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
    Refinance to repay the existing debt
    $18 Million

    107 units – Quebec City, Quebec

  • Published
    Finance bridge loan
    $24 Million

    192 units – Langley, British Columbia

    • 120 days term and interest only amortization
    • Loan to value ratio: 66%
  • Published
    Pay out a loan used to purchase property
    $32 Million

    576,493 Sq. Ft. – Newmarket, Ontario

    • 12 months term and interest only amortization
    • Loan to value ratio: 57%
    • Interest rate: Prime + 1.75%