CMHC MLI Select

CMHC MLI Select (5+ Units)

MLI Select offers scaling and flexibilities to encourage the preservation and creation of affordable, accessible and energy-efficient units. Flexibilities include higher loan-to-value ratios, increased amortizations, lower debt servicing ratios and reduced premiums.

Borrowers can commit to any combination of the following social outcomes. To qualify for MLI Select, borrowers must earn at least 50 points, and the maximum number of points available is 150.

The more committed you are to social and environmental outcomes, the better the incentives. You can focus on a single area, like affordability, or combine commitments to increase your points and incentives.

❖    Loan Sizes - All Sized, and we do loans under 2M

❖    Loan to Value - Up to 95%

❖    Property Types - Multi-Family Minimum 5 Units, Commercial Component Not to Exceed 30%

❖    Transaction Types - Purchase, Refinance, Construction

❖    Terms - 5 or 10 Years

❖    Amortization - CMHC Up to 50 years

General Requirements

●     The borrower must demonstrate competence and experience with a property of similar size and type being financed or formally engage a property management company with experience.

●     The borrower must have a minimum net worth of 25% of the loan amount requested.

Other Conditions Apply