land

Land

Land falls into two categories – held for the long term for future development and purchased for immediate development.

Standard financing

Standard financing offers a term of five years or more, a fixed interest rate and is typically closed to prepayment for the term’s duration.

Learn More

Short-term (bridge) financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years.

Learn More

Development / Construction

This short-term financing option enables access to a property’s equity for improvements, renovations or repairs, eliminating the need to raise funds from personal sources.

Learn More

Smart risk solutions in action for land

See how we’ve applied our financing products innovatively to help land borrowers achieve their goals with performance and value.

Loan used to purchase already zoned land for a proposed mixed use development

  • $3 million
  • 442 units
  • Saskatoon, Saskatchewan
  • Conventional First Mortgage
  • 12 months term, Interest only
  • LTV: 60%

Land loan used to fully repay an existing loan and fund an 18 month debt servicing reserve

  • $29 million
  • 189,595 sq. ft.
  • Vancouver, British Columbia
  • Land loan financing
  • 18 months term, interest only amortization
  • LTV: 55%

Funds to assist with the purchase of land and pre-development costs

  • $5 million
  • 119,001 Sq. ft.
  • Toronto, Ontario
  • Pre-development first mortgage
  • 36 months term, interest only amortization
  • LTV: 54%

Repaying existing debt and providing working capital

  • $3 million
  • 421,219 Sq. ft.
  • Drummondville, Quebec
  • Conventional first mortgage loan
  • 3 years term, interest only amortization
  • LTV: 50%

Withdrawing equity to invest in site work for scheduled developments

  • $4 million
  • 56,750 Sq. ft.
  • London, Ontario
  • 8 months term, interest only amortization
  • Conventional first mortgage - Land loan
  • LTV: 60%

Land being constructed into student housing

  • $1 million
  • 80 units
  • Lethbridge, Alberta
  • Conventional first mortgage
  • 6 months term, interest only
  • LTV: 59%

Refinancing land for mixed used building

  • $3 million
  • 66 units
  • Toronto, Ontario
  • Conventional First Mortgage
  • 16 Months term, interest only
  • $2.5 million in 2 tranches

Purchase of land and future development of a 4 storey rental building

  • $2 million
  • 8,702 Sq. ft.
  • Vancouver, British Columbia
  • Land loan financing
  • 24 months term, interest only amortization
  • The borrower to payout land loan with construction financing for a proposed apartment building

Latest resources and insights

Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.

Growth, Value and Risk

Article
The BoC made some encouraging statements about the state of the economy. Here is a summary.

View all

Expert insights

Article
Thomas Kim, Vice President and Managing Director, Capital Markets at First National shares his perspectives on recent economic and market developments and what they may mean for the future.

View all

Borrower perspectives

Article
Tavish Rai, Abstract’s Chief Asset Officer and Partner, shares his perspectives about Victoria’s current evolution, Abstract’s shift in focus back to market housing and why First National’s industry knowledge and responsiveness are so valuable.

View all

Capital Markets update

Article
Neil Silverberg, Senior Analyst with First National’s Capital Markets team reviews the latest news in rates and curves, what it means for you, the recent employment numbers and more in this week’s Market Commentary. Read the commentary here.

View all

city

Sign up for Market updates

Economic and political developments – both in Canada and globally – can impact the commercial real estate market. First National experts follow these trends closely and provide honest, real and professional perspectives into what they could mean for your portfolio.

SUNPFNWEB05