From Don's Desk
commercial
Daycare property attracts strong re-financing interest
ACIC's Performance
Jun 07 2010
ACIC was recently paid out on a one-year, $3.3 million first-mortgage financing on a daycare property in Vancouver’s False Creek area. The property now has an appraised value of $6.5 million, resulting in a loan-to-value of 51 per cent, and is generating a strong and improved income stream. ACIC financing enabled the owner to re-develop what had previously been an under-performing strip mall.
Pemberton Financing Delivered 9.5% Over Three Years
ACIC's Performance
May 04 2010
ACIC was recently paid out in full on a first-mortgage financing of a commercial property in Pemberton, BC, just north of Whistler. The building houses an automotive and truck repair business, operated by the borrower. The $100,000 mortgage was issued in February 2007 and was used for property repairs and upgrades.
ACIC lending policies include strong safeguards
ACIC's Strategy
Mar 02 2010
The type of mortgages that most people are familiar with are residential ones, secured against a house or condo and usually held by someone who lives in the property. In contrast, ACIC issues mortgages to real estate entrepreneurs, usually secured against commercial or multi-unit residential buildings.
ACIC Paid Out on Revitalization-Supporting Loan
ACIC's Strategy
Jan 04 2010
ACIC was recently paid out on a second-mortgage financing of a property in the historic 100-block of Vancouver’s West Hastings Street. It’s located right across from the landmark Woodward’s re-development, and in an area that’s the focal point for revitalization on the city’s downtown eastside...
Daycare development has decisive location advantage
ACIC's Strategy
Nov 10 2009
A new daycare facility along the south side of Vancouver’s False Creek recently received its occupancy permit, after ACIC financing enabled the real estate entrepreneur involved to re-develop what had been an under-performing strip mall…
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