Recent Financings

Supporting vision and building businesses

Commercial lending, whether it’s for a new acquisition, renewal or construction project, is competitive and can be complex. The focus is traditionally very transactional, limited to cost of money and completing loans. At First National, we do things differently. We stress relationships. We provide deep expertise. We apply ingenuity to what we do, believing that every problem has a solution.

That is why First National is often involved in precedent-setting transactions. Leveraging our CMHC expertise, broad product portfolio, diverse specialists and responsiveness, we’ve blazed trails in financing new rental construction, general construction and burgeoning real estate businesses. That’s the foundation of our approach – going beyond just closing the deals to supporting vision and building businesses.

Our recent financings

  • Published
    Funds used for development capital
    $24 Million

    269,230 Sq. Ft. – Mississauga, Ontario

    • Portfolio of multi-tenant industrial/office buildings with a total of 269,230 Sq. Ft.
    • Conventional First Mortgage with 5 years term and 25 years amortization
    • 215 bps gross spread
    • Loan to value ratio: 65%

  • Published
    Refinancing an existing mortgage with a new CMHC insured first mortgage
    $3 Million

    21 units – Oakbank, Manitoba

    • A newly constructed 3 storey multi-family residential building
    • Loan to value ratio: 85%
    • 5 years term and 40 years amortization

  • Published
    Paying out existing loan with new short-term financing
    $21 Million

    249,230 Sq. Ft. – Longueuil, Quebec

    • Shopping plaza with gross leasable area
    • Loan to value ratio: 65%
     3 years term with 25 years amortization

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