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
    Facilitating a purchase
    $7 Million

    53 units – Etobicoke, Ontario

    • Borrower plans for major repairs and renovations to the property to achieve projected market rents
    • 2 years term
    • Loan to value ratio: 67.6%

  • Published
    Funding for purchase of the land, construction and improvements
    $5 Million

    13,880 Sq. Ft. – Orangeville, Ontario

    • A retail convenience plaza that is currently 100% preleased to five tenants
    • Conventional construction – first mortgage
    • 24 months term
    • Loan to value ratio: 68.3%

  • Published
    Obtaining funds for future investments
    $28 Million

    182 units – Edmonton, Alberta

    • Loan to value ratio: 74%
    • First mortgage – CMHC insured
    • 40 years amortization period