Student housing

Students units often generate more cash flow based on the number of tenants per unit. However, owners typically balance cash flow advantages with operational complexity and the capital expenditures required to keep the units up to quality.

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.

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Short-term (bridge) financing

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

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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.

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Secondary financing

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

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Development / Construction

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

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Smart risk solutions in action for student housing

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

A new first mortgage used to refinance the existing first mortgage registered against the property

  • $5 million
  • 48 units
  • Hamilton, Ontario
  • CMHC first mortgage loan
  • 5 years term, 25 years amortization
  • LTV: 65%

Loan used to repay the existing financing and the remaining balance used for real estate investment

  • $8 million
  • 50 units
  • Halifax, Nova Scotia
  • CMHC insured first mortgage
  • 5 years term, 35 years amortization
  • LTV: 85%

Providing a CMHC mortgage loan to finance the purchase of the property

  • $20 million
  • 238 units
  • Trois-Rivières, Quebec
  • CMHC insured first mortgage loan
  • 10 years term, 35 years amortization
  • LTV: 85%

Providing a mortgage loan to payout the existing bridge loan used to purchase the property

  • $11 million
  • 110 units
  • Ottawa, Ontario
  • CMHC insured first mortgage loan
  • 5 years term, 40 years amortization
  • LTV: 85%

Bridge loan used to release the closing grocery store on the property

  • $2 million
  • 45,529 sq. ft.
  • Calgary, Alberta
  • Conventional bridge loan
  • 2 years term, interest only amortization
  • LTV: 70%

Financing the construction take-out of a multi-residential property

  • $7 million
  • 27 units
  • Victoria, British Columbia
  • CMHC Insured First Mortgage
  • 5 years term, 40 years amortization
  • LTV: 85%

Refinancing an existing construction loan and provide equity withdraw

  • $5 million
  • 5,934 sq. ft.
  • Montreal, Quebec
  • CMHC refinancing first mortgage
  • 5 years term, 35 years amortization
  • LTV: 85%

Loan used to place term debt on a multi-residential building as part of purchase of the property

  • $6 million
  • 8 units
  • Toronto, Ontario
  • CMHC insured first mortgage
  • 10 years term, 40 years amortization
  • LTV: 73.3%

Latest resources and insights

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

Growth, Value and Risk

The Bank of Canada made its third interest rate decision of 2021 and presented its new base-case projection for inflation and growth in the economy in its quarterly Monetary Report.

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Expert insights

Even so, First National has never been more bullish about the future of the province’s multi-unit housing market and is financing local construction at a record rate. Why the paradox? Find out here.

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Borrower perspectives

Tavish Rai, Abstract’s Chief Asset Officer and Partner, shares his perspectives about Victoria’s current evolution, Abstract’s shift in focus back to market housing and why First National’s industry knowledge and responsiveness are so valuable.

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Capital Markets update

Neil Silverberg, Senior Analyst, Capital Markets, provides a post budget wrap-up, an overview on this week’s BoC announcement and more. Read the full commentary here.

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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.