First National Financial LP
mixed-use

Mixed use property

A mixed-use asset segregates the property for multiple uses that can include residential, office, retail, industrial, storage and/or retirement. Examples include a retail strip plaza with second floor offices, a retail storefront with apartments above and an industrial warehouse with office space rented separately.

Standard Financing

Standard financing offers a term of five years or more, a fixed interest rate and is typically closed to prepayment for the term’s duration.

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Short-term (bridge) financing

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

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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.

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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.

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Development / Construction

Construction financing is available for condominiums, retail, office, industrial, retirement and purpose-built apartments. 

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Smart risk solutions in action for mixed-use

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

Loan used for acquisition of subject property

  • $3 million
  • 23 units
  • Uxbridge, Ontario
  • CMHC insured purchase
  • 10 years term, 35 years amortization
  • LTV: 85%

Purchase of subject property

  • $1 million
  • 17 units
  • Oshawa, Ontario
  • CMHC purchase
  • 10 years term, 30 years amortization
  • LTV: 85%

CMHC insured refinancing

  • $15 million
  • 143 units
  • Sarnia, Ontario
  • CMHC refinancing first mortgage
  • 10 years term, 15 years amortization
  • LTV: 45%

CMHC insured refinancing used to payout the existing loan

  • $7 million
  • 60 units
  • Abbotsford, British Columbia
  • CMHC refinancing first mortgage
  • 10 years term, 25 years amortization
  • LTV: 75%

CMHC term financing for the development of the subject property

  • $20 million
  • 51 units
  • Kentville, Nova Scotia
  • CMHC refinancing first mortgage
  • 10 years term, 40 years amortization
  • LTV: 85%

CMHC insured refinancing to retire the existing mortgages against the property

  • $2 million
  • 21 units
  • Blainville, Quebec
  • CMHC refinancing first mortgage
  • 5 years term, 35 years amortization
  • LTV: 85%

Refinancing initial loan to be used in acquisition of additional real estate

  • $2 million
  • 13 units
  • Montreal, Quebec
  • CMHC refinancing first mortgage
  • 5 years term, 35 years amortization
  • LTV: 85%

Construction takeout financing

  • $3 million
  • 10 units
  • Nanaimo, British Columbia
  • CMHC refinancing first mortgage
  • 10 years term, 40 years amortization
  • LTV: 85%

Latest resources and insights

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

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There was lots of action in the month of September in the bond market, read about this action and more in today’s Market Commentary.

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