First National offers you Canada’s broadest mortgage product lineup backed by our knowledgeable team of mortgage lending experts. We will consult with you to analyze your needs and develop a customized proposal detailing your loan strategy.
First National is one of Canada’s leading lenders of CMHC insured mortgages on multi-family residential properties. Our complete understanding of CMHC underwriting policies and procedures facilitates quick turnaround. Financing is available on a fixed or floating rate basis. Typical property types include: apartment, condominium, retirement home and nursing home.
First National’s conventional program provides financing from $2 million to $30 million on a fixed rate basis. Terms are available from 1 to 20 years and up to 70% of the property value. Typical property types include: multi-family (apartment, condominium, retirement home, and nursing home), retail, industrial, office and mixed-use.
The Small Loans Program provides conventional financing for up to 75% of the property value to a maximum of $3 million. It is ideal for properties such as multi-family (apartment), storefront, retail, industrial and office.
First National provides short term mezzanine and equity financing for up to 80% of the project cost for construction loans and 80% loan to value for other interim loans. This product is ideal for developers and real estate owners with a solid track record of development or re-positioning of properties.
The floating rate program provides financing with a variable rate up to 24 months. This program is ideal for clients who are looking for short-term financing to assist with construction, renovation on repositioning projects.
First National is one of Canada’s largest conventional and CMHC mortgage underwriters of health care facilities. We are proud to have underwritten over 20,000 nursing home and retirement home beds across Canada.
Mergers and acquisitions traditionally provide excellent opportunities for further growth and diversification. As a leader in health care financing, First National has been instrumental in making many of these mergers and acquisitions successful. Through our extensive relationships in the industry and our trusted fiduciary position as a mortgage underwriter, we are able to provide confidential, expert counsel to those seeking such opportunities.