First National Financial LP
condo-inventory

Student housing

Standard financing

Standard Financing for condo inventory loans typically offers a shorter term, depending upon when the borrower expects to sell the individual units. Floating interest rates typically apply with no amortization requirement.

The sale of individual units is the key consideration for this type of financing.

In most cases, the borrower is expected to contribute 100 per cent of the net sale proceeds from the unit sales. As the borrower sells units, the loan is paid down simultaneously until the point of liquidation. Once the loan is liquidated, the borrower is able to keep the profits from the remaining unit sales.

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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%

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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Borrower perspectives

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Capital Markets update

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In this week’s Market Commentary, Neil Silverberg, Senior Analyst, Capital Markets, puts rates into perspective, the latest increase in inflation and reviews the newly issued CMB. Read the full commentary here.

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View other student housing mortgage solutions

Short-term (bridge) financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years.

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. 

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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.