Citifund arranged an 82% LTC construction loan for a 99-unit townhouse development in Mission, BC.  The interest rate was set at P + 1.50% and stepped down with pre-sale achievement.

A 91% loan to cost CMHC insured construction loan under the MLI Select program for two 4-storey mixed use rental apartment buildings in Parksville, BC.  The 24-month construction financing is priced at Prime less 0.25%.

Citifund arranged the construction loan of $58,347,000 (89% of Loan to Cost, inclusive of DPI) for this mid-rise condo project in the City Centre of Surrey.   The construction mortgage rate is CORRA priced.  The equivalent rate is Prime + 0.60%.

An 84% loan to cost CMHC insured construction loan under the MLI Select program for the development of a 6-storey mixed-use rental apartment building in Vancouver, BC. The 24-month construction interest rate was set at Prime less 0.5%.

A 79% loan to cost CMHC insured construction loan under the MLI Select program for the development of a 6-storey mixed-use rental apartment building in New Westminster, BC.  The 32-month construction interest rate was set at Prime less 0.5%. 

Citifund is pleased to have arranged the CMHC insured construction takeout financing under the MLI Select program for Riva 4, a new 167-unit rental apartment building.

Citifund arranged a $78,558,000 construction loan (85% of Loan to Cost with land at appraised value) for this mixed-use condo project. The loan structure allowed for limited cash equity with excellent pricing.

Citifund arranged a 90% loan to cost CMHC insured takeout mortgage under the MLI Select program for the recently constructed 6-storey mixed-use rental apartment building in Vancouver.

Citifund is pleased to have arranged the 82% LTC construction financing on this mixed-use condo development in Delta. The project includes a condo tower with commercial space plus a rental apartment building. The financing allowed for a land advance while the borrower achieved the presale requirement.

Citifund is pleased to have arranged the CMHC insured construction takeout financing under the MLI Select program for this two air space parcel residential project.

Citifund arranged for an 84% loan to cost CMHC insured construction loan under the MLI Select program for the development of a 6-storey mixed-use rental apartment building in Vancouver, BC. The 18-month construction term was set at Prime less 0.30%. This construction financing facilitated zero cash equity and only land appraisal surplus.

Citifund is pleased to have arranged a 58% loan-to-purchase price bridge financing for the acquisition of a 10-acre open-air retail centre in Surrey, BC. The flexible structure included attractive pricing at Prime +0.75%.