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
    Refinancing debt on the property and new financings
    $3 Million

    26 units – Toronto, Ontario

    • 10 years term with 35 years amortizations
    • Loan to value ratio: 74.23%
    • Average rent per unit: $1,089
    • Borrower plans to upgrade all unrenovated units

  • Published
    Funds required to assist in the purchase of another business
    $4 Million

    71,400 Sq. Ft. – Toronto, Ontario

  • Published
    CMHC insured mortgage to refinance existing mortgage
    $1 Million

    280 units – Toronto, Ontario