First National Financial LP
condo-inventory

Student housing

Students units often generate more cash flow based on the number of tenants per unit. However, owners typically balance cash flow advantages with operational complexity and the capital expenditures required to keep the units up to quality.

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.

Learn More

Short-term (bridge) financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years.

Learn More

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.

Learn More

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.

Learn More

Development / Construction

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

Learn More

Smart risk solutions in action for student housing

See how we’ve applied our financing products innovatively to help student housing 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%

Equity shall be used to facilitate the acquisition

  • $21 Million
  • 124,662 sq. ft.
  • Calgary, Alberta
  • Conventional Mortgage
  • 7 years term, 25 years amortization
  • LTV: 54.00%

To replace the existing land financing

  • $3.5 Million
  • 25,619 sq. ft.
  • Victoria, British Columbia
  • Conventional Mortgage
  • 1 year term, amortization Interest only
  • LTV: 43.00%

Refinance with MLI Select

  • $5.2 Million
  • 25 units
  • Montreal, Quebec
  • CMHC Insured
  • 5 years term, 40 years amortization
  • LTV: 92.54%

Refinance of an industrial building

  • $21.6 Million
  • 1 unit
  • Longueuil, Quebec
  • Conventional Mortgage
  • 7 years term, 25 years amortization
  • LTV: 63.28%

To facilitate construction financing of a seven-story apartment

  • $26 Million
  • 198 units
  • Sainte-Adele, Quebec
  • CMHC financing
  • 3 years term, amortization Interest only
  • LTV: 84.90%"

CMHC Insured first mortgage purchase of the property

  • $1.6 Million
  • 14 units
  • Montreal, Quebec
  • CMHC Insured
  • 5 years term, 30 years amortization
  • LTV: 84.99%

New CMHC insured 1st mortgage to purchase the subject property

  • $3 Million
  • 35 units
  • Bath, Ontario
  • CMHC Insured
  • 5 years term, 35 years amortization
  • LTV: 81.59%

Latest resources and insights

Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.

Growth, Value and Risk

Article
The Bank of Canada raised its overnight rate to 4.50% from 4.25% in December.

View all

Expert insights

Article
As 2023 gets underway, I want to express my appreciation to you for supporting First National over the past year – a period of tremendous growth.

View all

Borrower perspectives

Article
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.

View all

Capital Markets update

Article
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.

View all

city

Sign up for Market updates

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.