Recent Financings

Supporting vision and building businesses

Commercial lending, whether it’s for a new acquisition, renewal or construction project, is competitive and can be complex. The focus is traditionally very transactional, limited to cost of money and completing loans. At First National, we do things differently. We stress relationships. We provide deep expertise. We apply ingenuity to what we do, believing that every problem has a solution.

That is why First National is often involved in precedent-setting transactions. Leveraging our CMHC expertise, broad product portfolio, diverse specialists and responsiveness, we’ve blazed trails in financing new rental construction, general construction and burgeoning real estate businesses. That’s the foundation of our approach – going beyond just closing the deals to supporting vision and building businesses.

Our recent financings

  • Published
    Loan used to pay out existing first mortgage
    $10 Million

    240 units – Ottawa, Ontario

    • Condo inventory loan
    • Loan will provide liquidity until the remaining until are sold
    • Loan to value: 57.50%

  • Published
    Providing funds required to refinance debt
    $1 Million

    6,180 Sq. Ft. – Ottawa, Ontario

    • 5 years term and 25 years amortization
    • Loan to value: 71%
    • Conventional First Mortgage
  • Published
    Redeveloping land to townhomes
    $8 Million

    43 units – Vancouver, British Columbia

    • To assist with the acquisition of 7 conjoined plots of land
    • 21 months term, interest only
    • Loan to value ratio: 55.98%
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