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Multi-family residential

Short-term (bridge) Financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years. Some borrowers choose bridge financing when they need flexibility to decide about the future of an asset (i.e. contemplating a sale, impending change in ownership structure or operational planning) or time to coordinate a standard financing option. Bridge financing typically includes floating interest rates and usually allows some form of early prepayment. Consistent cash flows and strong operational histories are key considerations for this type of financing.

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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.

Providing a mortgage loan to payout the existing bridge loan used to purchase the property

  • $11 million
  • 110 units
  • Ottawa, Ontario
  • CMHC insured first mortgage loan
  • 5 years term, 40 years amortization
  • LTV: 85%

Financing the construction take-out of a multi-residential property

  • $7 million
  • 27 units
  • Victoria, British Columbia
  • CMHC Insured First Mortgage
  • 5 years term, 40 years amortization
  • LTV: 85%

Loan used to place term debt on a multi-residential building as part of purchase of the property

  • $6 million
  • 8 units
  • Toronto, Ontario
  • CMHC insured first mortgage
  • 10 years term, 40 years amortization
  • LTV: 73.3%

CMHC insured first mortgage loan used to purchase multi-residential building

  • $2 million
  • 26 units
  • Quebec City, Quebec
  • CMHC insured first mortgage
  • 5 years term, 35 years amortization
  • LTV: 82%

Loan used for the acquisition of rental townhomes

  • $7 million
  • 32 units
  • Oshawa, Ontario
  • CMHC insured first mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 74%

Loan used to liberate equity for real estate investment

  • $3 million
  • 24 units
  • Halifax, Nova Scotia
  • CMHC Insured First Mortgage
  • 5 years term, 30 years amortization
  • LTV: 85%

Providing funds to refinance property and provide equity for future acquisitions

  • $9 million
  • 35 units
  • Vancouver, British Columbia
  • CMHC insured first mortgage
  • 10 years term, 30 years amortization
  • LTV: 68%

A short-term mortgage used to payout the existing construction loan used to build the property

  • $3 million
  • 24 units
  • Picton, Ontario
  • Conventional First Mortgage
  • 6 months term, interest only
  • LTV: 73.8%

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 third interest rate decision of 2021 and presented its new base-case projection for inflation and growth in the economy in its quarterly Monetary Report.

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Expert insights

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With provincial borders closed, the traditional drivers of demand for British Columbia’s multi-unit housing markets are gone. What does this mean to property owners and developers in 2021? Find out here.

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Borrower perspectives

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Tavish Rai, Abstract’s Chief Asset Officer and Partner, shares his perspectives about Victoria’s current evolution, Abstract’s shift in focus back to market housing and why First National’s industry knowledge and responsiveness are so valuable.

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Capital Markets update

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Neil Silverberg, Senior Analyst, Capital Markets, provides a post budget wrap-up, an overview on this week’s BoC announcement and more. Read the full commentary here.

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View other multi-family mortgage solutions

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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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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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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