![](https://www.citifund.com/wp-content/uploads/2023/10/Spadina-PI.png)
Citifund arranged a 73% loan to cost CMHC insured construction loan under the MLI Select program for the development of a 6-storey rental apartment building in Chilliwack, BC. The 18-month construction term was set at P + 0%. The construction financing structure minimized equity by utilizing the full land appraisal surplus.