Terra Alta Apartments, Victoria, BC, $12,589,000 CMHC Refinancing. Funded September 2021. A fully levered CMHC insured loan to take out the construction loan and provide equity take out of this recently completed 50 unit rental apartment building in Langford, BC. The 5-year rate was locked at 1.96% with a 35-year amortization with market-leading CMHC value on a value per unit basis.