|
 "innovative
methods of borrowing which can reduce the cost of financing
for an owner or developer"
Peoples Trust has outstanding in-house expertise in the area of multi-family product, be it construction, take out, or renewal financing.
In addition to the acquisition of mortgages for its own portfolio, Peoples Trust has strong relationships with other institutions and has been able to engineer some innovative methods of borrowing which can reduce the cost of financing for an owner or developer.
The company has also developed a close working relationship with Canada Mortgage and Housing Corporation and is adept at providing financing using mortgage insurance as a mechanism to reduce the cost of borrowing.
CMHC Mortgage Loan Insurance for Multiple Unit
Properties:
This
publication contains the fees, premiums, underwriting norms and documentation required for
CMHC Mortgage Loan Insurance for multiple unit
properties including rental, licensed care and
retirement facilities, and affordable housing through
partnerships.
Recent Transactions:
Fifteen Suite Apartment Building, Edmonton
Loan Amount: $556,100
Asset Type: Multi-Family Apartment
Interest Rate: Fixed Rate
Term: 5 years
Security: CMHC insured 1st Mortgage
Twenty-two Suite Rental Apartment Building,
Edmonton
 Loan
Amount: $795,700
Asset Type: Multi-Family Apartment
Interest
Rate: Fixed Rate
Term: 10 years
Security:
CMHC insured 1st Mortgage |
