Insights
January 31, 2021
Insights

Canada ICI announces the appointment of Rick Bachalo as President

Commercial real estate finance firm continues to expand their national footprint with the hiring of new leadership

Edmonton, AB (February 1, 2021) – Canada ICI, one of the country’s leading commercial real estate finance firms, is pleased to announce the appointment of Rick Bachalo as president.

Rick will be joining the Canada ICI team on February 1, 2021, and his mandate will include driving growth for one of Canada’s largest mortgage origination platforms and building upon the company’s existing multi-billion-dollar mortgage asset management framework.  His proven leadership comes at a pivotal time, as Canada ICI expands their national footprint as Canada’s leader in Real Estate Capital. As president, Rick will continue to establish Canada ICI as a trusted partner in Canadian commercial real estate industry.

“We’ve had a 25-year history of rapid progression,” says Dale Klein, founder of Canada ICI. “Appointing Rick as our leader into the next phase of Canada ICI comes at an important time. His proven track record as a leader in growing cohesive teams coupled with his institutional acumen is a perfect complement to our high-driving culture. It is imperative that we continue to build value for our stakeholders through collaboration with our incredibly talented team of professionals. Rick is poised to take us there.”

Rick is widely regarded as one of the country’s most accomplished real estate finance executives, with more than 35 years of institutional equity and debt experience across North America.  Most recently, Rick served as Vice President, Mortgage Investments with Canada Life helping to lead one of Canada’s most influential debt capital programs.

“The next phase of the journey starts now,” explains Rick. “The organization already has a robust infrastructure that is designed to grow and manage mortgage portfolios on scale. The next decade is about refining Canada ICI’s potential. This is about expansion and growth with a team that already knows how to win.”

For more information on Canada ICI Capital Corporation, visit www.canadaici.com.

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About Canada ICI

Canada ICI is one of the country’s leading commercial real estate finance firms, annually arranging financing in excess of $4.5 Billion through its offices in Toronto, Calgary, Edmonton, Ottawa, and Winnipeg.  

About Canada ICI Origination 

Canada ICI is one of Canada’s largest mortgage origination platforms that sources and structures high-quality commercial mortgages. As an origination firm with a national footprint, CICI is at the forefront of Canada’s commercial real estate market funding over 1.5 loans for every business day of the year. Canada ICI is always in the market, giving borrowers unparalleled access to capital, and lenders a consistent volume of high-quality loan opportunities. 

About Canada ICI Asset Management Group 

Canada ICI’s AMG group provides loan servicing clients an end-to-end solution to grow and scale a high-quality commercial mortgage portfolio. AMG’s key strength is underpinned by decades of mortgage management and servicing experience protocols, and offers solutions designed to meet the unique needs of discerning institutional investors.  

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