Projects
55C Residences
Canada ICI was able to arrange a ~$288mm Construction Loan on behalf of one of Toronto’s leading development firms for their upcoming project 55C Residences – a 651 unit residential high-rise which began construction in fall 2020.
The loan was negotiated in the weeks leading up to the COVID-19 pandemic and was finalized, committed, and funded during the government mandated lockdown.
The loan is comprised of a syndicate of five institutional lenders which included a leading life insurance company, credit union(s), and Canadian subsidiary’s of foreign banks.
651
No. of units
48
No. of floors
627000
No. square feet
For more information, contact our office
Canada ICI Toronto
- P: 647.252.5380
- F: 647.252.5381