Development / Construction
Development/construction financing typically does not apply to alternative assets, but can be considered in special circumstances. Speak to one of our experts.
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 storage borrowers achieve their goals with performance and value.
The loan will be utilized to repay the existing construction
Conventional bridge loan to finance the construction of a student residence
Provide financing to convert an existing industrial property
80% of cost conventional construction financing
Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.
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.
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.
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 allows borrowers to access the equity in a property and use it to purchase another asset or renovate/repair an existing asset.
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.