First National Financial LP
other-properties

Storage

A subset of industrial, storage is an attractive asset class for buyers looking for consistent, durable tenants and simplified operations.

Standard financing

First National’s standard financing programs are favoured by borrowers who look to acquire a new property or refinance 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. 

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Bridge financing

First National’s bridge loan terms typically 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 or a change in ownership structure or to buy time to complete an operational improvement. 

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Asset repositioning

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.

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Secondary financing

A First National second mortgage allows borrowers to access the equity in a property and use it to purchase another asset or renovate/repair an existing asset. 

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Development / Construction

A First National construction loan provides funds to cover the cost of building or rehabilitating a property with terms typically of three years or less.

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Smart risk solutions in action for storage

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

The loan will be utilized to repay the existing construction

  • $11 Million
  • 18 Units
  • Vancouver, British Columbia
  • CMHC Insured
  • 5 years term, 40 years amortization
  • LTV: 92.54%

Conventional bridge loan to finance the construction of a student residence

  • $41 million
  • 107 units
  • Waterloo, Ontario
  • Conventional construction financing
  • 6 months term, interest only
  • LTV: 72%
 

Provide financing to convert an existing industrial property

  • 15.7 Million
  • 46,793 sq. ft.
  • Toronto, Ontario

80% of cost conventional construction financing

  • $3.36 million
  • 4,040 sq.ft.
  • Antigonish, NS

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 second policy decision of 2023. After eight consecutive increases stretching back to March 2022, the Bank finally held its overnight rate steady at 4.50%.

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Economic headwinds caused by inflation, interest rates and supply chain shortages continue to make for a uniquely challenging environment here in the first week of March 2023.

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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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An overview of what’s happening in the market from Paul Uffelmann, Director, on our capital markets team.

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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.