Canada ICI arranged CMHC-insured term financing for a 61-unit rental apartment called Garrison Watch in downtown Halifax on behalf of an institutional client. The property is well positioned in the downtown core of the Halifax Peninsula, along Sackville Street.
Residents will enjoy downtown Halifax’s dining and entertainment amenities, are a short walk away from several parks and the waterfront.
Canada ICI arranged CMHC-insured term financing for a 45-unit rental apartment in downtown Halifax on behalf of an institutional client. The property is located in the downtown core of the Halifax Peninsula, along Brunswick Street.
Canada ICI arranged land financing for a 1.57-acre parcel in Guelph, Ontario. The structure provided working capital for the pre-development of an 8-storey, 110-unit purpose-built rental project at the intersection of Gordon Street and Arkell Road. The new development, close to the University of Guelph, will have a mix of bachelor, one-bedroom and two-bedroom suites.
The building is situated on a site formerly home to a gas station and has been vacant for several years. The new development will bring much-needed rental housing to the downtown core and help to revitalize the neighbourhood.
Land financing has been arranged for a 0.34 parcel prominently located at King and Berkeley.
The structure provided working capital to be used in the entitlement process for the application of a 34-storey condo featuring direct access to the future Corktown Subway Station.
Construction financing has been implemented for a 105-unit condominium project at RED Mountain Ski Resort known as “The Crescent.”
This resort has been named the number one ski town in Canada for the second consecutive year, in addition to being crowned as the mountain bike capital of Canada.
The project represents a market-leading product in the alpine recreation space of Central BC. Financing is being placed with a syndication of four lenders.
Smith Street Lofts was a repurposed building stripped down to the superstructure and reconfigured to make space for beautiful lofts and extensive amenities. This 20-storey building brings 251 rental units, 2,933 SF of commercial space, and a 215-stall parkade to the highly sought SHED (sports, hospitality, entertainment district) in downtown Winnipeg.
The developer has invested significantly into progressive lifestyle-oriented amenities and common area spaces. Tenants will enjoy 24-hour on-site presence and concierge app, a yoga studio, a theatre, a games room, a lounge, a library, and even a dog run, just to name a few.
Vernon Street is set to feature this 125 unit seniors’ facility in Nelson, BC.
The project will offer rental units to seniors and access to assisted living services.
The six-storey building is planned to rise four floors above Vernon Street with two storeys at and just below street level – the lowest being a parking level. Commercial space occupies the street level, while apartment rentals will populate the upper four.
Northwest Health Centre is a three-storey medical building, totalling 25,936 square feet and situated in Calgary’s expanding Northwest.
Canada ICI arranged the assumption of a CMHC insured first mortgage to aid in the purchase of 703 St. Anne’s, a 33-unit mixed-use apartment building in Winnipeg, MB.
Canada ICI is pleased to announce the successful funding of a 10-storey, mixed-use building with 214-unit rental apartments and 14,169 SF of commercial space. Ruth Gardens is located in Winnipeg, MB.