$9,598,000 An 85% LTV CMHC insured financing (73% of purchase price) for the acquisition of this new purpose built rental apartment building in Chilliwack. The 10-year term rate was set at 1.94% which included a 4 and a half month rate hedge. The building features condo-like quality and is stabilized with high market rent in place.

$11,500,000 A 70% Loan to Cost ‘Spec’ financing for this 89,942sf warehouse facility in the heart of Campbell Heights. The client wanted the
flexibility to build the project without any pre-leasing test.

$29,000,000 This retail refinancing represents 70% loan to value for the Wembley Mall, a food anchored power centre and shopping mall in Parksville, BC. The new financing allowed the owners to repatriate capital during turbulent times at P+1% (3.45%) with the option to switch to a 5-year fixed product when the Covid situation settles.

A 64% loan to purchase price term financing for the acquisition of this industrial unit in West Kelowna. The 5-year term rate was locked at 2.6%.

A 47% loan to purchase price acquisition financing for this 8-unit rental apartment building in the Marpole area of Vancouver. The 5-year conventional term was fixed at 3.10%. This financing allowed the borrower to close the purchase and start the renovation program.

A non-recourse CMHC insured loan for the refinancing of this 8-unit rental apartment building in the Cambie neighborhood of Vancouver.
This financing allowed the borrower to payout the existing debt and extract equity out for other investment use. The 10-year fixed rate was
set at 1.81%.

Citifund arranged a 5 year-term CMHC insured financing for this 14- unit rental apartment building located in South Granville, Vancouver.
The loan allowed the borrower to take out equity and expand their portfolio. The 5-year interest rate was locked at 1.62%.

A 75% LTV CMHC insured loan for the refinancing of this rental apartment building in the Fairview neighborhood of Vancouver. The 10-year loan was locked at 1.72%. This financing allowed the borrower to payout the existing debt with low rate financing which reduced mortgage costs and improved cash flow.

An 80% LTV CMHC insured loan for the refinancing of this rental apartment building in the Kitsilano neighbourhood of Vancouver. The 10-year loan was locked at 1.72%. This financing allowed the borrower to payout the existing debt with low rate financing which reduced mortgage costs and improved cash flow.

A CMHC insured second mortgage secured by this renovated and stabilized rental apartment building in the Strathcona area of Vancouver. The 10-year term rate was set at 1.88%. This additional equity takeout allowed the borrower to invest in another rental apartment project.

A 59% LTV non-recourse CMHC insured loan secured by this rental apartment building in the Kitsilano neighborhood of Vancouver. The 10-year loan is locked at 1.725%. This financing allowed the borrower to payout the existing debt with low rate financing which reduced mortgage costs and improved cash flow.

A 64% LTV non-recourse CMHC insured loan for the refinancing of this rental apartment building in the Kitsilano neighborhood of Vancouver. The 10-year loan is locked at 1.745%. This financing allowed the borrower to payout the existing debt with low rate financing which reduced mortgage costs and improved cash flow.