![](https://www.citifund.com/wp-content/uploads/2024/03/Lydia.png)
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.