A term loan has been secured on a charming downtown commercial property, fully leased by Sonder in Montreal, QC, for a private investor.

Griesbach Village is a 75,000+ SF multi-tenant retail centre anchored by Shopper’s Drug Mart. The property is located at the northwest corner of the prominent intersection of 137 Avenue and 97 Street in Griesbach, Edmonton’s award-winning neighbourhood.

Canada ICI Capital provided a $12.3mm first mortgage with an insurance company at a very competitive rate for a nationally tenanted retail strip plaza despite current COVID-19 restrictions. The property is located in the Junction district in Toronto and was developed and managed by a repeat Canada ICI client.

Southtrail Plaza comprises three buildings totaling 58,000 sq. ft. of premier retail and office space and is located along a major arterial roadway, Calgary Trail in Edmonton, Alberta.

This property is a commercial retail pad in development in Southeast Calgary. The subject area is approximately 85,000 square feet, split between office space and retail space. The development is part of a large-scale project known as Heritage Station, a group of transit-oriented developments near light rail transit and major city traffic arteries.

Canada ICI arranged a term loan on Linden Ridge Shopping Centre, a 210,232-square foot retail shopping centre located in Winnipeg’s south end.

This is a retail space located in the heart of the Kensington neighbourhood —one of the trendiest areas in the city as well as a Business Revitalization Zone. It consists of a 9,095 square foot retail space, which is fully leased until 2027, and is located below a six-storey condo building. The space fronts onto one of the city’s 24 “main streets,” and is a ten-minute walk from downtown, making it an extremely coveted retail location.

A large retail project located in the fast-growing community in northwest of the city. The property consists of two buildings with 16 retail spaces totaling over 28,000 of leasable space. Funded by a capital provider exclusive to Canada ICI.

This was the borrower client’s first completed project. Having successfully constructed the property, we placed a conventional term loan for the client to replace their private construction loan. We were particularly proud of our efforts as the loan was placed shortly after the hotel opened without any operating history and was for an unflagged hotel in a small market. We have since gone on to grow our relationship with the client having placed a number of loans with them since.

The ALT Hotel is located in the centre of the Sports, Hospitality, and Entertainment District, adjacent to the MTS Center. The hotel has 154 modern rooms and has been built to LEED Silver Standards.