text: **13. Construction Loan**
  
  At December 31, 2013, the Company had access to a floating rate non‑revolving demand construction loan for the purpose of financing the 
  development of The Plaza and payments are made monthly on an interest‑only basis. The construction loan has an interest rate of prime 
  plus 0.75%. The construction loan will be repaid in full and converted into a first mortgage once rental targets have been achieved. As at 
  December 31, 2013, $14.8 million was drawn at an interest rate of 3.75% (December 31, 2012 ‑ $14.1 million at 3.68%). 