Standard financing is usually considered when borrowers are acquiring a new property or refinancing an existing one and want longer-term financing with predictable payments. Properties with stable cash flow and consistent operating histories are favourable candidates for 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. For multi-family, the two types of standard financing are CMHC-insured and conventional.

CMHC-insured financing

CMHC-insured financing offers lower interest rates, terms of 5 years or more and higher loan to value ratios, making it the most popular choice for most borrowers. There are also programs available to borrowers (i.e. the Energy Efficiency Program) that can help them increase their loan amounts, access premium credits and lower their monthly expenses.  

First National is Canada’s largest CMHC-insured lender.

Conventional financing

Conventional financing is an excellent option, especially when CMHC-insured financing is not possible as a result of market leading purchase price, borrowers being unable to meet CMHC’s personal guarantee requirements or if a commercial component (retail or office) disqualifies the property from CMHC insurance. The typical term for conventional financing is five years, however seven and 10-year terms can be available.

Commercial Mortgage Backed Securities (CMBS): CMBS is a conventional financing solution available for first mortgages on established, stabilized properties (generally three or more years of stable operating history). This type of financing works well for properties with in-place, stabilized net cash flow.

Connect with a financing expert

Daniel Bragagnolo
Director, Commercial Financing

Evan Pawliuk
Director, Commercial Financing

Jamie McCallum
Assistant Vice President, Commercial Financing

Alison Afaganis
Senior Analyst, Commercial Mortgages

Jonathan Philipps
Director, Commercial Financing

Robert Fleet
Assistant Vice President, Commercial Financing

Russell B. Syme
Assistant Vice President, Commercial Financing

Pierre Leroux
Assistant Vice President, Commercial Financing

Paul Steckler
Assistant Vice President, Commercial Financing

Simon Verdy
Assistant Vice President, Commercial Financing

Barry C. Gidney
Assistant Vice President, Commercial Financing

Benoit Allaire
Director, Commercial Financing

Brian Kimmel
Assistant Vice President, Commercial Financing

Veronique Clermont
Bilingual Analyst, Commercial Mortgages

Yohan Kadoch
Director, Commercial Financing

Scott Lynds
Assistant Vice President, Commercial Financing

Ilan Barda
Assistant Vice President, Commercial Financing

Miyadh Mutahar
Analyst, Commercial Mortgages

Troy Barker
Assistant Vice President, Commercial Financing

Reed Bracken
Business Development Manager, Commercial Financing

Andrew Drexler
Assistant Vice President, Commercial Financing

Peter Cook
Assistant Vice President, Commercial Financing

Michele Cook
Director, Commercial Financing

Mitchell Tomulka
Assistant Vice President, Commercial Financing

Dru McAuley
Assistant Vice President, Commercial Financing

Adam Powadiuk
Director, Commercial Financing

Jody Comeau
Assistant Vice President, Commercial Financing

Damir Jesic
Director, Commercial Financing

Lina Angelini
Senior Analyst, Commercial Mortgages

Abby McQuire
Director, Commercial Financing

Darryl Bellwood
Assistant Vice President, Commercial Financing

Henry Chung
Director, Commercial Financing

Stefan Steele
Senior Analyst, Credit Adjudication

Jim Foote
Assistant Vice President, Commercial Financing

Edgar Kieser
Assistant Vice President, Commercial Financing

Tim Kennedy
Director, Commercial Financing

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