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.