First National Financial LP
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Student housing

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.

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An overview of recent First National financings across geographies and asset classes, including a brief summary of deals and the financing amounts.

Smart risk solutions in action for student housing

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

CHMC insured refinancing first mortgage against property

  • $7 million
  • 74 units
  • Boucherville, Quebec
  • CMHC refinancing first mortgage
  • 10 years term, 35 years amortization
  • LTV: 65%

Bridge the purchase while waiting for CMHC for permanent term financing

  • $26 million
  • 162 units
  • Toronto, Ontario
  • Conventional purchase
  • 1 year term, interest only
  • LTV: 65%

Provide construction financing for a multi-residential property

  • $10 million
  • 49 units
  • Lower Sackville, Nova Scotia
  • CMHC construction financing

  • 2 years term, interest only

  • LTV: 85%

Providing CMHC insurance to assist in the acquisition of subject property

  • $5 million
  • 16 units
  • Toronto, Ontario
  • CMHC insured purchase
  • 5 years term, 40 years amortization
  • LTV: 85%

CMHC insured mortgage refinancing to payoff existing loan

  • $6 million
  • 23 units
  • Montreal, Quebec
  • CMHC refinancing first mortgage
  • 10 years term, 35 years amortization
  • LTV: 75%

Refinance existing conventional construction loan

  • $42 million
  • 189 units
  • Edmonton, Alberta
  • CMHC refinancing first mortgage
  • 10 years term, 40 years amortization
  • LTV: 93%

Acquistion of subject property by means of CMHC insured mortgage

  • $3 million
  • 30 units
  • Smiths Falls, Ontario
  • CMHC insured purchase
  • 10 years term, 30 years amortization
  • LTV: 85%

Refinancing under market rental program and equity takeout for future investment

  • $21 million
  • 114 units
  • Saskatoon, Saskatchewan
  • CMHC refinancing first mortgage
  • 10 years term, 40 years amortization
  • LTV: 85%

Latest resources and insights

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

Growth, Value and Risk

Article
The BoC made its sixth interest rate decision for 2021, read an overview of the announcement here.

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Expert insights

Article
Neil Silverberg, Senior Analyst, Capital Markets, reviews the latest in rates and curves, this week’s BoC announcement and more. Read the full commentary here.

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Borrower perspectives

Article
We spoke to Joe about how he continues to adapt in year two of the pandemic, his vision and key priorities for growth, and how First National supports his ambition and continued growth.

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Capital Markets update

Article
Neil Silverberg, Senior Analyst, Capital Markets, reviews what happened over the last few weeks in the market, how the market reacted and what it means for you. Read the full commentary here.

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View other student housing mortgage solutions

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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