First National Financial LP

Multi-family residential

CMHC financing

Typically, CMHC-insured financing offers lower interest rates and longer amortizations, enabling borrowers to manage cash flow more effectively and realize higher returns.

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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 multi-family

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

The proceeds of this loan will be used to facilitate the purchase of the property

  • $9 Million
  • 58 units
  • Nanaimo, British Columbia
  • CMHC insured first mortgage loan
  • 10 years term, 40 years amortization
  • LTV: 80.8%

Provide term financing for the newly constructed building once complete and stabilized

  • $8 Million
  • 52 units
  • Fredericton, New Brunswick
  • CMHC insured first mortgage loan
  • 5 years term, 30 years amortization
  • LTV: 75%

A CMHC term loan to pay-out the 6-month interest only Bridge loan First National issued to assist with the acquisition

  • $1 Million
  • 9 units
  • Calgary, Alberta
  • CMHC term first mortgage loan
  • 5 years term, 35 years amortization
  • LTV: 85%

Provide financing for property for CMHC insured first mortgage

  • $6.8 Million
  • 25 units
  • Montreal, Quebec
  • CMHC insured construction loan
  • 5/10 years term, 40 years amortization
  • LTV: 91.8%

Refinancing existing construction loan

  • $13 Million
  • 68 units
  • Bedford, Nova Scotia
  • CMHC insured first mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 75%

Pari Passu first mortgage loan

  • $16.2 Million
  • 25 units
  • New Westminster, British Columbia
  • CMHC financing first mortgage loan (top-up)
  • 5 years term, 36 years and 7 months amortization
  • LTV: 65%

Funds to pay off the existing debt and acquisition of future properties

  • $3.8 Million
  • 31 units
  • Saint John, New Brunswick
  • CMHC insured first mortgage loan
  • 5 years term, 40 years amortization
  • LTV: 65%

Loan to retire the existing loan to go towards of addition properties

  • $2.1 Million
  • 16 units
  • Beauharnois, Quebec
  • CMHC insured first mortgage loan
  • 5 years term, 35 years amortization
  • LTV: 67.99%

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

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View other multi-family mortgage solutions

Standard Financing

Standard financing is usually considered when borrowers are acquiring a new property or refinancing an existing one and want longer-term financing with predictable payments.

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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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Repositioning / renovating financing

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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Secondary financing for multi-family residential property

Second mortgages are often used to access equity in a property when a borrower wants to purchase another asset or renovate/repair a property.

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Development / Construction

A construction loan helps borrowers manage periodic payments for contract work during the building of a real estate asset.

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