Canada ICI Capital Corporation is pleased to announce the successful CMHC ACLP financing arrangement for the construction of Le Bohar, a 276-unit residential building in Vaudreuil-Dorion’s Harwood sector. This two-phase development will provide affordable housing and a wide range of amenities, including an urban chalet, coworking spaces, a fitness centre, an interior courtyard with a swimming pool, and a pickleball court.
Canada ICI has successfully arranged construction financing under the CMHC MLI Select program for a 545-bed apartment complex comprising both single-room occupancy and standard rental units. This development will help deliver much-needed housing supply to the City of Toronto.
Canada ICI is pleased to announce the successful arrangement of a financing package consisting of a CMHC-insured first-ranking mortgage and a conventional second-ranking loan to support the acquisition of Manoir Pierrefonds in Montréal, Québec. The retirement residence comprises 182 suites and offers quality housing and care services for seniors.
Canada ICI is pleased to announce the successful funding of a Conventional Construction financing for Panora, a two building, 10 storey, 398-unit development in the Plateau area of Gatineau, QC. The project is located at 275 Bruxelles Street in the Plateau neighborhood of Gatineau.
ICI is pleased to announce that we have arranged first mortgage CMHC-insured financing to facilitate the construction of an 89-unit apartment complex, located in Surrey, BC. The project will provide affordable units through the CMHC Select program.
Canada ICI is pleased to announce CMHC first mortgage financing to facilitate the construction of a multi-family development located in Winnipeg, Manitoba. The subject property is a 1.54-acre parcel located at the corner of a light-controlled intersection along Sterling Lyon Pkwy in Winnipeg’s southwest quadrant. The site will be developed with a 7-storey concrete multi-family building containing 162 dwelling units.
Canada ICI is pleased to announce the first mortgage financing to facilitate the construction of a 2.34-acre multi-family development in Nanaimo, BC. The site is well located, approximately 600m northeast of Vancouver Island University, and within 1.5km of Nanaimo’s CBD. The site benefits from its proximity to all the associated University amenities such as sports fields, shopping centres, a hockey arena, and an aquatic centre. The proposed buildings will be 5 and 6 stories in height, containing a combined total of 171 units.
Canada ICI arranged CMHC-insured construction financing for a portfolio of three purpose-built rental developments in Ottawa, Ontario. Located in the Orléans neighbourhood, these four-storey buildings will deliver a total of 64 units upon completion. Well-located near key transit and amenities, these developments offer a mix of suite types to serve a range of housing needs and are designed to meet CMHC MLI Select standards for affordability and energy efficiency.
Canada ICI is pleased to announce the successful funding of a CMHC MLI Select New Construction financing for Forest Heights, two towers totaling 350 units. The project is located at 365 Forest Street in the Lincoln Heights neighborhood, located north of Highway 417.
Canada ICI arranged CMHC MLI Select construction financing for a three-storey residential property in Brandon, Manitoba. This 22,380-square-foot development features 16 units. Qualification for funding was achieved through the Tier 1 Affordability and Tier 2 Energy Efficiency criteria.