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
    Paying out existing loan with new short-term financing
    $21 Million

    249,230 Sq. Ft. – Longueuil, Quebec

    • Shopping plaza with gross leasable area
    • Loan to value ratio: 65%
     3 years term with 25 years amortization

  • Published
    Providing equity and funds in the property
    $1 Million

    42 units – Abbotsford, British Columbia

    • A new CMHC insured second mortgage
    • 5 years term and 30 years amortization
    • Loan to value ratio: 72%

  • Published
    Financing of servicing costs for residential development
    $7 Million

    994,295 Sq. Ft. – Mont Sainte-Hilaire, Quebec

    • 36 months open for repayment after 12 months
    • Interest only 
    • Loan to value ratio: 38%