Mezzanine Financing and Private Debt Solutions for Richmond Companies

Richmond is an island city comprised of a series of islands nested in the mouth of the Fraser River including Sea Island, most of Lulu Island, and fifteen smaller islands. Located where the Fraser River meets the Pacific Ocean, the city is 20 minutes from Downtown Vancouver and 25 minutes from the US border.

A thriving, multi-cultural hub with a population estimated at 207,500, the City is a growing urban centre with a unique mix of residential and commercial property, agricultural lands, industrial parks, waterways and natural areas.

Richmond places a priority on protecting the natural environment; the shores surrounding Richmond create an estuary border that provides habitat for fish and for migrating birds on the Pacific Flyway between the Arctic and South America. Richmond has over 90 parks that total approximately 1,400 acres in area and an additional 200 acres of interconnecting perimeter dyke trails.

With high-density residential areas, commercial centres, entertainment, shopping, recreational facilities, and home to the Richmond Olympic Oval, Richmond continues a progressive movement with a significant portion of new development concentrated around the city centre. As the former Venue City for the 2010 Olympic Winter Games, Richmond has undergone a complete revitalization and transformation following $2.5 billion in completed construction projects in recent years. (Source: Michelle Dunn, director of communications for Tourism Richmond).

City planners are implementing strategies that will make the city core more attractive, livable and walkable. The Canada Line connects Vancouver with Central Richmond and the Vancouver International Airport with a transit capacity equivalent to 10 road lanes and 16 stations and serves to link the growing residential, commercial, health, educational and other centres in the region.

The Official Community Plan encourages a diversity of housing forms at a range of different prices in order to accommodate all ages, income ranges, and family structures. A significant portion of the new development is high-density, multi-family developments concentrated around the city centre. Housing ranges from condominiums to medium priced homes, all the way up to exclusive executive waterfront residences. At its core, Richmond’s City Centre/Brighouse is a high-density multi-family housing neighbourhood showing continued growth. The 2016 Census indicated that there are 73,460 occupied private dwellings in Richmond. Single-family dwellings account for 39.6% of the housing stock, followed by apartment units (38.3%), townhouse units (19.9%) and duplex/two family dwelling units (2.2%). (Source: Statistics Canada 2016 and 2011 Census).

Local businesses generate over 100,000 jobs, positioning Richmond as a major employment centre in BC and Metro Vancouver. According to Richmond's Economic Development department, the City has a stable, strong and diversified local economy, resilient to economic cycle volatility. Nearly 13,000 businesses in a range of strategic sectors include: agrifoods, aviation, tourism, technology, filming, green, health, manufacturing and retail. (Source: businessinrichmond.ca)

Agrifoods: With an ecosystem in the Fraser River delta that creates rich, peat-based soil, Richmond is ideal for the production of various crops, most notably cranberries and blueberries. Home of the Steveston Harbour Authority and Canada’s largest small craft commercial fishing harbour, a variety of seafood products are prepared for regional and international distribution.

Aviation: Richmond is home to Canada’s second busiest airport, the Vancouver International Airport (YVR). Serving over 20 million passengers and over 271,000 tonnes of cargo annually, the airport is a major global link for both people and goods moving to and from Canada.

Green: Richmond companies in the clean technology sector are developing a variety of innovations including hybrid energy solutions for clean transportation, technology to enable energy efficiency, construction supplies for environmental protection applications, as well as green building supplies and knowledge and support services.

Higher education is well represented in Richmond with British Columbia Institute of Technology, Kwantlen Polytechnic University and Trinity Western University campuses, which specialize in aviation, technical apparel design, agriculture, and a variety of academic programs.

Business in Richmond is competitive and the bankers at Bond Capital are adept at accurately matching capital to opportunity to help you grow your business and prosper as a shareholder. We can help to build a unique business solution that will foster growth and diversity in your business.

If you are seeking an infusion of capital to stimulate company growth and help facilitate your business strategies in Richmond, Bond Capital is an experienced Canadian merchant bank and direct source of capital that offers customized total financial solutions.

We are available to dialogue with companies wishing to be guided towards a sustainable competitive advantage evidenced by growing positive cash flow, and good governance practices.

If you would like to learn more about the business loan options available to you, please contact us today. We will arrange a meeting with one of our Richmond representatives.