Citifund arranged a 65% LTV inventory loan to refinance five remaining luxury strata townhomes within a 20 unit development. The 18-month inventory loan is priced at P+2.75%.

 

 

Citifund arranged a 70% LTV repositioning bridge loan to facilitate the acquisition of one apartment building and the renovation of all three buildings. The two-year bridge loan is fixed at 5.65% with interest only payments.

Citifund arranged separate CMHC insured loans to refinance three rental apartments located in the Grandview-Woodland neighbourhood in Vancouver, BC. Citifund was able to fund the loan within 1 month from CMHC COI issuance beating a tight timeline to the bond pool cutoff. The 5-year term rate was fixed at 3.388%.

Citifund arranged a 90% loan to cost CMHC insured construction loan under the MLI Select program for a 6-storey mixed use rental apartment building in Abbotsford, BC. The 24-month construction financing is priced at Prime less 0.35%.

Citifund arranged a 94% loan to cost CMHC insured construction loan under the MLI Select program for a 5-storey rental apartment building in Langley, BC. The 24-month construction financing is priced at Prime less 0.35%. This financing was approved with no rental achievement holdback on the construction loan amount.

Citifund arranged an 87% loan to cost CMHC insured takeout loan under the MLI Select program for an 8-storey mixed use rental apartment building in Vancouver, BC. The 5-year term is priced at 3.512% with a 50-year amortization.

Citifund facilitated an 87% loan to cost CMHC insured takeout loan under the MLI Select program for a 7-storey mixed use rental apartment building in Vancouver. The 5-year term rate was fixed at 3.80%.

Citifund facilitated a $16,377,000 CMHC insured take-out loan under the MLI Select program for the development of a 6-storey mixed-use rental apartment building in Vancouver. There was no EGI or rent stabilization test required.

Citifund arranged a 91% loan to cost CMHC insured takeout loan under the MLI Select program for a 65-unit residential plus commercial rental project in the Fleetwood Neighbourhood of Surrey, BC. The 5-year term is priced at 3.621%.

Citifund arranged an 85% loan to cost, interest only, bridge loan to fund the acquisition of three apartment towers (224 apartment units) in downtown Edmonton, AB. The loan provided the client leverage and the flexibility to refinance with CMHC once each asset is fully stabilized.

 

Citifund arranged an 85% LTC construction financing, including a pre-construction land advance, to develop a 31-unit townhouse development in the Langara neighbourhood of Vancouver. The interest rate started at P + 1.70% and reduces to P + 1.50% at the construction start.

Citifund arranged an 80% loan to cost construction financing for the 70 unit townhouse project Morrison Walk in North Vancouver. Given the slow pre-sale market, a key to this financing was the 25% pre-sale test.