Standard financing offers a fixed interest rate and is typically closed to prepayment for the term’s duration. Because land assets do not produce cash flow, standard financing is only considered when the borrower’s plans to hold the land for the long term. Borrowers must prove an ability to cover the mortgage payments from other sources (cash flowing properties or cash reserves).

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Financing resources

The one place to access the latest commercial insights and news. 

Recent financings

  • Published
    Acquisition of apartment property
    $2 Million

    47 units – Montreal, Quebec

    • 5 years term and 30 years amortization
    • Loan to value: 85%
    • Interest rate: Canadian Mortgage Bond + 85 bps
  • Published
    Loan used to pay out existing first mortgage
    $10 Million

    240 units – Ottawa, Ontario

    • Condo inventory loan
    • Loan will provide liquidity until the remaining until are sold
    • Loan to value: 57.50%

  • Published
    Providing funds required to refinance debt
    $1 Million

    6,180 Sq. Ft. – Ottawa, Ontario

    • 5 years term and 25 years amortization
    • Loan to value: 71%
    • Conventional First Mortgage
  • Published
    Redeveloping land to townhomes
    $8 Million

    43 units – Vancouver, British Columbia

    • To assist with the acquisition of 7 conjoined plots of land
    • 21 months term, interest only
    • Loan to value ratio: 55.98%
  • Published
    Refinancing apartment building
    $8 Million

    62 units – Dartmouth, Nova Scotia

    • Loan to value ratio: 75%
    • 5 years term and 40 years amortization
  • Published
    Construction financing for new phase of project
    $34 Million

    80 units – Saanich, British Columbia

    • First Mortgage – Condo Construction Financing
    • The project consists of 5 buildings ranging from 4 to 6 storeys
    • 24 months term

  • Published
    Providing construction financing to develop a townhouse complex
    $5 Million

    36 units – Toronto, Ontario

    • Second Mortgage Loan – Construction Facility

    • Loan to value ratio: 54.3%
    • Loan to be funded in multiple advances

  • Published
    Repay debt on the property
    $10 Million

    37 units – West Vancouver, British Columbia

    • 8 storey, 37 unit apartment building, constructed circa 1966
    • Loan to value ratio: 69.9%
    • 10 years term, 35 years amortization

  • Published
    CMHC mortgage used in refinancing existing first mortgage
    $2 Million

    14 units – Chatsworth, Ontario

    •  A new CMHC insured first mortgage
    •  5 years term and 30 years amortization
    •  Loan to value ratio: 85%

  • Published
    Funds used for development capital
    $24 Million

    269,230 Sq. Ft. – Mississauga, Ontario

    • Portfolio of multi-tenant industrial/office buildings with a total of 269,230 Sq. Ft.
    • Conventional First Mortgage with 5 years term and 25 years amortization
    • 215 bps gross spread
    • Loan to value ratio: 65%

  • Published
    Refinancing an existing mortgage with a new CMHC insured first mortgage
    $3 Million

    21 units – Oakbank, Manitoba

    • A newly constructed 3 storey multi-family residential building
    • Loan to value ratio: 85%
    • 5 years term and 40 years amortization

  • 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%

  • Published
    Providing equity and reinvesting funds in the property
    $2 Million

    61 units – Abbotsford, British Columbia

    • 5 years term with 30 years amortization
    • Loan to value ratio: 71.5%
    • CMHC insured loan

  • Published
    Major CapEx improvements
    $4 Million

    288 units – St. Therese, Quebec

    • Renovating common areas, expanding the kitchen with new equipment, relocating the main entrance and the addition of a handicap ramp
    • Placing a second rank loan behind two CMHC insured first mortgage loans held by First National
    • Loan to value ratio: 73.7%

  • Published
    Refinancing an existing mortgage with outstanding debt
    $9 Million

    72 units – Guelph, Ontario

    • CMHC insured first mortgage to payout existing loan
    • Recapture capital expenditures already made into the property
    • Loan to value ratio: 75%
    • 5 years term and 30 years amortization 

  • Published
    Refinancing an existing mortgage and expansion project
    $16 Million

    238 units – Richelieu, Quebec

    • Two residences combine for a total of 238 units with care ranging semi-autonomous, rehabilitation and fully autonomous rooms
    • Loan to value ratio: 85%
    • 10 years term with 25 years amortization

  • 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%

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