KEEPING YOU INFORMED: COVID-19 information for residential customers & commercial borrowers
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Our residential call centre is experiencing higher than normal wait times.

If you are a residential customer experiencing financial hardship due to COVID-19 and need to request a mortgage payment assistance, please submit a payment assistance request through My Mortgage.

If you are a commercial borrower experiencing financial hardship due to COVID-19, please email our Payments team at commercial.payments@firstnational.ca.

Be assured that we are committed to getting back to all of you who have contacted us.

Your patience is appreciated, and we thank you for your understanding.

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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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Subscribe to our Recent Financings newsletter

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.

Refinance the property and to repay current construction bridge loan

  • $9 million
  • 43,329 Sq. ft.
  • Longueuil, Quebec
  • CMHC Insured Refinancing
  • 10 years term, 40 years amortization
  • LTV: 85%

A CMHC insured first mortgage to refinance a twelve story rental apartment building

  • $9 million
  • 112 units
  • Ottawa, Ontario
  • CMHC Financing First Mortgage Loan
  • 5 years term, 25 years amortization
  • LTV: 57%

Refinancing property and repaying existing construction bridge loan

  • $17 million
  • 76 units
  • Sainte Julie, Quebec
  • CMHC Insured Refinancing
  • 10 years term, 40 years amortization
  • LTV: 85%

Provide construction financing to the complex

  • $34 million
  • 271 units
  • Calgary, Alberta
  • CMHC insured construction financing
  • 10 years term, 40 years amortization
  • LTV: 65%

Refinancing existing debt and executing numerous repairs and capital works for repositioning

  • $9 million
  • 141 units
  • Quebec City, Quebec
  • CMHC first mortgage loan
  • 10 years term, 35 years amortization
  • LTV: 60%

Providing a CMHC first mortgage loan to acquire apartment property

  • $13 million
  • 71 units
  • Mirabel, Quebec
  • CMHC first mortgage loan
  • 10 years term, 40 years amortization
  • LTV: 75%

Replacing existing construction financing with a new term financing

  • $18 million
  • 97 units
  • Brossard, Québec
  • CMHC insured first mortgage loan
  • 10 years term, 30 years amortization
  • LTV: 70%

Refinancing existing debt and provide funds for other corporate initiatives

  • $24 million
  • 51 units
  • Toronto, Ontario
  • CMHC insured loan
  • 10 years term, 35 years amortization
  • LTV: 70%

Latest resources and insights

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

Growth, Value and Risk

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The Bank of Canada made its first interest rate decision of 2021 and presented its latest base-case projections for inflation and growth in the Canadian economy as part of its quarterly Monetary Policy Report.

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Expert insights

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Here at First National, the year has started very quickly. After recording tremendous growth in 2020, we have set our sights on doing even more this year.

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Borrower perspectives

We spoke to Alain Grandmaison about his view of the industry impacts resulting from COVID-19, whether or not Junic has altered its vision for growth and why First National is a great fit for the new generation of developers.

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Capital Markets update

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This week’s Market Commentary provides an update on rates and curves, CHT Issuance levels and more. Read it here.

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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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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.

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