You may be able to be approved for a residential multi-unit mortgage with as little as 5% down.  Construction financing can be achieved with as little as 5% down.  Amortizations can be approved up to 50 years.

At DLC Mainstream Mortgages we have access to many programs to help existing and future landlords purchase apartment buildings will less down payment than the Bank’s lending programs.

There are different criteria for different construction types and typically they are classified as:

  1. Small Rental – (5 & 6 Unit Apartments).
  2. Low Rise Building (Wood & Brick)
  3. High-Rise Building (Concrete Construction)

Mainstream Mortgages clients gain access to our competitive conventional bridge loan programs and second mortgage top ups
available exclusively to CMHC borrowers. CMHC Insurance offers best-in-class multi-family financing options that provide our
clients with:
• Canada’s lowest available interest rates
• Up to 95% loan to value
• Up to 100% loan to cost
• Amortization up to 50 years to maximize loan proceed


Loan Size $3-50 million
Loan Types First Mortgage and Mezzanine
Product Types Construction, Land, Renovation
Loan to Value Up to 95% LTV
Loan to Cost Up to 85% LTC
DSCR Requirements Existing DSCR’s below 1.0x are acceptable
Interest Rate 5.5-8%
Prepayment Flexibility Flexible and structured for each deal
Recourse Non-recourse financing available
Amortization Interest only

Typical Documentation Requirements:

For Individual Borrowers & Guarantors:
– Completed and Signed Application and personal net worth statements.
– Copy of the last 2 years full T1 General Tax Returns (all pages) and Notices Of Assessment

For Incorporated Borrowers & Guarantors:
– Accountant Prepared Financial Statements for the past two years, including the most recent year-end.
– In-house financial statements from most recent year-end to present
– Completion of Mortgage Loan Information Statement indicating the type of structure of corporation.

Property Information:
– Current rental agreements for the subject property with rent effective dates.
– Minimum two years of completed financial statements for the subject property, including a current up-to-date detailed financial statement for the subject property
– Copies of property taxes, insurance, and utilities invoices/bills for the past 12 months.
– Schedule of non-recurring capital costs for the past three years. With appropriate documentation to support the costs of any repairs.
– Detailed physical description of the subject property and surrounding area including age, construction type, number and type of units, and condition.
– Current Phase 1  Environmental Report, with a Letter of Transmittal from the engineer confirming the report has been prepared to Standard Cz768, and that the Lender and Insurer may rely on the report for mortgage lending purposes. (Only required for a property with 7 or more units).
– For rent increases above current actual rates, provide details as to how estimated rental increases would be achieved.
– For properties with commercial/retail space, the total square footage of the building and the total square footage allocated to commercial/retail space, along with copies of commercial/retail leases.

– Current Mortgage Statement with the name of the borrower and lender.
– Up-to-date property tax bill showing all payments have been made and taxes are current.

– The amount and source of down payment.
– Copy of executed Purchase & Sale Agreement

Fees & Premiums:
 Brokerage Fees will vary by deal and will be agreed upon before application commences.  Generally, fees will be approximately 0.75%-2.0%.  Flat fees can be arranged based on project size.

If you are interested in exploring multi-family financing or are an existing investor.   We would love the opportunity to help you with your mortgage financing.


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