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.

Citifund is pleased to have arranged financing for the purchase and renovation of this 10-unit rental apartment building located in the heart of the Marpole neighborhood in Vancouver. The project loan represents 80% of the total project budget/cost which allowed the borrower to minimize equity and maximize project ROE.

A 64% LTV non-recourse CMHC insured loan secured by this rental apartment building in the Kitsilano neighborhood of Vancouver. The 10-year loan was locked at 1.74%. This financing allowed the borrower to payout the existing debt with low rate financing which reduced mortgage costs and improved cash flow.

An 80% loan to purchase price CMHC insured financing for this well maintained rental apartment building in Penticton. The 10-year term was fixed at 1.73% with a 30-year amortization.

An 82% Loan to Value CMHC insured financing secured by this restored heritage mixed-use retail and residential rental apartment building in the Old Town district of Downtown Victoria. The 10-year loan term was locked at 1.66% which allowed the borrower to payoff the existing debt and repatriate equity invested during the reconfiguration of the commercial space.

Citifund arranged 76% loan to cost construction financing, with land at appraised value, for this 54-unit condo project in Maple Ridge. The prime based pricing was set at 3.70% (P+1.25%) and with the Deposit Insurance included, the leverage is 85% loan to cost.

An 85% loan to value CMHC insured financing for this extensively renovated rental apartment building in the Mary Hill neighborhood of Port Coquitlam. The 10-year term was fixed at 1.83% which allowed the borrower to repatriate renovation costs and pull equity out for other development use.