Citifund arranged two separate MLI Select CMHC insured take-out loans secured by this two-building rental complex with shared parkade. The two-loan structure allowed for the loans to fund each building as they were completed, allowing the borrower to pay out a portion of the higher cost construction loan early with the low cost CMHC financing. The overall leverage was 95% loan to cost, and the 5-year rate was set at 4.00%.