First National Financial LP
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.

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Short-term (bridge) financing

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

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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.

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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.

To replace the existing land financing

  • $3.5 Million
  • 25,619 sq. ft.
  • Victoria, British Columbia
  • Conventional Mortgage
  • 1 year term, amortization Interest only
  • LTV: 43.00%

Loan to redevelop the site with two mixed used buildings

  • $18.4 Million
  • 98,010 sq. ft.
  • Mississauga, Ontario
  • Loan financing
  • 3 years term, interest only amortization

To provide land financing while the borrower completes the required financial zoning

  • $9.5 Million
  • 152,890 sq. ft.
  • Toronto, Ontario
  • First mortgage loan
  • 18 months term, interest only amortization
  • LTV: 67%

Bridge loan to provide capital

  • $5 million
  • 155,945 sq. ft.
  • Guelph, Ontario
  • Conventional purchase
  • 1 year term, Interest only
  • LTV: 63%

Bridge loan to provide capital for land purchase

  • $6 million
  • 36,590 sq. ft.
  • Brampton, Ontario
  • Conventional purchase
  • 1 year term, Interest only
  • LTV: 63%

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%

Latest resources and insights

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

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