Financing Categories

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

Locations

• —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

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