A multi-family residential property is a building with five or more residential units. Some examples include an apartment building, townhouse or row house.
The multi-family asset class is the most popular and largest portion of commercial real estate in Canada. Inventory is plentiful, and there is a range of options to suit every type of buyer. Many buyers choose multi-family because of the consistency of revenue and occupancy, making it a less risky type of investment. With multi-family, buyers can start small and grow their portfolios as they hone their operational expertise.
First National offers several solutions to meet the diverse needs of borrowers interested in multi-family assets.