Canada ICI has arranged first mortgage financing to facilitate the construction of Les Suites Marion, a 48-unit, mixed-use affordable housing development in the St. Boniface area of Winnipeg, Manitoba. The subject property will be five storeys with 4,182 square feet of main floor commercial space.
The development is intended to provide affordable housing for various groups, including new immigrants, individuals living with disabilities, and those dealing with mental health and addiction challenges. Close to half of the units have been specifically designed to cater to these groups.
Les Suites Marion represents a significant step forward in addressing the housing challenges faced by vulnerable groups in Winnipeg.
First mortgage financing has been arranged for the construction of The Adelaide, a 105-unit multi-family building located in Esquimalt, BC. Located in the beautiful West Bay neighbourhood, this site is located steps away from the Songhees Walkway and will have direct views of the West Bay Marina, Victoria Harbour, Inner Harbour and the Olympic Mountains. With the record-breaking rent growth of 7.7% in the Victoria CMA, this multi-family building will provide much-needed rental supply to the greater Victoria area.
Canada ICI has arranged first mortgage CMHC-insured financing to acquire an apartment building known as Spruce Haven, located in Edmonton, Alberta. The subject property is a 3.5-storey, wood-frame walk-up with 44 units.
Canada ICI has arranged first mortgage CMHC Select-insured financing to facilitate the construction of The Arncote, a 21-unit apartment complex in Langford, British Columbia. The property, which was formerly two lots, (2670 Peatt & 813 Arncote) has now been rezoned and combined into one title to create this new multi-family complex.
Canada ICI has arranged first mortgage CMHC Select-insured financing to facilitate the construction of a 54-unit apartment complex in North Battleford, Saskatchewan. The building is going to be located at 2424 Buhler Avenue, in the Fairview Heights area near Territorial Drive Alliance Church. There are a number of amenities nearby, and the complex will be a welcome addition to the area.
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.
Canada ICI has successfully arranged a CMHC-insured term financing to facilitate the refinancing of a newly built 42-unit apartment building in Almonte, Ontario. This three-storey development located along Johanna Street provides an exclusive luxury offering to the market with a great location near the Mississippi River.
Canada ICI has arranged first mortgage CMHC-insured financing to facilitate the construction of an apartment building located at 2772 Main Street in Winnipeg, Manitoba. The subject property will feature a four-storey, 153-unit apartment complex and is within a 15-minute drive to downtown.
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 CMHC-insured financing to facilitate the refinance of an apartment complex located along Edison Avenue in Winnipeg, Manitoba.
The subject is a newly renovated, three-storey apartment complex with 27 units located in the North Kildonan neighbourhood and is near multiple residential amenities.