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.

3
No. of storeys
25
No. of units
15019
Size (square feet)

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.

2
No. of Buildings
28
No. of Units
25590
Size (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.

2
Buildings
3
Storeys (each)
24
Total Units
28302
Size

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.

228
No. of units
3
No. of buildings

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.

24
No. of units

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.

15
No. of units

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.

128
No. of units
1.38
No. of acres

Canada ICI arranged CMHC MLI Select acquisition financing of Spruce View Apartments, an eight-unit multi-family building in Whitecourt, Alberta. The building is ideally located off Highway 43 and caters to a diverse rental base with one-, two-, and three-bedroom suites.

Canada ICI arranged financing for a CMHC MLI Select loan to refinance a 57-unit apartment building complex in Mirabel, Québec.

Canada ICI arranged funding for a 76-unit rental property in the McGill University area.