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
    Refinance the existing conventional first mortgage and to fund future acquisitions and development
    $40 Million

    163 units – London, Ontario

    • Loan to value ratio: 75%
    • 5 years term and 40 years amortization
  • Published
    Massive capital upgrade
    $15 Million

    280 units – Etobicoke, Ontario

    •  A new CMHC insured first mortgage
    •  5 years term and 30 years amortization
    •  Loan to value ratio: 85%
  • Published
    Redeveloping land into condominium
    $28 Million

    141,330 Sq. Ft. – Surrey, British Columbia

    • Loan to value ratio: 85%
    • First mortgage post construction loan
    • New construction property built in 2017