CMHC Standard Multi Unit Financing

CMHC Standard Rental Programs (5+ Units)

❖    Loan Sizes - From 500K+ (We do loans under 2M)

❖    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 40 years

●     Purchase: up to 85% of the purchase price or lending value (whichever amount is less)

●     Refinance up to 85% of the lending value.

●     Purchase/Refinance with improvements: up to 85% of the ‘as is’ or ‘as improved’ lending value

●     CMHC Standard Rental Housing Construction financing: up to 85% of the lending value as determined by CMHC or 100% of the cost, whichever amount is less.

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