A 5-year conventional term loan at 4.00% was arranged for the acquisition of this rental apartment building located in New Westminster. The rate was fixed 60 days prior to closing giving the borrower peace of mind during a volatile interest rate market.

Citifund is pleased to have arranged a $4,100,000 term loan for the acquisition of an industrial property located in the Gloucester Industrial Estates industrial area in Langley, BC. Citifund was able to arrange a five-year fixed-rate term loan at 3.50% with the option to repay or refinance after two years without penalty.

Citifund arranged a 78% LTV CMHC insured term financing for the refinancing and equity take-out of this 57-unit rental apartment building. The 10-year term was fixed at 3.44% with a 35-year amortization. The financing allowed the borrower to payoff the existing debt and extract equity out for future investment.

Citifund arranged a 65% LTV land financing for the purchase of a townhouse development site within the Queen Elizabeth neighbourhood. This financing was arranged at Prime + 1.85%.

Citifund was pleased to arrange a 78% LTC CMHC insured MLI Select construction loan for this mixed-use commercial and residential rental apartment in the Renfrew-Collingwood neighbourhood of Vancouver. This development was approved under the City of Vancouver’s affordable rental program (Rental 100) and qualified for MLI Select through energy efficient construction.

Citifund arranged an 85% LTC construction financing for this 57-unit condo development in Maple Ridge. The blended rate across the total capital stack was set at Prime + 0.65%.

Citifund arranged an 82% LTC construction financing for this 16-unit townhouse project in the Cambie Village neighbourhood. With the Deposit Insurance Facility included, the blended rate was approximately 3.4% at the time of funding.

A 75% LTC (with land at appraised value) construction financing for the development of a 17-unit industrial building in Langley, BC. The 18-month term was set at Prime + 1.25%.

Citifund arranged an 87% LTC CMHC insured MLI Select construction loan for this mixed-use commercial and residential rental apartment building in East Vancouver. The 24-month construction term was set at Prime minus 0.25%. This new CMHC financing program permitted the borrower to convert the construction loan into a standard CMHC term loan with a 50-year amortization upon construction completion.

An 80% LTC construction financing for this 98-unit condo project in the Douglas neighbourhood of downtown Langley. The interest rate for the total capital stack was fixed at the time of funding, equivalent to Prime + 0.41%. The financing allowed the borrower to utilize the full appraisal land lift with no cash equity required.

Citifund secured a 95% LTC CMHC insured MLI Select construction loan for this 152-unit rental apartment building development in Nanaimo. The 24-month construction term was fixed at Prime minus 0.35% and allowed the borrower to utilize the full appraisal land lift with no cash equity injection required.

Citifund secured a 95% LTC CMHC insured MLI Select construction loan for this 152-unit rental apartment building development in Nanaimo. The 24-month construction term was fixed at Prime minus 0.35% and allowed the borrower to utilize the full appraisal land lift with no cash equity injection required.