First National Financial LP
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Student housing

Short-term (bridge) financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years. Some borrowers choose bridge financing when they need flexibility to decide about the future of an asset (i.e. contemplating a sale, impending change in ownership structure or operational planning) or time to coordinate a standard financing option.

For alternative assets, short-term financing may be a strategic solution if many of the property’s leases are approaching maturity.

The flexibility enables the borrower to negotiate new leases or acquire new tenants, ultimately positioning the property more positively for standard financing.

Bridge financing typically includes floating interest rates and usually allows some form of early prepayment. Consistent cash flows and strong operational histories are key considerations for this type of financing.

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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 first mortgage used to refinance both the first and the second mortgages registered against the property

  • $25 Million
  • 153 units
  • Quebec City, Quebec
  • CMHC insured first mortgage
  • 10 years term, 25 years amortization
  • LTV: 75%

New CMHC insured first mortgage used to refinance the existing first mortgage

  • $16 Million
  • 69 units
  • Toronto, Ontario
  • CMHC financing first mortgage 
  • 10 years term, 40 years amortization
  • LTV: 69.1%

Loan proceeds shall repay existing debt with the remaining to be used as an equity takeout to complete capital improvements at the property

  • $16.5 Million
  • 126,324 sq. ft.
  • Vancouver, British Columbia
  • Industrial - Equity Take-out
  • 5 years term, 25 years amortization
  • LTV: 55.29%

To refinance the property providing the borrower with additional funds for alternate real estate investments

  • $8.4 Million
  • 72 units
  • Regina, Saskatchewan
  • CMHC insured Pari Passu first mortgage loan
  • 5 years term, 40 years amortization
  • LTV: 71.4%

Loan will be used to payout the existing First National mortgage and the acquisition of additional land

  • $7 Million
  • 58 units
  • Halifax, Nova Scotia
  • CMHC insured first mortgage loan
  • 5 years term, 35 years amortization
  • LTV: 85%

To facilitate the purchase of industrial and industrial/flex properties in the Ottawa area

  • $85 Million
  • 692,631 sq. ft.
  • Ottawa, Ontario
  • Industrial purchase
  • 5 years term, interest only amortization
  • LTV: 93%

To refinance existing debt on the subject property and to provide equity for capital improvements at the subject property

  • $4 Million
  • 30,181 sq. ft.
  • London, Ontario
  • Conventional loan financing proposal
  • 5 years term, 25 years amortization
  • LTV: 69%

Refinance first and second mortgage loan to the property for future investment

  • $12 Million
  • 103 units
  • Baie-D'Urfe, Quebec
  • CMHC insured first mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 59.96%

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View other student housing 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.

Learn More

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.

Learn More

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.

Learn More

Development / Construction

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

Learn More
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Sign up for Market updates

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.