First National Financial LP
office

Office property

An office building is a property where tenants rent out space to conduct business. Examples include single-tenant properties, small professional buildings or large skyscrapers. These properties can include amenities designed to make tenants’ lives more convenient, including food court, copy services, express mail collection, fitness centres or child-care centres. This type of asset typically attracts a more sophisticated buyer as a result of the risk profile and operational complexities.

Standard Financing

Standard financing offers a term of five years or more, a fixed interest rate and is typically closed to prepayment for the term’s duration.

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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

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

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

Construction financing is available for condominiums, retail, office, industrial, retirement and purpose-built apartments. 

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Smart risk solutions in action for office

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

Refinance a first and second mortgage

  • $94 Million
  • 176,624 sq. ft.
  • Vancouver, British Columbia
  • Bridge loan/construction takeout financing
  • 2 years term, interest only amortization
  • LTV: 52.7%

To refinance existing debt on the subject property and to provide equity for capital improvements at the subject property

  • $4 Million
  • 30,181 sq. ft.
  • London, Ontario
  • Conventional loan financing proposal
  • 5 years term, 25 years amortization
  • LTV: 69%

Construction financing for an eight level office building

  • $75 million
  • 137,800 sq. ft.
  • Vancouver, British Columbia
  • Conventional first construction mortgage
  • 3 terms years, interest only amortization
  • LTV: 48%

Provide acquisition financing for office building for purchase

  • $7 million
  • 27,911 sq. ft.
  • Bolton, Ontario
  • Conventional first mortgage
  • 5 years term, 25 years amortization
  • LTV: 67%

Provide a 5 year term loan for refinancing and recuperating equity invested in CAPEX

  • $4 million
  • 14,939 sq. ft.
  • Montreal, Quebec
  • Conventional first mortgage
  • 5 years term, 25 years amortization
  • LTV: 72%

Providing funds required to refinance the current loan and provide funds for future capital expenditures

  • $4 million
  • 198,093 sq. ft.
  • Windsor, Ontario
  • Conventional first mortgage
  • 5 years term, 25 years amortization
  • LTV: 48%

Facilitating the purchase of the property contracted for sale

  • $4 million
  • 15,110 Sq. ft.
  • Toronto, Ontario
  • First mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 57%

Purchase property to be converted into a commercial plaza

  • $8 million
  • 87,415 Sq. ft.
  • Oakville, Ontario
  • First mortgage construction loan
  • 24 months term, interest only

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 raised its overnight rate by 75 basis points to 3.25%. Read about it here.

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Expert insights

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While higher interest rates and speculation about a recession dominate headlines, I am glad to share some positive news.

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Borrower perspectives

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We spoke to Scott about his perspectives on how the pandemic has impacted the industry, Elevate’s vision for growth, the company’s priorities heading for 2022/2023 and why he finds First National’s integrity and openness empowering.

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Capital Markets update

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The Treasury Guy, Jason Ellis is back. In this week’s Market Commentary, Jason discusses key announcements from the Feds and provides an overview of credit spreads and rates. Read the commentary here.

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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.