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Financing Categories

CMHC Insured Mortgages

MCAP, one of Canada’s largest independent originators of CMHC mortgages is your Expert Partner with in depth knowledge of CMHC's multi-family products for both new and existing properties. Our focus is to provide long term financing on apartment buildings, retirement home projects and affordable housing projects.

Eligible Property Types — Residential Rental & Retirement Homes


  • —British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, New Brunswick
  • —Minimum Population of 20,000

Loan Amounts — $2.0 M to $100 M

Loan To Value — Up to 85%

Terms — 5 and 10 Years

Interest Rate — Spread over interpolated Canada Mortgage Bond Rates

Recourse — As may be required by CMHC

Lender Fees — N/A

Commitment Fees — 1% paid on commitment acceptance and refunded on loan advance

Amortization — Up to 40 years

Eligible Security — First Mortgages, Second Mortgages, Pari Passu Mortgages, Top-ups

Tax Escrow — May be required

Minimum Debt — Five Year – 1.30X

Service Coverage — Ten Year – 1.20X

Reserves / Holdbacks — May be required per CMHC Certificate of Insurance

Reports — Phase | ESA

Interest Rates

MCAP offers market competitive rates.

Carry your Rate Forward

MCAP also offers our clients forward fix features as part of the financing package, preserving low rates longer.

Conventional Commercial Financing Solutions

MCAP, one of Canada’s largest independent originators of commercial mortgages is your Expert Partner with in-depth knowledge of Canada’s ever evolving commercial mortgage market. Our Conventional Commercial Financing Solutions program has been created with a focus to provide long-term financing solutions for a full range of asset classes; ranging from: mixed-use, office/retail, industrial, multi-family and hospitality projects. In addition MCAP, is able to offer secondary and top-up financing on these asset classes at industry leading rates.

First Mortgage Financing

Asset Class:

  1. Multi-Family
  2. Retail / Plaza
  3. Office
  4. Mixed-use
  5. Industrial
  6. Hospitality

Term: 1-5 years

Amortization: Up to 25 years

LTV: Up to 75%

Loan Sizes: $2.5Million – $10Million

Interest Rate: Competitive Spread over GOC

Location: Major Population centers across Canada

Top-up Financing and Second Mortgages

Asset Class:

Top-up Financing:

  1. Multi-Family
  2. Retirement Homes

Second Mortgages:

  1. Retail /Plaza
  2. Office
  3. Mixed-use
  4. Industrial
  5. Hospitality

Term: 1-5 Years

Amortization: Up to 25 Years, Interest Only Option

LTV: Up to 85%

Loan Sizes: $1 Million – $10Million

Interest Rate: Competitive Spread over GOC

Location: Major Population centers across Canada

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