Peoples Trust success in our niche areas of multi family and seniors housing financing is complimented by our ability to provide construction and development loans as well for retail, industrial, land servicing and renovation projects. Our ability to provide construction financing can enhance the overall debt package on a development. The combination of construction and long term financing in one loan package has often saved our clients time and money. The flexibility to rearrange some financial terms during construction and to have several options available for long term has made our construction mortgages very attractive to many successful owners and developers.

Peoples Trust has wide experience in providing CMHC insured construction loans for apartment buildings and seniors housing in ALL geographic areas where NHA insured loans are available.

Our fast and efficient mortgage servicing enhances our construction lending terms by providing exemplary service to our clients with timely draws and always available customer service.

CMHC Mortgage Loan Insurance for Construction Properties: 

This publication contains the fees, premiums, underwriting norms and documentation required for CMHC Mortgage Loan Insurance for construction properties including rental, licensed care and retirement facilities, and affordable housing through partnerships effective June 2, 2003.

Recent Transactions:

Construction Project, Richmond Hill, Ontario

Loan Amount: $10 Million
Asset Type: 75 Bed Care Facility

Interest Rate: Floating then Fixed Rate
Term: 10 years

Security: CMHC insured 1st Mortgage