KV Capital is pleased to announce the funding of a $54.9 million construction loan for The Clifton, an 18-unit ultra-luxury condominium in Edmonton’s Old Glenora neighbourhood, developed by Autograph.
Project overview
The Clifton will deliver 18 estate residences across 12 floors, ranging from 1,730 to 4,500 square feet, with pricing from $2.73 million to $9.46 million per unit. Over 75% of the building was pre-sold prior to construction commencement, with the penthouse representing the highest recorded condominium sale in Alberta history.
The development is situated above the North Saskatchewan River valley between High Street and Old Glenora, in one of Edmonton’s most established residential neighbourhoods.
Market context
Edmonton has added approximately 200,000 residents over the past five years, driven by sustained interprovincial migration. This growth has deepened the city’s affluent buyer base while purpose-built supply at the top of the condominium market has remained structurally limited.
Strong pre-sales execution ahead of groundbreaking, in a price range with no direct comparable supply, reflects genuine demand depth, and supports the fundamentals underpinning this financing.
Construction risk is also well-mitigated for the project based on the strength of the delivery team: a Tier 1 general contractor with a specialization in this asset class is paired with Autograph’s advanced progress on entitlements, permitting, and costing.
Our approach
This project reflects a focus on backing experienced operators with a credible track record to execute differentiated product in markets with a clear demand case and a well-understood risk profile.
We are pleased to support Autograph in delivering this landmark project to Edmonton.
KV Capital Inc. is a licensed mortgage brokerage in Alberta, Ontario, and British Columbia, and a licensed financing corporation in Saskatchewan | Ontario Licenses #13465 and #13656 | Saskatchewan License #514505
