First National Financial LP
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Student housing

Secondary financing

Secondary 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 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

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Capital Markets update

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An overview of what’s happening in the market from Paul Uffelmann, Director, on our capital markets team.

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View other student housing mortgage solutions

Standard financing

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. 

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Bridge financing

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, a change in ownership structure or enhance their tenant roster. 

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Asset repositioning

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.

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Construction financing

A First National construction loan, whether CMHC insured or conventional, provides funds to cover the cost of building or rehabilitating a student housing property with terms typically of three years or less.

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