Carnarvon Street Apartments, New Westminister, BC, $3,913,350 CMHC Refinancing. Funded September 2021. An 85% loan to CMHC value for the refinancing and equity take out of this fully renovated rental apartment building in New Westminster, BC. The 10-year term rate was fixed a few days after CMHC approval allowing the Borrower to avoid increases in the bond yields.