KEEPING YOU INFORMED: COVID-19 information for residential customers & commercial borrowers
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Our residential call centre is experiencing higher than normal wait times.

If you are a residential customer experiencing financial hardship due to COVID-19 and need to request a mortgage payment assistance, please submit a payment assistance request through My Mortgage.

If you are a commercial borrower experiencing financial hardship due to COVID-19, please email our Payments team at commercial.payments@firstnational.ca.

Be assured that we are committed to getting back to all of you who have contacted us.

Your patience is appreciated, and we thank you for your understanding.

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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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Subscribe to our Recent Financings newsletter

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.

A CMHC insured first mortgage to refinance a twelve story rental apartment building

  • $9 million
  • 112 units
  • Ottawa, Ontario
  • CMHC Financing First Mortgage Loan
  • 5 years term, 25 years amortization
  • LTV: 57%

Conventional first mortgage loan used to assist in the purchase of the industrial property

  • $10 million
  • 65,821 Sq. ft.
  • Waterloo, Ontario
  • Conventional First Mortgage
  • 5 years term, 25 years amortization
  • LTV: 63%

Refinancing property and repaying existing construction bridge loan

  • $17 million
  • 76 units
  • Sainte Julie, Quebec
  • CMHC Insured Refinancing
  • 10 years term, 40 years amortization
  • LTV: 85%

Provide construction financing to the complex

  • $34 million
  • 271 units
  • Calgary, Alberta
  • CMHC insured construction financing
  • 10 years term, 40 years amortization
  • LTV: 65%

A new conventional first mortgage to recapture the amount spent on the purchase of the property and equity take-out

  • $3 million
  • 29,032 sq. ft.
  • Vaughan, Ontario
  • Conventional first mortgage
  • 5 years term, 25 years amortization
  • LTV: 59%

Refinancing existing debt and executing numerous repairs and capital works for repositioning

  • $9 million
  • 141 units
  • Quebec City, Quebec
  • CMHC first mortgage loan
  • 10 years term, 35 years amortization
  • LTV: 60%

A first mortgage bridge loan to assist with the purchase of an industrial building

  • $3 million
  • 19,910 sq. ft.
  • Ottawa, Ontario
  • Conventional bridge loan
  • 3 years term, 25 years amortization
  • LTV: 74%

Providing a CMHC first mortgage loan to acquire apartment property

  • $13 million
  • 71 units
  • Mirabel, Quebec
  • CMHC first mortgage loan
  • 10 years term, 40 years amortization
  • LTV: 75%

Latest resources and insights

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

Growth, Value and Risk

Article
This morning in its 10th and likely final policy decision of 2020, the Bank of Canada left its target overnight benchmark rate unchanged at what it describes as its “lower bound” of 0.25%.

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Expert insights

Article
Here at First National, the year has started very quickly. After recording tremendous growth in 2020, we have set our sights on doing even more this year.

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Borrower perspectives

We spoke to Alain Grandmaison about his view of the industry impacts resulting from COVID-19, whether or not Junic has altered its vision for growth and why First National is a great fit for the new generation of developers.

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Capital Markets update

Article
This week’s Market Commentary provides an update on rates and curves, CHT Issuance levels and more. Read it 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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Development / Construction

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

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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.

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