Canada ICI has arranged construction financing for the development of a 57,100 SF industrial building in Edmonton, Alberta known as Roper Crossing. The financing will allow the developer to commence construction of the project on a fully speculative basis.
Roper Crossing will offer investors an opportunity to own “first-in-class” industrial space in southeast Edmonton, with unit sizes ranging from 6,000 SF to 10,250 SF. The project will allow purchasers to invest in a well located, well constructed, functional, industrial space.
Inventory financing has been arranged for The Theodore, a newly completed 10-storey building located in Calgary, Alberta. This mixed-use building has 117 residential units and 8,700 SF of ground floor commercial space. The loan provided working capital to the borrower as they continue to sell the remaining residential units.
First mortgage CMHC-insured financing has been arranged by Canada ICI to facilitate the construction of a 90-unit residential mixed-use complex located along Osborne Street in Winnipeg, MB.
The six-storey building will have ~7,000 SF of main floor commercial space, bringing a vibrant pedestrian-friendly main floor level to this corner of Osborne Village.
Canada ICI has arranged first mortgage financing to facilitate the construction of The Allure, a two-building, mixed-use residential complex in Winnipeg, Manitoba. The six-storey building includes 7,201 sq. ft. of main-floor commercial space, in addition to 155 purpose-built residential units. The Allure will have a suite mix of one, two, and three-bedroom suites, that are modern and spacious, featuring private balconies, in-suite laundry, and walk-in closets.
First mortgage financing has been arranged by Canada ICI to facilitate the refinance of an apartment building situated at 7 Evergreen Place in Winnipeg, Manitoba. The 26-storey high-rise building includes 174 residential units and 19,209 sq. ft. of commercial space.
The asset is located in the Osborne Village, a popular destination with one-of-a-kind shopping boutiques, unique restaurants and live music venues. The north-facing suites overlook the picturesque Assiniboine River, while southern facing suites look towards the vibrant Osborne Village.
Canada ICI has arranged first-mortgage financing to facilitate the refinance of a multi-tenant asset known as 54-70 Arthur, located in the Exchange District of Winnipeg, Manitoba. The property is a seven-storey restored heritage-designated office and retail building incorporating a rentable area of 129,971 sq. ft.
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.