Multi Family Residential Mortgage Canada

Financing for Multi-Family Residential Properties

Financing for multi-family residential properties across Canada, including apartment buildings and mixed-use rentals. We arrange purchase, refinance, construction, and renewal loans, with CMHC-insured options like MLI Select that can increase leverage and extend amortization when your project meets affordability, energy, or accessibility goals. We outline down payment, rates, fees, and timelines and coordinate appraisal and legal so closing stays on track. If you want to check eligibility or compare scenarios, set up a quick, no pressure call.

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Multi Family Residential Mortgage Canada

Up to 75%

Loan-to-Value

$100k – $100m

Mortgage Amount

Up to 30 Years

Amortization Length

GoC + 1.5% to 3%

Rate Estimate ⓘ

Multi-unit assets are priced on income and risk. We simplify the financing by matching structure to your strategy: acquire and hold, renovate and re-tenant, build and stabilize, or refinance for better terms. Where it helps, we line up CMHC-insured options to increase leverage and extend amortization.

Who We Serve

  • Long-term holders buying stabilized rental buildings

  • Value-add sponsors improving older stock and lifting NOI

  • Developers building purpose-built rental with a CMHC take-out

  • Owners refinancing to lower cost of capital or pull equity

Properties We Finance

  • Rental apartments (5+ units): Low-rise, mid-rise, high-rise, townhouse formats

  • Mixed-use: Residential above ground-floor retail where residential drives value

  • Specialized multi-unit: Student, seniors, and supportive housing (case by case)

Eligible Scenarios

  • Purchase: Stabilized assets underwritten to in-place income; pro forma lease-up considered with credible plan

  • Refinance: Rate and term improvements, equity release for capex or acquisitions

  • Construction: Ground-up rental with draws and an insured or conventional take-out

  • Bridge: Short-term capital for renovations, unit turns, and lease-up ahead of term debt

How Multi-Unit Financing Is Structured

We start with the rent roll, T12, capex plan, and your horizon.

  • Leverage: Sized to DSCR and policy; higher potential with CMHC on qualifying rental

  • Rates: Fixed or variable with practical prepayment options

  • Amortization: Typically 25 to 30 years, longer on insured files that qualify

  • Covenants: Reserves, reporting, and any affordability or energy undertakings where applicable

Typical Loan Parameters and Eligibility

(Actual terms vary by asset quality, market, sponsor strength, and lender policy.)

  • LTV / LTC: Often 55–75% on conventional; higher with CMHC on rental

  • DSCR: Commonly 1.20x–1.35x on stabilized NOI

  • Term: 1–10 years for term loans; 12–36 months for construction and bridge

  • Security & recourse: First mortgage standard; guarantees depend on leverage and risk

  • Sponsor basics: Relevant experience, net worth, liquidity, and a credible plan

Streamlined Documents Checklist

We stage requests to keep momentum.

  • Property & income: Current rent roll, T12, leases and key amendments, insurance, taxes

  • Reports: Appraisal, Phase I ESA, building condition; energy model if pursuing CMHC points

  • Project package (if building): Budget, drawings, specs, schedule, QS engagement

  • Corporate & sponsor: Net worth and liquidity summary, org chart, recent financials and tax filings

Process and Timelines

  • Initial review (1–3 business days): Indicative sizing and lender short-list

  • Term sheets (3–10 business days): Competitive quotes matched to your goals

  • Diligence and approvals (2–6 weeks): Appraisal, environmental, legal, and conditions

  • Closing and funding: Insurance bound, security registered, funds advanced; draw mechanics for construction

Why Work With Us

  • Structure first: We fit the loan to your business plan, then match it to lender appetite

  • CMHC know-how: Clear guidance on affordability, energy, and accessibility where it improves outcomes

  • Clarity and speed: Milestones, early issue spotting, and plain language

  • National coverage: Major metros and strong secondary markets across Canada

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Send us a message to schedule a zero obligation call to discuss your commercial mortgage options.

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