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.
An overview of recent First National financings across geographies and asset classes, including a brief summary of deals and the financing amounts.
See how we’ve applied our financing products innovatively to help multi-family borrowers achieve their goals with performance and value.
CMHC Insured first mortgage purchase of the property
New CMHC insured 1st mortgage to payout existing construction
A new CMHC insured first mortgage used to refinance the existing mortgage
Pari-Passu Mortgage
Proceeds from this loan will be used to payout the existing First National, CMHC insured first mortgage
The loan will be used to renovate 24 units over 4 years.
To finance the acquisition of a residential and commercial portfolio
Bridge-to close followed by CMHC loan Bridge:
CMHC loan:
A CMHC Insured First Mortgage on the subject property
Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.
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First National’s standard financing programs are favoured by borrowers when acquiring a new property or refinancing an existing building. Loan terms typically range from three to five years, have a fixed interest rate, and are closed to prepayment for the term’s duration.
First National’s bridge loan terms usually range from three months to three years, include floating interest rates and allow some form of early prepayment. Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or enhance their tenant roster.
First National enables owners to access a property’s equity for a short term, typically two years or less, to fund capital improvements or repairs without the need to raise capital from personal sources or less flexible, higher-cost alternatives.
A First National second mortgage enables borrowers to access property equity and use it to purchase another asset or renovate/repair their existing property.
A First National construction loan, whether CMHC insured or conventional, provides funds to cover the cost of building or rehabilitating a multi-family property with terms typically of three years or less.
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.