and up to 30 years on new construction
Social Purpose Real Estate Financing
Building affordable and sustainable communities
Purpose-driven real estate is a powerful tool for positive change.
VCIB provides construction, term, and acquisition financing for commercial real estate developers that are committed to building affordable and sustainable communities across Canada. We call it social purpose real estate.
Loan Features
Typical
loan size:
loan size:
$2M - $45M+
Loan to value:
Up to 75%
Term:
1 to 5 years
Amortization:
Up to 25 years,
Interest rate:
Fixed and
variable
variable
What
we finance
Affordable
housing
Green
buildings
Arts, culture &
community spaces
Non-profit
properties
Cooperative
housing
Heritage
buildings
Investor Owned Real Estate
Owner Occupied Real Estate
What
we offer
Construction
Financing
Term
financing
Bridge
financing
CMHC Insured
financing
Acquisition
Financing
To learn more about our rate structures and financing options, . Or tell us about your project and get started today.
Social Purpose Real Estate Info Package
To download the Social Purpose Real Estate Package, please fill out the following form.
Affordable Housing HISA
Get a prime-linked rate and access your funds whenever you need them–without penalty. Plus, your deposits help finance mission-driven projects in your community.
Tim Jones
CEO, Artscape
"We've had to do some creative work to make these projects happen. Where other mortgage lenders weren't prepared to look beyond their standard formulas, VCIB was willing to spend time to understand our model and work through challenges."
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Joe Deschênes Smith
Founder, Trillium Housing
“By providing us the best construction financing deal — better than what we got from other lenders — VCIB reduced our project costs, which directly provides greater financing for our Trillium Mortgages.”
Learn More
Heather Tremain
CEO, Options for Homes
“When we started to look for financing for this project, we looked to VCIB. They’ve been very supportive of our projects in the past and have been an important partner in supporting us to achieve our mission.”
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Duncan Ramage
Partner, Forum Equity Partners
“Right away we knew that the VCIB team was in this for the same reasons we are, but they also bring a certain level of expertise in areas that we’re seeking further growth in, like sustainable infrastructure and affordable housing.”
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To date, we have financed:
57
social purpose real estate projects
2196
units of new or preserved affordable housing
547525
sq.ft.
of non-profit, co-working, cultural and community spaces
Environmentally conscious real estate
To complement our social purpose real estate financing, our team of experts offer specialized lending for multiple energy efficiency retrofit projects and renewable energy solutions.
Meet our real estate financing team
Our real estate experts provide reliable and flexible financing to meet the specific needs of your project. We approach project-specific complexities with creativity, positivity, and a spirit of partnership.
Anne Bastiampillai
Senior Manager, Commercial Real Estate
Eric Visser
Director, Commerical Real Estate
Trish Nixon
Managing Director, Climate Finance
Let’s talk
Our team of experts covers a wide range of real estate projects. Download our to learn more, or tell us about your project’s needs and get started today.
Social Purpose Real Estate Info Package
To download the Social Purpose Real Estate Package, please fill out the following form.
Ready to get financing for your project?
Vancity Community Investment Bank is a member of CDIC and is a Certified B CorpTM