Call or write.
Tell us which building it is and what you want to do with it. You don't need any documents yet.
5 units or more? The loan can cover 85%. Sometimes 95%.
That's with a CMHC-insured loan, on the value CMHC sets for the building. MLI Select goes to 95% if you commit to affordable rents, energy efficiency or accessibility. We work in Québec and Ontario. We take your building to several lenders and compare what they offer.
Bond yield as of the last business day, for information only.
$75M+ financed in the past two years
10+ lenders
Let's have a
discovery call.
We look at what you have.
Half a file is fine. We tell you what's missing. There's no minimum loan.
Then to a lender.
Once the file is complete. Fixed rates usually follow the 5-year Canada bond, shown here for the last five months (Bank of Canada).
Buying, refinancing
or building?
Income properties
Multi-unit buildings with 5 or more units, offices, retail and industrial: purchase, refinancing or equity take-out.
Get funded
What the lender calculates
The debt coverage ratio
The building's net operating income divided by its yearly mortgage payments. At 1.20, net income is 20% higher than the payments. For a CMHC-insured multi-unit loan, the minimum ranges from 1.10 to 1.30, depending on the number of units, purchase or refinance, and the length of the term. We work this out from the building's real statements, before any lender sees the file.
1.20$120,000 ÷ $100,000
1.10 to 1.30minimum, insured multi-unit
Example calculation. Minimums: CMHC Standard Rental Housing sheet, 2025.
Construction and land
Construction loans paid out in stages, land purchase and bridge financing between two stages.
Get funded
During construction
A loan paid out in stages
You don't get the whole loan on day one. The lender pays as the work gets done, once the costs are checked. On a CMHC-insured rental, a quantity surveyor checks them, and CMHC signs off on the first and last advance.
Stages shown as an example. Insured loan: up to the lesser of 85% of cost or the value CMHC sets.
What's needed.
5 units or moreMulti-unit
Purchase · Refinance · CMHC
Rent roll, leases, financial statements for the last two years, tax and insurance bills.
See the financing
Offices · retailCommercial and industrial
Owner-occupied · Leased
Financial statements of the business or the building, current leases, recent appraisal if any.
See the financing
ProjectsConstruction and land
Construction · Land · Bridge
Detailed construction budget, plans, permits, schedule, land cost and income projection.
See the financingWhen to call us
Pick your situation.
Let's talk about your project.
Where it is, how many units, and what you want to do: buy, refinance or build. We call or email you back. You can also call us yourself, any day from 8 a.m. to 10 p.m.