KEEPING YOU INFORMED: COVID-19 information for residential customers & commercial borrowers

Our residential call centre is experiencing higher than normal wait times.

If you are a residential customer experiencing financial hardship due to COVID-19 and need to request a mortgage payment deferral, please submit a payment deferral request through My Mortgage or fill out our online mortgage payment deferral request form.

If you are a commercial borrower experiencing financial hardship due to COVID-19, please email our Payments team at commercial.payments@firstnational.ca.

Be assured that we are committed to getting back to all of you who have contacted us.

Your patience is appreciated, and we thank you for your understanding.

Standard Financing for condo inventory loans typically offers a shorter term, depending upon when the borrower expects to sell the individual units. Floating interest rates typically apply with no amortization requirement.

The sale of individual units is the key consideration for this type of financing. In most cases, the borrower is expected to contribute 100 per cent of the net sale proceeds from the unit sales. As the borrower sells units, the loan is paid down simultaneously until the point of liquidation. Once the loan is liquidated, the borrower is able to keep the profits from the remaining unit sales.

Connect with a financing expert

Henry Chung
Director, Commercial Financing

Adam Powadiuk
Director, Commercial Financing

Peter Cook
Assistant Vice President, Commercial Financing

Andrew Drexler
Assistant Vice President, Commercial Financing

Russell B. Syme
Assistant Vice President, Commercial Financing

Paul Steckler
Assistant Vice President, Commercial Financing

Mitchell Tomulka
Assistant Vice President, Commercial Financing

Dru McAuley
Assistant Vice President, Commercial Financing

Damir Jesic
Assistant Vice President, Commercial Financing

Jody Comeau
Assistant Vice President, Commercial Financing

Jim Foote
Assistant Vice President, Commercial Financing

Troy Barker
Assistant Vice President, Commercial Financing

Evan Pawliuk
Assistant Vice President, Commercial Financing

Stefan Steele
Senior Analyst, Credit Adjudication

Scott Lynds
Assistant Vice President, Commercial Financing

Daniel Kowalczyk
Senior Analyst, Commercial Financing

Michele Cook
Director, Commercial Financing

Gidu Park
Analyst, Commercial Financing

Darryl Bellwood
Assistant Vice President, Commercial Financing

Simon Verdy
Assistant Vice President, Commercial Financing

Edgar Kieser
Assistant Vice President, Commercial Financing

Benoit Allaire
Assistant Vice President, Commercial Financing

Daniel Bragagnolo
Assistant Vice President, Commercial Financing

Jonathan Philipps
Director, Commercial Financing

Robert Fleet
Assistant Vice President, Commercial Financing

Abby McQuire
Director, Commercial Financing

Maksim Stajic-Katic
Senior Analyst, Commercial Financing

Miyadh Mutahar
Analyst, Commercial Financing

Samuel Lasanté
Director, Commercial Financing

Ilan Barda
Assistant Vice President, Commercial Financing

Erin Solmundson
Senior Analyst, Commercial Credit

Michael Yeung
Regional Vice President, Commercial Financing, British Columbia

Yohan Kadoch
Assistant Vice President, Commercial Financing

Reed Bracken
Assistant Vice President, Commercial Financing

Lori Isaac
Senior Analyst, Commercial Financing

Adam Weinbaum
Analyst, Commercial Financing

Andrew Brickley
Director, Commercial Financing

Brian Kimmel
Assistant Vice President, Commercial Financing

Jamie McCallum
Assistant Vice President, Commercial Financing

Alison Afaganis
Senior Analyst, Commercial Financing

Barry C. Gidney
Assistant Vice President, Commercial Financing

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