Canada ICI arranged the refinancing for a high-density land loan. The 4.37-acre site is approved for over 1,200 residential units and has a permitted height of 60 storeys and will feature commercial and hospitality assets.
Canada ICI arranged CMHC-insured construction takeout financing through the MLI Select program for 365 Pleasant in Miramichi, New Brunswick. This property features a 38-unit residential rental component and a 1-unit commercial component. The project qualified under Tier 2 Affordability, meeting the 10-year Affordability Commitment and scoring 70 points under CMHC MLI Select criteria.
Canada ICI arranged the refinancing loan of 515 Vernon. The subject property is a 15,538-square-foot industrial/retail building located on a 1.01-acre site in Gatineau, Québec. The building is of high-quality construction and is part of a multi-tenant commercial development.
Canada ICI arranged CMHC-insured first mortgage financing for the refinance of a 15-unit residential mixed-use property with 1,246 square feet of main-floor commercial space, located in Vancouver, British Columbia.
Canada IC arranged CMHC-insured leasehold first mortgage acquisition financing of “International Plaza”. Built in 1975, the property comprises 471 rental units and over 65,000 square feet of commercial space within a two-tower complex, situated in North Vancouver, British Columbia.
Canada ICI arranged funding for a 13-storey, 91-unit mixed-use development in Victoria, British Columbia. This project introduces over 55,000 square feet of market-leading residential and commercial space, addressing the significant housing shortages in the area.
Canada ICI arranged the successful funding for two residential buildings in Gatineau, Québec. These buildings collectively offer 160,476 square feet of leasable area and 212 units. Construction for this phase (B4/B5) is anticipated to commence in Q3 2025. Residents will benefit from a comprehensive suite of amenities, including top-tier security, heated sidewalks, indoor parking, and superior soundproofing. The extensive outdoor space, spanning 40,000 square feet, features pickleball courts, fitness stations, a heated infinity pool, and a dog park. Indoor facilities, covering 12,000 square feet, provide a gym, yoga studio, lounge, coworking spaces, and secure parcel lockers with Wi-Fi.
Canada ICI arranged a conventional first mortgage for the acquisition and redevelopment of the Méga-Centre Pont Viau in Laval, Québec. This significant transaction, completed in under 30 days from the letter of intent, represents one of the largest land deals in Québec this year. The 843,785 square-foot site is planned to accommodate over 2,000 residential units within the next five years, with the first 500 units commencing construction in the next 24 months following the demolition of the existing cinema.
Canada ICI arranged construction financing for a 479-bed apartment complex, comprised of both single-room occupancy and standard rental units. This development will help deliver much-needed housing supply to the City of Toronto.
Canada ICI arranged an MLI Select refinance for Portage West apartments, a 96-unit mixed-use property located in Esquimalt, British Columbia. The transaction involved a detailed analysis of the building’s existing energy efficiency and greenhouse gas emissions, leading to the creation of a strategy for over 40% improvement in both metrics. This enabled the property to qualify for attractive MLI Select debt outcomes, while also generating long-term utility cost improvements.