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.
CHMC insured refinancing first mortgage against property
Bridge the purchase while waiting for CMHC for permanent term financing
Provide construction financing for a multi-residential property
CMHC construction financing
2 years term, interest only
LTV: 85%
Providing CMHC insurance to assist in the acquisition of subject property
CMHC insured mortgage refinancing to payoff existing loan
Refinance existing conventional construction loan
Acquistion of subject property by means of CMHC insured mortgage
Refinancing under market rental program and equity takeout for future investment
Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.
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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.
Bridge financing addresses a borrower’s short-term needs, usually three months to three years.
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.
Second mortgages are often used to access equity in a property when a borrower wants to purchase another asset or renovate/repair a property.
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.