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Canadian
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Canadian's Status UpdatesCanadian Funding Corp utilizes a special three-step system to find practical and effective lending solution for a wide range of funding needs. Bringing together a highly skilled team of experts to assist in the lending process, Canadian Funding Corp is able to focus on the human side of an investment, rather than baseline numbers typical banking institutions would normally consider. This specialized method allows Canadian Funding Corp to fund loans that other lending institutions would normally dismiss. Prior to completing a transaction, Canadian Funding Corp gathers information in order to examine the overall structure of the project. The firm’s preliminary step starts with Canadian Funding Corp assessing a mortgage application and all other fitting submissions, including a credit check, valuations, business plan, and etcetera. Following adequate appraisal, a contract is issued by Canadian Funding Corp charting how much it is able to invest. Later, necessary information and documentation is collected to conduct due diligence. The client is thus able to evaluate the commitment and retain the counsel of a lawyer if they so choose. After due diligence is complete and compliance with all terms are met, Canadian Funding Corp presents closing instructions to the attorneys and funds are provided to the client. Canadian Funding Corp has experienced a great deal of success attributed to their alternative methods, and it continues in its success by providing creative and personalized funding solutions that work for every client. The firm has access to a pool of corporate and private funds valuing at over 75 million dollars. Canadian Funding Corp consists of President and Founder Moishe Alexander, Bryce Coates, and Jan Luistermans. The firm is committed to their community and supports a variety of charities and philanthropic groups across the local and global community. Innovative Buildings Description of project Canadian Funding Corp presents this artcile regarding the condominium in North York as follows: Beyond the usual development objectives, the mandate for this condominium in North York was to adopt urban sustainability principles in its planning, design and construction. The ultimate goal was meeting LEED Silver Certification standards. The LEED philosophy and its five performance categories of sustainability were considered throughout all aspects of the project. Sustainable site Taking advantage of existing infrastructure while protecting greenfields and preserving habitat were guiding points from the outset. To encourage residents to live without a car, the condominium is 20 m (65 ft.) from two subway lines and has covered storage for 183 bicycles. To reduce thermal gradient differences between developed and undeveloped areas, all parking is underground. Water efficiency The plumbing system is designed with one cold and one hot water entry point for each unit. This differs from the industry standard for highrise, multi-residential buildings, in which water is distributed in vertical risers for each fixture group. Usually, this results in three or more hot and cold water entry points for each suite. This redesign of the potable water distribution system was necessary to accommodate individual suite, water sub- metering with one meter for hot and one for cold in each suite. Each suite receives a monthly bill, which encourages residents to conserve water and promote efficiency. The water meters are tied back to the utility sub-metering system. As cold and hot water are metered independently, the cost of heating water is distributed among occupants based on the amount of hot water each suite uses. As a further benefit, the direct feedback of individual water usage allows early detection of malfunctioning appliances and ensures that low-flow appliances are providing savings as expected. Performance According to Canadian Funding Corp reading of the CMHC report, the condominium’s water metering shows a 55 per cent reduction, to an average of 180 L (40 gal.) from 400 L (88 gal.) per suite per day in water use compared to buildings without sub-meters. It is believed that residents in an unmetered building, in general, will have longer showers and leave taps running longer when they rinse food, dishes, brush teeth, etc. Similar water efficiency savings have been documented nationally. It was reported in 2002 that residential units were metered in only 43 per cent of all Canadian municipalities and commercial users in only 58 per cent. Most of the municipalities that did not meter water usage were those with populations under 50,000. But some large cities, such as Toronto, Calgary and Vancouver, did not have metering in some districts. A 1972 study in Etobicoke, a suburb of Toronto, found that water use was 45 per cent higher in un-metered areas than in metered areas of comparable assessment. In Calgary, a 1984 study showed un- metered water use was 46 per cent greater than in metered residences3. And most recently, analysis of 1996 municipal water use by Environment Canada indicates that metering causes residential demand to fall by about 30 per cent in small- and medium-sized municipalities and 20 per cent in large municipalities. Energy Efficiency Canadian Funding Corp writes that the project includes measures that are not usually found in standard multi residential condominium design. Typically, these measures have a one-to two-year payback and aid in the overall control of the facility. They include variable speed drives for the corridor ventilation system, cooling towers, booster pumps and controls upgrades, including ramp snow melting and irrigation system controls. The central plant package includes upgrades to the central heating and cooling equipment and includes the chiller, boilers, distribution pumps and control system. The chiller upgrade enhances the chiller with variable speed technology on the lead chiller to allow for 0.45 Non- Standard Part Load Value (NPLV), high efficiency levels for 70 per cent of the year, when the lead chiller is capable of satisfying the condominium’s cooling load. Since the second chiller runs only for 30 per cent of the cooling season, a screw-type chiller proved most cost-effective. The CSA C743 efficiency standard has been introduced, promoting higher efficiency evels to match the latest ASHRAE 90.1 energy standard requirements. This, combined with the increased cost of steel, copper and refrigerants, has given screw-type chillers an advantage over centrifugal chillers in the sub-300 ton sizes with NPLVs of 0.50 and 0.55 kW/tons, respectively. Similarly, the lead heating boiler is a condensing type that generates a heating plant efficiency of 90 per cent boiler for 80 per cent of the heating season. The remaining heating boilers are 84 per cent efficient, copper-fin, tube-design. Domestic hot water boilers are high- efficiency condensing type, with efficiencies that are greater than 90 per cent. Distribution pumps for the two-pipe, fan-coils system operate year-round and have a two-way valve, varied loading, making them perfect candidates for variable speed control. |
