From Don's Desk
commercial real estate
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 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...
Tenants quality is key to commercial financing
ACIC's Strategy
Aug 03 2009
Commercial real estate financings are an important part of ACIC’s diversified investment strategy and currently make up about 40 per cent of our mortgage portfolio. Yet there’s been a fair bit of uncertainty expressed lately about this sector of the real estate market…
Demand for Commercial Real Estate Financing on the Rise
Market News
Jun 01 2009
With the residential real estate market appearing to be re-stabilizing, more attention is shifting to the outlook for commercial properties…
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