Apartments / Multi-Family Dwellings

We provide apartment loans on transactions from $400,000 – $20,000,000 + in all provinces.  Most loans are for conventional or government sponsored programs, such as CMHC.  We also close apartment bridge loans for borrowers as well.

Currently, with the issues on the commercial secondary market, the government sponsored programs are one of the more reliable sources of capital for apartment loans.  We have experts in the CMHC program.  Despite the additional layer of underwriting that comes with government supported loans, the programs are strong, with high levels of leverage, and low long term fixed rates.

Apartment Loans

Conventional financing on apartment loans is still an option, and on smaller transaction ($400,000 – $2,000,000) this is often the best area for borrowers to consider.  And you may discover that your situation does not fit the strict (and some time quirky) guidelines of the government programs – so you may have no choice other than to find a conventional apartment loan.  Borrowers can expect less bureaucracy with underwriting, shorter closing times and lower fees with conventional financing, when compared to government programs.

Borrowers however, should be aware that underwriting standards on conventional financing on apartments have tightened.  Loan to value, debt coverage ratios, credit scores, town population, location of the property and the borrowers overall global cash flow will be scrutinized more than you may be use to.

We encourage you to take a few moments to fill out our detailed contact form now, so that we can talk intelligently to you about your loan request.  The more information you’re willing to provide, the better answer we’ll be able to give you.

• What services do you need?

  "I want someone to get me money and take care of the details"
  We will do all the work. We will look at your information, write the deal up and work with banks and lenders to get your deal funded.

  "I want to talk to my bank but need help with the presentation"
  We will write up your deal, organize your supporting documents and give it to you in a format that banks and lenders will use to understand your need.

  "I want to know what I can do before I make a decision about my deal"
  Let us look at your information and provide you with solutions from Traditional, Mid Market and Private banks and lenders.

  Let us know how we can help you!