![](https://www.citifund.com/wp-content/uploads/2022/10/Wildcat-project.png)
Citifund secured a 95% LTC CMHC insured MLI Select construction loan for this 152-unit rental apartment building development in Nanaimo. The 24-month construction term was fixed at Prime minus 0.35% and allowed the borrower to utilize the full appraisal land lift with no cash equity injection required.