First National Financial LP
land

Land

Smart-risk lending solutions for land owners and developers.

Land is a valuable commodity and First National is there to finance it.

For decades, we have provided financing to owners and developers of land and consequently have the specialized expertise to do so with confidence. 

Throughout our history of lending across Canada, we have amassed significant experience in financing both land categories: held for future development and purchased for immediate development. 

Bridge financing

First National’s bridge loans are short-term in nature and used until construction financing is secured. Some borrowers choose bridge financing when they need the flexibility to plot the future of their assets.

Learn More: Bridge financing

Construction financing

A First National construction loan provides funds to cover the cost of building or rehabilitating a property with terms typically of three years or less.

Learn More: Construction financing

Smart risk solutions in action for land

See how we’ve applied our financing products innovatively to help land borrowers achieve their goals with performance and value.

To replace the existing land financing

  • $3.5 Million
  • 25,619 sq. ft.
  • Victoria, British Columbia
  • Conventional Mortgage
  • 1 year term, amortization Interest only
  • LTV: 43.00%

Loan to redevelop the site with two mixed used buildings

  • $18.4 Million
  • 98,010 sq. ft.
  • Mississauga, Ontario
  • Loan financing
  • 3 years term, interest only amortization

To provide land financing while the borrower completes the required financial zoning

  • $9.5 Million
  • 152,890 sq. ft.
  • Toronto, Ontario
  • First mortgage loan
  • 18 months term, interest only amortization
  • LTV: 67%

Bridge loan to provide capital

  • $5 million
  • 155,945 sq. ft.
  • Guelph, Ontario
  • Conventional purchase
  • 1 year term, Interest only
  • LTV: 63%

Bridge loan to provide capital for land purchase

  • $6 million
  • 36,590 sq. ft.
  • Brampton, Ontario
  • Conventional purchase
  • 1 year term, Interest only
  • LTV: 63%

Loan used to purchase already zoned land for a proposed mixed use development

  • $3 million
  • 442 units
  • Saskatoon, Saskatchewan
  • Conventional First Mortgage
  • 12 months term, Interest only
  • LTV: 60%

Land loan used to fully repay an existing loan and fund an 18 month debt servicing reserve

  • $29 million
  • 189,595 sq. ft.
  • Vancouver, British Columbia
  • Land loan financing
  • 18 months term, interest only amortization
  • LTV: 55%

Funds to assist with the purchase of land and pre-development costs

  • $5 million
  • 119,001 Sq. ft.
  • Toronto, Ontario
  • Pre-development first mortgage
  • 36 months term, interest only amortization
  • LTV: 54%

Latest resources and insights

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

Growth, Value and Risk

Article

Bank of Canada reduces its policy interest rate for the fourth time in 2024
In a decision sure to be cheered by property owners and businesses far and wide, the Bank of Canada today reduced its policy interest rate for the fourth time in 2024.

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Expert insights

First National reports on key CMHC updates to its multi-unit mortgage loan insurance programs
On November 15, 2024, First National was notified of updates to CMHC’s multi-unit insured mortgage programs. All eight updates come into effect immediately.

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Borrower perspectives

Borrower Perspectives: Rob Piroli, President, Piroli Group
Founded in 1992 in Leamington, Ontario, Piroli Group started in general contracting (under the name of Piroli Construction) but has evolved into a multi-faceted development group.

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Capital Markets update

Article

Market Commentary: A catch-up and overview of the markets
First National’s, Jason Ellis, provides an overview as well as an update of the markets including rates, Government announcements and changes to the Commercial mortgages. Read an overview here.

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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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