Bridge financing for land

First National’s bridge loans are ideal for borrowers who have yet to secure construction financing or who need the time and flexibility to plan the best future use of their land.

First National’s bridge loans are short-term in nature and used until construction financing is secured. Some borrowers choose bridge financing when they need the flexibility to plot the future of their assets.

Bridge financing includes floating interest rates and usually allows some form of early prepayment.

A borrower’s expertise, net worth and liquidity, location and quality of the site are key considerations for this type of financing.

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An overview of recent First National financings across geographies and asset classes, including a brief summary of deals and the financing amounts.

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%

View all recent financings

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Construction financing

A First National construction loan provides funds to cover the cost of building or rehabilitating a property with terms typically of three years or less.

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