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.

A fully redeveloped retail centre with approximately 38,000 square feet of leasable space. The Borrower required high-leverage financing to facilitate the purchase and renovation of the centre. The debt facility allowed the Borrower to start the redevelopment of the building sooner than expected and resulted in the Borrower securing of a number of major tenants due to the expedient delivery of the finished space.

A multi-use office/retail site located in the heart of the city’s Arts District along the highly desirable 124th Street. At the time of funding, the building was only 10% occupied with a signed Offer to Lease for another 80% of the space. Canada ICI provided low cost takeout financing that was structured as interest only until the major tenant took occupancy and began paying rent. The five-year term mortgage was funded at 75% of stabilized value.

Shops at Boudreau is an upscale lifestyle centre located on the north side of this western Canadian city. The tenancy encompasses a mix of luxury boutiques and restaurants with second floor professional space. The project was constructed by a local developer. Canada ICI arranged a unique term loan for the property upon substantial completion, which allowed for an interim interest-only period, converting to an amortizing loan upon full stabilization, while locking in the term interest rate on day one.

The Barron Building is a landmark development located within the city’s downtown core. Built in 1949, it has over 130,000 square feet of office and retail space. The building itself is included in the Alberta Association of Architects’ list of Significant Alberta Architecture. This building was financed as a bridge facility with no income in place.