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.

Citifund is pleased to have arranged a 90% loan to value CMHC insured financing under the MLI Flex Program for the construction of this 87-unit affordable rental apartment building in the Fairfield neighborhood of Victoria. The interest rate for the 24-month construction term was set at Prime+0%. The construction loan will convert into a term loan upon completion with a 10-year term length and 40-year amortization.

The project loan represents 77% loan to cost for ‘Premiere’, a 72 unit rental apartment with strata office on the second floor and retail on the main.

A full leverage CMHC insured mortgage for this small rental apartment building in Williams Lake, BC.  The 10-year term loan rate was locked at 1.94% which allowed for improved cash flow and an equity takeout.

A full leverage CMHC insured mortgage secured by this rental apartment building in Williams Lake, BC.  The 5-year term loan rate was locked at 1.44% which allowed the borrower to maximize equity takeout.

An 85% LTV CMHC insured financing of this 12-unit rental apartment building in Abbotsford.  The 5-year term loan was locked at 1.49%.

An 85% LTV CMHC insured financing of this renovated rental apartment in the Grandview-Woodland area of Vancouver.  The 10-year rate was locked at 1.72% which allowed the borrower to maximize leverage and repatriate the project renovation costs.