAN/CGSB-149.10 - M85 "Determination of the air tightness of building envelopes by the fan depressurization method". In other words for every square meter of outside building skin (exterior wall, floor and ceiling areas combined) there can only be a maximum of 1.1 square centimetres of air leakage.
The first air tightness test was conducted with all intentional openings sealed, all exterior doors and windows closed and using one fan door with openings left in partition walls and floors between units. This way the entire building envelope could be tested at once.
For the second test, large diameter ducts were run to a central plenum from each apartment or town house and a singe fan door was used. This again allowed testing of the builds as single units.
According to Canadian Funding Corporation, the first airtightness tests revealed air leakage in the first building completed, on the Aoyama site, after detailed investigation the air leaks were located in the split level wall/ceiling connection and corrected. Drawing on the experience with the first building, the contractor was able to construct all the remaining buildings to a level of airtightness that allowed them to pass the test the first time. The final airtightness test values ranged from a normalized leakage area of 0.43 cm2/m2 to 1.09 cm2/m2 and 1.07 ACH@ 50 Pa to 1.8 ACH at 50 pa pressure difference.
Canadian Funding Corporation presents this innovative building solution with thanks from the records of Canada Mortgage and Housing Corporation.
Backgrounder on Lending in Canada: The Operating Environment of the Canadian Funding Corporation
Canadian Funding Corporation’s lending approach is centred on the particulars of the Canadian financial system. Canada largely avoided the financial crisis of 2008 through restrictive lending regulations that have ensured the solvency of Canadian businesses, lending institutions, and consumers. In fact, Canada’s approach has been proposed as a model for the rest of the world. The Americans and Europeans have pressured Canada to adopt a global bank tax being proposed to prevent future financial meltdowns, but Canadian Prime Minister Stephen Harper has resisted these overtures, claiming that Canadian regulation “does the job better” than the proposed reforms.
As Canada’s banks and lending institutions are highly regulated, they are also by necessity highly conservative. Since 2008, many creditworthy individuals and businesses in Canada have had trouble accessing financing because lenders have increased their qualifying requirements in order to protect themselves from risks in the international market.
Working within this regulatory environment, Canadian Funding Corporation secures financing for individuals and companies with strong business plans or high credit worthiness but that have been turned down elsewhere because they are not traditional borrowers.