Canada ICI arranged CMHC MLI Select financing for Le590, a 25-unit high-end waterfront luxury rental property located on the Rivière des Prairies in Laval. This exceptional property offers highly luxurious apartments with ample living space for the tenants and many amenities, including water access. The project has achieved full occupancy, reinforcing the demand for high-end luxury rentals.

Canada ICI arranged CMHC-insured purchase financing under the MLI Select program for a multifamily property in Champlain, Ontario. This property qualifies under CMHC Select Tier 1 Affordability, boasting 42% affordable units and a 20-year commitment. The three-storey low-rise building features 31 units, comprising 8 one-bedroom, 15 two-bedroom, and 8 three-bedroom configurations. Totaling 25,505 square feet, the project secured 80 points under the MLI Select criteria.

Canada ICI arranged CMHC-insured construction takeout financing under the MLI Select program for a three-storey low-rise multifamily building comprising 12 units. The property also qualifies under CMHC Tier 3 Energy Efficiency criteria, scoring 50 points.

Canada ICI arranged a successful CMHC-insured construction loan under the MLI Select program for a new multi-residential apartment building in Moncton, New Brunswick. Once constructed, this wood-frame, low-rise building will feature 3 storeys and 25 units, comprising 6 bachelor units, 12 one-bedroom units, 6 two-bedroom units, and 1 three-bedroom unit.

Canada ICI arranged CMHC-insured residential financing for properties on Queen Mary Road. The project includes two buildings: a three-storey, 16-unit brick-clad masonry building covering 15,840 square feet, and a three-storey plus basement, 12-unit brick-clad detached walk-up spanning 9,750 square feet.

Canada ICI arranged CMHC-insured construction financing for a project qualifying under CMHC’s MLI Select program. This development will feature two three-storey apartment complexes, each with 12 units, totaling 24 three-bedroom units. The project meets CMHC Level 1 affordability criteria (10% affordable units) and Tier 2 energy efficiency standards, scoring 100 points.

Canada ICI is pleased to announce the arrangement of first mortgage financing to facilitate the refinancing of an apartment complex in the Ranchlands district in Calgary, Alberta.

Raintree Village Apartments comprises seven three-storey apartment buildings, with a total of 228 units, further divided into 19 residential blocks. Amenities in this area include schools, public parks, shopping malls, golf courses, and the LRT, all within a reasonable walking or commuting distance of the property.

Canada ICI arranged financing for the acquisition of Parkview Apartments, a 24-unit complex in Edmonton, Alberta’s Kensington neighbourhood. This property offers a diverse unit mix and benefits from excellent access to a wide range of amenities and major arterial routes.

Canada ICI arranged CMHC MLI Select acquisition funding for a 15-unit multifamily building in the Central McDougall neighbourhood of Edmonton, Alberta. This building offers a diverse unit mix and is ideally situated within walking distance to MacEwan University and the ICE District of Downtown Edmonton.

Canada ICI arranged first mortgage financing to facilitate the construction of an apartment building located along Notre Dame Drive in the southwest sector of Kamloops, British Columbia. The subject property will be a six-storey, 128-unit apartment building on a 1.38-acre site. The wood-frame building will be constructed on a concrete foundation.