First National Financial LP
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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.

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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 student housing

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

A new CMHC insured first mortgage used to refinance the existing mortgage

  • $15.3 Million
  • 179 units
  • Calgary, Alberta
  • CMHC insured first mortgage loan
  • 5 years term, 29 years amortization
  • LTV: 60%

Pari-Passu Mortgage

  • $22.2 Million
  • 240 units
  • Halifax, Nova Scotia
  • CMHC insured first mortgage loan
  • 10 years term, 20 years amortization
  • LTV: 59.7%

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%

Proceeds from this loan will be used to payout the existing First National, CMHC insured first mortgage

  • $7.9 Million
  • 42 units
  • Halifax, Nova Scotia
  • CMHC insured first mortgage loan
  • 5 years term, 35 years amortization
  • LTV:85%

Funds will be used by the borrower to payout the construction debt maturing

  • $85.3 Million
  • 564 units
  • Terrebonne, Quebec
  • CMHC insured first mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 70%

The loan will be used to renovate 24 units over 4 years.

  • $ 7 Million
  • 33 units
  • Victoria, British Columbia
  • Conventional Bridge - A/B structure
  • 2 years term, interest only amortization
  • LTV:74.8%

To finance the acquisition of a residential and commercial portfolio

  • $53.5 Million
  • 435 units
  • London, Ontario

Bridge-to close followed by CMHC loan Bridge:

  • 6 months term, interest only amortization

CMHC loan:

  • 10 years term, 40 years amortization
    LTV: 61.8%"

Internal refinance to proceed with renovations on the building.

  • $7.3 Millon
  • 93 units
  • Montreal, Quebec
  • CMHC insured first mortgage loan
  • 5 years term, 35 years amortization
  • LTV:85%



Latest resources and insights

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

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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.