condo-inventory

Student housing

Students units often generate more cash flow based on the number of tenants per unit. However, owners typically balance cash flow advantages with operational complexity and the capital expenditures required to keep the units up to quality.

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.

Learn More

Short-term (bridge) financing

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

Learn More

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.

Learn More

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.

Learn More

Development / Construction

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

Learn More

Smart risk solutions in action for student housing

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

A new first mortgage used to payout the existing first and second mortgage registered on the property

  • $1 million
  • 18 units
  • Picton, Ontario
  • Conventional first mortgage loan
  • 3 years term, 25 years amortization
  • LTV: 55%

Loan used to pay out the existing financing on property and completing property improvements

  • $1 million
  • 18 units
  • Fredericton, New Brunswick
  • CMHC insured first mortgage
  • 5 years term, 25 years amortization
  • LTV: 85%

Loan used to repatriate additional equity from the current property

  • $7 million
  • 283 units
  • Sainte-Marie, Quebec
  • CMHC Insured Pari Passu First Mortgage
  • 5 years term, 27 years amortization
  • LTV: 41%

Refinancing the existing debt on the property and to provide equity for continuing capital improvements

  • $29 million
  • 227 units
  • Edmonton, Alberta
  • CMHC insure first mortgage
  • 10 years term, 25 years amortization
  • LTV: 58%

Refinancing an existing debt on a mixed-use mulit-family building

  • $2 million
  • 17 units
  • Ottawa, Ontario
  • CMHC First Mortgage Loan
  • 5 years term, 35 years amortization
  • LTV: 84%

Providing funds to pay out the existing financing with additional funds used for re-investment

  • $25 million
  • 97 units
  • Halifax, Nova Scotia
  • CMHC insured first mortgage
  • 10 years term, 30 years amortization
  • LTV: 85%

Refinancing the current loan and the existing line of credit on the property

  • $46 million
  • 236 units
  • St-Bruno-de-Montarville, Quebec
  • CMHC insured first mortgage
  • 10 years term, 35 years amortization
  • LTV: 84%

Refinancing the current first and second mortgages with a CMHC insured first mortgage loan

  • $26 million
  • 220 units
  • London, Ontario
  • CMHC insured first mortgage
  • 5 years term, 35 years amortization
  • LTV: 75%

Latest resources and insights

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

Growth, Value and Risk

Article
At 10 am eastern, the Bank of Canada made its fourth interest rate decision of 2021.

View all

Expert insights

Article
Over 500 Canadian commercial property owners, developers and lenders gathered virtually on June 8 for the 17th annual Land and Development Conference presented by the Real Estate Forums Club.

View all

Borrower perspectives

Article
To kick off our Innovation Series, we spoke with Ed about Mike Geric’s new environmental initiatives, building with mass timber and why innovation is so important to the company’s legacy.

View all

Capital Markets update

Article
Neil Silverberg, Senior Analyst, Capital Markets, provides a post budget wrap-up, an overview on this week’s BoC announcement and more. Read the full commentary here.

View all

city

Sign up for Market updates

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.