Student Residence Mortgage Loans Canada

From purpose-built student accommodation to off-campus conversions, student housing underwrites on consistent demand drivers, lease structure, and operations. We match the loan to your pre-leasing cadence, room mix, amenities, and marketing plan, then bring targeted quotes that fit your risk and timeline.

Who We Serve

• Developers building purpose-built student housing near universities and colleges

• Owners refinancing stabilized student residences

• Value-add sponsors converting or upgrading buildings to student use

• Operators expanding portfolios in strong enrollment markets

Properties We Finance

• Purpose-built student housing: Apartments, suites, pods, and micro-units

• Near-campus rentals: Walkable or transit-linked buildings serving one or multiple schools

• Mixed-use with student components: Residential over retail where student demand leads

• Select specialty: Private residence halls or master-leased assets with credible counterparties

Eligible Scenarios

• Purchase: Stabilized or near-stabilized assets sized to in-place income

• Refinance: Lower rate, longer amortization, or equity release for upgrades

• Construction: Ground-up student housing with milestone draws and a clear lease-up plan

• Bridge and value-add: Capital for renovations, furniture packages, and lease-up ahead of term debt

How Student Housing Financing Is Structured

We start with pre-leasing, enrollment trends, and your operating plan.

• Leverage: Sized to DSCR, pre-leasing, and market depth; higher potential where CMHC criteria are met

• Rates and terms: Fixed or variable from 1 to 10 years with practical prepayment options

• Amortization: Typically 20 to 30 years on income properties

• Covenants: Sensible reserves, reporting, and lease tests that fit the academic cycle

• Operations: Attention to furnishing, amenities, and turnover timelines

Typical Loan Parameters and Eligibility

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

• LTV: Often 55 to 75 percent on conventional; case by case for insured files

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

• Security and recourse: First mortgage standard; guarantees vary by leverage and plan

• Sponsor profile: Relevant experience, adequate liquidity, and a credible lease-up strategy

Streamlined Documents Checklist

We stage what is needed to keep momentum.

• Property and income: Current rent roll or bed-by-bed pre-leasing, T12, key leases and amendments

• Reports: Appraisal, Phase I ESA, and building condition as required

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

• Market support: Enrollment trends, proximity to campus, transit access, and comparable supply

• Operations: Turnover plan, furniture and amenities scope, and marketing calendar

Process and Timelines

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

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

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

• Closing and funding: Conditions satisfied, insurance bound, security registered

Why Work With Us

• Student housing fluency: Financing tailored to academic cycles and pre-leasing realities

• Structure first: We fit the loan to your plan, then pick the right lender

• Breadth of capital: Banks, credit unions, alternative and private capital, plus CMHC where applicable

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

Get Started

Message our team to talk through your goals and market. We will outline practical options for student housing financing in Canada so you can compare terms and move forward with confidence.