Construction
Canada ICI has secured financing for construction of all types of real estate assets, including office, retail, industrial, multi-family residential rentals, condominium, seniors living facilities and hotels. We are able to provide interim construction and takeout mortgages, with interim construction funded on a cost-to-complete basis. Typically we will arrange for a loan amount between 75% - 85% of the construction cost, with a takeout amount typically up to 75% of the value after completion.
	Name:  The Peaks in Radium (Phase II) Address:  Foresters Landing Road, Radium Hot Springs, BC Value:  $5,194,000 Phase II Comments: CMHC Insured Construction / Project is being constructed in three phases of which, 90% of Phase I is sold
	Name:  Tauca Lea by the Sea Address:  Ucluelet, BC Value:  $4,650,000
	Name:  Park Place Address:  1950 Durin Road, Kelowna, BC Value:  $20,500,000 Comments: 85% Loan to cost