Standard financing offers a fixed interest rate and is typically closed to prepayment for the term’s duration. Because land assets do not produce cash flow, standard financing is only considered when the borrower’s plans to hold the land for the long term. Borrowers must prove an ability to cover the mortgage payments from other sources (cash flowing properties or cash reserves).

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Financing resources

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Recent financings

  • Published
    Redeveloping land into condominium
    $28 Million

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

  • Published
    Finance the purchase of the two subject properties
    $21 Million

    93 units – White Rock, British Columbia

  • Published
    Refinance to repay the existing debt
    $18 Million

    107 units – Quebec City, Quebec

  • Published
    Finance bridge loan
    $24 Million

    192 units – Langley, British Columbia

    • 120 days term and interest only amortization
    • Loan to value ratio: 66%
  • Published
    Pay out a loan used to purchase property
    $32 Million

    576,493 Sq. Ft. – Newmarket, Ontario

    • 12 months term and interest only amortization
    • Loan to value ratio: 57%
    • Interest rate: Prime + 1.75%
  • Published
    Finance of multiple properties
    $30 Million

    199 units – Bedford, Nova Scotia

    • Loan to value ratio: 61%
    • 120 days term and interest only amortization period
    • Providing a bridge loan for the borrower while CMHC reviews the application

  • Published
    Loan for refinancing of mixed-use property
    $97 Million

    300 units – Halifax, Nova Scotia

    • 10 years term and 35 years amortization
    • Loan to value: 83.8%
    • To fund an additional CMHC insured loan and shall rank pari passu with the mortgage

  • Published
    Finance the purchase of a multi-residential property
    $4 Million

    59 units – Oshawa, Ontario

    • 2 years term and interest only amortization
    • Loan to value ratio: 75%

  • Published
    Investing for retail development
    $6 Million

    75,203 Sq. Ft. – London, Ontario

    • Conventional First Mortgage – land and pre-development loan
    • Loan to value ratio: 61.7%
    • Interest rate: Prime + 2.25% gross

  • Published
    Acquisition of apartment property
    $2 Million

    47 units – Montreal, Quebec

    • 5 years term and 30 years amortization
    • Loan to value: 85%
    • Interest rate: Canadian Mortgage Bond + 85 bps
  • Published
    Loan used to pay out existing first mortgage
    $10 Million

    240 units – Ottawa, Ontario

    • Condo inventory loan
    • Loan will provide liquidity until the remaining until are sold
    • Loan to value: 57.50%

  • Published
    Providing funds required to refinance debt
    $1 Million

    6,180 Sq. Ft. – Ottawa, Ontario

    • 5 years term and 25 years amortization
    • Loan to value: 71%
    • Conventional First Mortgage
  • Published
    Redeveloping land to townhomes
    $8 Million

    43 units – Vancouver, British Columbia

    • To assist with the acquisition of 7 conjoined plots of land
    • 21 months term, interest only
    • Loan to value ratio: 55.98%
  • Published
    Refinancing apartment building
    $8 Million

    62 units – Dartmouth, Nova Scotia

    • Loan to value ratio: 75%
    • 5 years term and 40 years amortization
  • Published
    Construction financing for new phase of project
    $34 Million

    80 units – Saanich, British Columbia

    • First Mortgage – Condo Construction Financing
    • The project consists of 5 buildings ranging from 4 to 6 storeys
    • 24 months term

  • Published
    Providing construction financing to develop a townhouse complex
    $5 Million

    36 units – Toronto, Ontario

    • Second Mortgage Loan – Construction Facility

    • Loan to value ratio: 54.3%
    • Loan to be funded in multiple advances

  • Published
    Repay debt on the property
    $10 Million

    37 units – West Vancouver, British Columbia

    • 8 storey, 37 unit apartment building, constructed circa 1966
    • Loan to value ratio: 69.9%
    • 10 years term, 35 years amortization

  • Published
    CMHC mortgage used in refinancing existing first mortgage
    $2 Million

    14 units – Chatsworth, Ontario

    •  A new CMHC insured first mortgage
    •  5 years term and 30 years amortization
    •  Loan to value ratio: 85%

  • 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

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