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 assistance, please submit a payment assistance request through My Mortgage.

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.

Close

industrial

Industrial property

An industrial asset can span real estate operations including warehousing, manufacturing, transportation and logistics. This type of asset typically attracts a more sophisticated buyer as a result of the risk profile and operational complexities.

Standard Financing

Standard financing offers a term of five years or more, a fixed interest rate and is typically closed to prepayment for the term’s duration.

Learn More

Short-term (bridge) Financing

Bridge financing addresses a borrower’s short-term needs, usually three months to three years.

Learn More

Repositioning / Renovating

This short-term financing option enables access to a property’s equity for improvements, renovations or repairs, eliminating the need to raise funds from personal sources.

Learn More

Secondary financing for industrial property

Second mortgages are often used to access equity in a property when a borrower wants to purchase another asset or renovate/repair a property.

Learn More

Development / Construction

Construction financing is available for condominiums, retail, office, industrial, retirement and purpose-built apartments. 

Learn More

Smart risk solutions in action for industrial

See how we’ve applied our financing products innovatively to help industrial borrowers achieve their goals with performance and value.

Refinancing existing mortgage loans and equity takeout to retire a private mortgage

  • $3 million
  • 69,630 sq. ft.
  • Montreal, Quebec
  • Bridge loan refinance
  • 24 months, 25 years amortization
  • LTV: 61%

Purchasing property to be converted into rentable storage space

  • $3 million
  • 33,825 sq. ft.
  • Midland, Ontario
  • Conventional first mortgage
  • 3 years term, interest only amortization
  • LTV: 66%

Providing funds to refinance property and pay down its bank line

  • $10 million
  • 91,653 sq. ft.
  • Spruce Grove, Alberta
  • Conventional first mortgage
  • 3 years term, 25 years amortization
  • LTV: 75%

Providing capital to assist in real estate development

  • $3 million
  • 16,997 sq. ft.
  • Mississauga, Ontario
  • Conventional first mortgage
  • 4 years term, 25 years amortization
  • LTV: 53%

Providing funds to obtain the property and other business purposes

  • $6 million
  • 78,863 Sq. ft.
  • Toronto, Ontario
  • Conventional first mortgage
  • 2 years term, 15 years amortization
  • LTV: 56%

Providing funds to purchase property and renovation work needed

  • $4 million
  • 77,442 Sq. ft.
  • Montreal, Quebec
  • Conventional first mortgage
  • 24 months term, interest only amortization
  • LTV: 60%

Refinance to recapture the capital expenditures made during construction

  • $10 million
  • 234,352 Sq. ft.
  • Sherwood Park, Alberta
  • First mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 70%

Providing funds required to purchase the subject property

  • $4 million
  • 63,726 Sq. ft.
  • Toronto, Ontario
  • Conventional First Mortgage
  • 3 years term, interest only amortization
  • LTV: 67%

Latest resources and insights

Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.

Growth, Value and Risk

Article
This morning, the Bank of Canada left its target overnight benchmark rate unchanged at what it describes as its “lower bound” of ¼ percent. As a result, the Bank Rate remains at ½ percent.

View all

Expert insights

Article
In Building Value, Zach Vanier tells us about himself and what he brings to his client relationships.

View all

Borrower perspectives

We spoke to Alain Grandmaison about his view of the industry impacts resulting from COVID-19, whether or not Junic has altered its vision for growth and why First National is a great fit for the new generation of developers.

View all

Capital Markets update

Article
Neil Silverberg, Analyst, Capital Markets, looks at the latest Canadian employment numbers, the changes that were seen in rates and curves this week and more. Read the full commentary here.

View all

city

Sign up for Market updates

Economic and political developments – both in Canada and globally – can impact the commercial real estate market. First National experts follow these trends closely and provide honest, real and professional perspectives into what they could mean for your portfolio.

SUNPFNWEB06