Asset Type: Mixed use, Retail/Office
Features: Coveted location, Arts District


Limelight 124

A multi-use office/retail site located in the heart of the city’s Arts District along the highly desirable 124th Street. At the time of funding, the building was only 10% occupied with a signed Offer to Lease for another 80% of the space. Canada ICI provided low cost takeout financing that was structured as interest only until the major tenant took occupancy and began paying rent. The five-year term mortgage was funded at 75% of stabilized value.

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Canada ICI Edmonton