Canada ICI arranged the successful CMHC-insured financing of a mixed-use concrete building in Calgary, Alberta. This eight-storey property features 55 residential units and 14,164 square feet of commercial space between floors one, two, and eight.
Canada ICI successfully arranged CMHC-insured financing for a mixed-use apartment building in Edmonton, Alberta. Located in the mature Belvedere neighbourhood in northeast Edmonton, Fort Crossing is a concrete and steel building featuring 112 residential units and 20,814 square feet of commercial retail and office space. This property offers 155 heated underground parking stalls and 52 surface parking stalls.
Canada ICI successfully arranged CMHC-insured financing for a mixed-use development in Fort McMurray, Alberta. Formerly a hotel, this four-storey building has been transformed, bringing 10 commercial units and 72 residential units to the market.
Canada ICI facilitated CMHC-insured first mortgage financing to refinance a 19-unit, mixed-use apartment complex at 83 Ontario Street in Kitchener, Ontario.
Located in the heart of downtown, in the southern half of the City Centre District, this property involved the extensive renovation of a 1924 heritage building. The development features commercial retail spaces on the ground floor and loft-style residential suites, showcasing historic elements like original hardwood floors and exposed brick walls. This property exemplifies continued commitment and investment in the downtown core.
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 Capital arranged a CMHC-insured first mortgage (A/B loan) for the construction of a 43-unit apartment building in Salaberry-de-Valleyfield, Québec. The project was financed with a proprietary fund from Canada ICI.
Canada ICI arranged the successful funding for a CMHC Select Construction Loan to support the conversion of the Barron Building from an office tower into a 12-storey, 124-unit residential development in downtown Calgary.
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.