Current Projects

North Saanich, BC

Financing for the acquisition of a prime 2.476 acre waterfront residential lot to be subdivided. Update: This lot has been subdivided and one of the lots sold, the remaining lot has been issued a building permit for a single family residence to be constructed. 

Grande Prairie, AB

To provide servicing costs and marketing period of Northridge Phase 7 duplex and single family dwelling lots. Great location in Northridge, close to schools, park, shopping and the new hospital. 

Squamish, BC

Land acquisition of approximately 24,000 sq. ft. The Borrower intends to build a new multi-family residential project on the site and is in the process of pre-development work. Project will be a 4 storey complex offering 38 residential rental units above commercial space. 

Sidney, BC

Land acquisition and construction funds for a new duplex, each side will have ​±1,612 sq. ft. with 3 bedrooms, 2 full bathrooms, separate laundry room, single car enclosed garage, plus decks on both north and south sides of the unit. This is a level lot with south east ocean views from second floor. 

Surrey, BC

Provide funding to further the proposed re-development of a retail building and residential apartments, currently undergoing rezoning process. 

St. Albert, AB

Funds for 120 Acre parcel of land within 5 minutes North of the City of St. Albert. This municipality is made up of farmland, world-class industrial development, and residential acreages. This parcel is designated for future development. 

North Vancouver, BC

Provide interim funding to allow time and some monies to cover additional rezoning costs. The site is located within the Edgemont "Residential Periphery" Development Planning area. The proposed development is a total of 8-units across 4 buildings each unit being 2.5 storey and 3 bedrooms. 

Victoria , BC

Acquisition funds for a long term client to purchase lot with old house thereon. In the interim, house will be up-graded and rented, with longer-term goal of acquiring neighbouring properties to ultimately build a multi-family residential development. 

Nanaimo, BC

Interim financing for a repeat client to repay existing mortgage and allow time to finalize leasing on the subject commercial building.   

Victoria , BC

Refinancing for a previous mortgage FIFS funded over subject property known as Anderson Hill Estates in Victoria. The original loan provided funds to create and service 4 view lots and renovate the original heritage house. These funds will provide construction financing to build two 4,100 sq. ft. 2 level homes on the remaining lots. 

Nanaimo, BC

Construction funds to build a 31 unit 4 storey residential rental building. This building will be constructed using pre-fab modules which should enable construction to proceed quicker than conventional wood or concrete methods.

Langford, BC

Construction financing for site servicing on 2 acre site to create 24 single family lots averaging at 2,550 sq. ft.

Saanichton, BC

Acquisition funds as a bridge finance for property including 4 townhomes, 19-bed seniors care home, plus a development lot, all adjacent to each other. 

Victoria, BC

Refinancing of a 4,520 sq. ft. lot just outside downtown Victoria in the North Park area with two story Commercial property with leased tenants. 

Langley, BC

Refinancing and pre-development costs for property in Langley, site is approx 40,000 sq. ft. which the Borrower plans to develop an 11 unit townhouse project. 

Esquimalt, BC

Refinancing for property currently in rezoning and planning stage for proposed mixed-use 11 storey tower development "Pacific House" in the central corridor of Esquimalt, BC. The sloped, full-block property will provide ocean and city views and is within access to two marinas at the entrance to the Victoria Harbour. 

North Saanich, BC

Interim financing for five single family lots each approximately half acre in size in the new Greenpark Drive Subdivision in North Saanich. This subdivision is situated on the South side of Horth Hill and is surrounded by parks and trails. 

Squamish, BC

Refinancing for an original 1958 built hotel which has recently undergone re-branding and renovation. A two-storey building with 27 guest rooms, restaurant and pub on site. Located in the heart of Squamish, within easy walking distance to shops, cafes, restaurants, city parks and the waterfront. 

Sidney, BC

Construction financing for a new 12 unit four storey mixed-use residential condo building with ground floor commercial on a main street in the downtown area of Sidney. The existing structure will be incorporated into the new design in order to preserve the historical elements of the streetscape. 

North Saanich, BC

Interim financing to acquire two single family lots and construct a new 2 story house on each lot. Both lots are fully serviced in the heart of Deep Cove, lots offer mountain, ocean glimpses and gorgeous sunsets. 

Victoria, BC

Construction financing for an existing 6,990 sq. ft. lot containing a single-family dwelling which will be demolished and replaced with 2 newly subdivided lots each with a new 2,797 sq. ft. home to be built on each lot. Property is located in the James Bay neighbourhood, one block from Dallas Road and walking distance to Downtown Victoria. The final product will have a 1 bedroom in-law accommodation or possible rental. 

Calgary, AB

Construction financing to complete project currently at lock-up stage with estimated construction completion August-September 2020. The property is located in the desirable Upper Elbow Park area with mature trees on property. 

 

The main and upper level totals 3,478 sq. ft. of development including 4 bedrooms with 3.5 bathrooms, a stunning custom built-on-site kitchen, massive walk-in pantry, butler's pantry, and two generous dining areas both formal and casual. The lower level is finished with an additional 1,466 sq.. ft. featuring 2 guest bedrooms, full bathroom, home gym, wine room, large rec room with games area and ample storage. 

Langley, BC

Acquisition financing for future development purposes. Presently the property is improved with single storey commercial retail and office space consisting of 10,504 sq. ft. with a site area of 14,636 sq. ft. 

Surrey, BC

Acquisition financing for two remaining lots in a land assembly proposed for multi-family up-zoning, forming Phase 1. Each lot is approx. 7,600 sq. ft. The site will ultimately comprise of eight apartment buildings of five and 6 storeys, developed over three phases. 

Calgary, AB

Construction funds for project currently at the drywall stage of construction. The project consists of two, semi-detached homes consisting of 1,860 sq. ft. Each with a finished basement and double garage. Located in South Calgary, in the Marda Loop neighbourhood with close proximity to downtown. 

North Saanich, BC

Loan secured over a single family residence currently under construction and now at drywall stage. Total floor plan of 2,137 sq. ft. 

Colwood, BC

Financing over a 4.95 acre residential development lot for a proposed 58 unit townhome project plus additional single family lots, currently in the rezoning and permit stage. The project will be completed in Two Phases. 

North Saanich, BC

Acquisition of the 0.51 acre property and construction funds for a water view home with 2,263 sq. ft. of main floor living. Full basement to be partially finished. Located in the Deep Cove neighbourhood. 

Victoria, BC

Rebuilding of an existing 1901 heritage house and conversion to 5 strata-titled condominiums consisting of 1-2 bedrooms ranging from 576 - 1046 sq. ft. 

Oak Bay, BC

Acquisition and construction funds for a large lot, approx 11,000 sq. ft. with potential ocean views on a quiet side street off of Beach Drive. Old house on property to be demolished and new build residence of approx. 5,800 sq. ft. to be built. 

North Saanich, BC

Acquisition of the subject property and construction thereon of a single level duplex, each side to be approx 1,400 sq. ft. plus 250 sq. ft garage on a total lot size of 8,640 sq. ft. on a quiet residential street in a good Sidney Location. 

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250-388-5441 (1-800-699-6336)

first@firstisland.com

 

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