Citifund is pleased to have arranged the CMHC insured MLI Flex takeout financing for “Origin”, a 225-unit rental apartment building in the heart of Lonsdale in North Vancouver, BC. In a volatile interest rate environment, Citifund was able to provide the borrower with rate fixing and creative options that helped produce a 91% LTC take-out facility at a market leading rate. The financing allowed the borrower to payout the construction financing, repatriate equity and sustain strong cash flow for the foreseeable future.