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
    Finance of multiple properties
    $30 Million

    199 units – Bedford, Nova Scotia

    • Loan to value ratio: 61%
    • 120 days term and interest only amortization period
    • Providing a bridge loan for the borrower while CMHC reviews the application

  • Published
    Loan for refinancing of mixed-use property
    $97 Million

    300 units – Halifax, Nova Scotia

    • 10 years term and 35 years amortization
    • Loan to value: 83.8%
    • To fund an additional CMHC insured loan and shall rank pari passu with the mortgage

  • Published
    Finance the purchase of a multi-residential property
    $4 Million

    59 units – Oshawa, Ontario

    • 2 years term and interest only amortization
    • Loan to value ratio: 75%