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

Target Properties

• Standard Rental Housing
• Affordable Housing
• Retirement Housing
• Supportive Housing
• Student Housing
• Single Room Occupancy

CMHC Insured Mortgage Program

• 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 5-24 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.

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