Citifund is pleased to have arranged $4,920,000 in CMHC insured construction financing under the MLI Flex Program for this 15-unit Rental 100 apartment building in the Mount Pleasant neighbourhood of Vancouver. The interest rate for the 18-month construction term was set at Prime+0.40% (2.85% today). The construction loan will be converted to a 10 year term loan upon issuance of the occupancy permit with a 40-year amortization.