CMHC-Insured Mortgages

Borrowers

In 2021, KingSett Capital launched the Multifamily Mortgages Group, which focuses on Canada Mortgage and Housing Corporation ("CMHC")-insured mortgages. The program finances multifamily, senior- and student-housing owners and developers across Canada’s primary and secondary markets.

$12.0BLoan Commitments Since 2022

700+Loans Funded to Date

Loan Offerings

Term

Loan Size: $2M+
Term: 1 - 10 Years
Amortization: Up to 50 Years
Purpose: Construction Takeout, Acquisition, Refinance, Assumption/Renewal
Assets: Standard Apartment, Mixed-Use, Student Housing, Co-ops, Not-for-Profits, Senior Housing
Rate Lock: Competitive forward fixing available up to 120 days prior to funding date
Top-Up Program: CMHC-Insured pari-passu and second mortgages, Conventional second mortgages

Construction

Loan Size: $20M+
Purpose: New Construction, Purchase Plus Improvements, Conversions
Term: According to project timeline
Amortization: Interest only
Exit Strategy: Automatic conversion to KingSett CMHC term financing

Featured Loans

$38.2MSarnia, ON

Construction financing for 4-storey apartment building

118 UnitsInstitutional BorrowerMarket RentalConstruction LoanMLI Select – Energy Efficiency, Accessibility

$2.4MVancouver, BC

CMHC-insured financing for 24 rental units

24 UnitsNon-Profit BorrowerMarket & Affordable RentalTerm Loan – CMHC 1st MortgageMLI Select – Affordability

$139.9MLongueuil, QC

Completion take out of 20 storey tower for future development projects

357 Units/30,260 sf CommercialPrivate BorrowerMixed-UseTerm Loan – CMHC 1st MortgageMLI Select – Energy Efficiency, Affordability

$96.4MCalgary, AB

Construction take out of mixed use property achieving Affordability and Energy Efficiency through MLI Select Program

335 Units / 13,591 sf CommercialPrivate BorrowerMixed-UseTerm Loan – CMHC 1st MortgageMLI Select – Energy Efficiency, Affordability

$14.0MBedford, NS

Refinance of 28 rental units to provide equity for capital repairs or improvements across borrower’s portfolio

78 UnitsPrivate BorrowerMarket RentalTerm Loan – CMHC 1st MortgageMLI Market

$15.4MMontréal, QC

Refinance of student housing property achieving Energy Efficiency through MLI Select Program

27 UnitsPrivate BorrowerStudent HousingTerm Loan – CMHC 1st MortgageMLI Select – Energy Efficiency

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