Canada ICI arranged CMHC-insured purchase financing under the MLI Select program for a multifamily property in Champlain, Ontario. This property qualifies under CMHC Select Tier 1 Affordability, boasting 42% affordable units and a 20-year commitment. The three-storey low-rise building features 31 units, comprising 8 one-bedroom, 15 two-bedroom, and 8 three-bedroom configurations. Totaling 25,505 square feet, the project secured 80 points under the MLI Select criteria.
Canada ICI arranged CMHC-insured construction takeout financing through the MLI Select program for 365 Pleasant in Miramichi, New Brunswick. This property features a 38-unit residential rental component and a 1-unit commercial component. The project qualified under Tier 2 Affordability, meeting the 10-year Affordability Commitment and scoring 70 points under CMHC MLI Select criteria.
Canada ICI arranged CMHC-insured construction takeout financing under the MLI Select program for a three-storey low-rise multifamily building comprising 12 units. The property also qualifies under CMHC Tier 3 Energy Efficiency criteria, scoring 50 points.
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.
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.
Canada ICI arranged the refinancing loan of 515 Vernon. The subject property is a 15,538-square-foot industrial/retail building located on a 1.01-acre site in Gatineau, Québec. The building is of high-quality construction and is part of a multi-tenant commercial development.
Canada ICI arranged funding of a blanket first mortgage loan over four (4) industrial assets located in Brampton and Cambridge, Ontario, as well as Montréal, Québec. Each asset is located in a strong business industrial park with functional access, excellent site coverage, and ample parking. On an aggregate basis, the total leasable square footage is 876,390 square feet, situated on ~43.93 acres of land.
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.
Canada ICI arranged the successful funding for five residential buildings, comprising 40 units and 35,710 square feet, located in Gatineau, Québec. This refinancing qualified under CMHC Tier 1 Affordability, achieving 80 points against the established criteria.