Approximately 30% of Canadians rely on rental housing to meet their accommodation needs – from students to seniors to those requiring affordable housing. MCAP and CMHC offer financing and loan insurance products to help builders and purchasers offer rental options to Canadians across the country.
If you’re building, purchasing, or refinancing a multi-residential property, CMHC and MCAP can help you access the financing you need.
Why consider CMHC for multi-family financing
CMHC is Canada’s only multi-residential mortgage insurer, offering a variety of loan insurance products for affordable and market rental housing. Here are some of the loan insurance products available.
Standard Market Rental
Why MCAP is your best lending partner for CMHC insured financing
As Canada’s largest mortgage finance company, MCAP is a leading provider of CMHC insured lending programs. We have a dedicated team of specialists with a deep understanding of CMHC guidelines as well as a strong and well-established relationship with CMHC. Due to our high activity volumes across Canada, we are in constant communication with CMHC, which means we can provide the most up-to-date information and advice to our clients.
Acquiring a new multi-family asset? We have solutions
If you need to access financing quickly and it’s not possible to secure CMHC insured financing in time for closing, MCAP can help with our short-term Bridge Program. This program offers timely underwriting to ensure a fast closing, flexible terms and the ability to secure a competitive rate for your long-term financing up front. Plus, while we are assisting you with your closing, we will apply for the CMHC Certificate of Insurance at the same time, which will ultimately replace your short-term bridge loan.
If insured financing is not for you, we can offer a variety of uninsured financing options, with terms ranging from one to five years. With flexible deal structuring to meet your needs, competitive pricing for all types of loans and timely underwriting to ensure quick closing, you can be sure that MCAP has your back when it comes to your financing needs.