CMHC Insured Multi-Unit 5+
CMLS Financial is one of Canada’s largest full-service mortgage providers. With a dynamic range of financing options, we can arrange a mortgage solution tailored to your customers’ needs quickly and conveniently.
CMLS Financial specializes in developing flexible and innovative solutions with prompt approvals and exceptional customer service.
Highlights- Personalized service
- Competitive pricing
- Flexible solutions
- Prompt turnaround time
- Insured multi-unit residential with 5+ units
- Insured student residences
- 1st mortgages
- 5 & 10 year terms
- Up to 85% LTV
- Up to 40-year amortization * premium surcharge applies
- We obtain the COI – CMHC Approved Lender
- Minimum DSCR requirements
- Available across Canada
- Appraisal required on 5 & 6 unit properties
- ESA (Environmental Site Assessment) required for 7+ units
Finders Fee
Typically, on a multi-unit mortgage, the originating broker will charge a fee to the borrower. If required, CMLS Financial may, in select cases, build a fee into pricing.
Pricing
Pricing is very much deal dependent, but typically 100-150 bps over the Canada Mortgage Bond yield for the requested term.