Multi-Family Residential
Smart-risk lending solutions for multi-family property owners and developers
With population growth, Canada needs multi-family residential housing and BizMoney plays a major role in financing it.
The multi-family asset class is the largest and most popular form of commercial real estate in Canada. As empowered advisors, we provide smart-risk solutions, both insured and conventional, to property owners with small or large portfolios alike.
Multi-family assets we finance:
Throughout our history of lending across Canada, we have amassed significant experience in financing multi-family properties with five or more self-contained rental units including:
- Purpose built rental apartment buildings (affordable and market rents)
- Condominiums
- Townhouses
- Row houses
We also provide full support and expertise to owners and developers of student and retirement housing.
Your Multi-Family partner
Whether you need to refinance an existing loan, raise capital to acquire an asset, or secure construction financing to build a new property, our experts have deep industry knowledge and broad market coverage to meet your needs.
Structure multiple options with our multifamily advisors
CMHC Financing
At BizMoney we are experts in securing insured financing that offers lower interest rates, higher loan-to-value ratios, and longer amortizations. An insured mortgage enables borrowers to manage cash flow more effectively and realize higher investment returns.
Standard Financing
BizMoney’s standard financing programs are favored by borrowers when acquiring a new property or refinancing an existing building. Loan terms typically range from three to five years, have a fixed interest rate, and are closed to prepayment for the term’s duration.
Bridge Financing
BizMoney’s bridge loan terms usually range from three months to three years, include floating interest rates and allow some form of early prepayment. Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or enhance their tenant roster.
Secondary Financing
A BizMoney second mortgage enables borrowers to access property equity and use it to purchase another asset or renovate/repair their existing property.
Asset Repositioning
BizMoney enables owners to access a property’s equity for a short term, typically two years or less, to fund capital improvements or repairs without the need to raise capital from personal sources or less flexible, higher-cost alternatives.
Construction financing
A BizMoney construction loan, whether CMHC insured or conventional, provides funds to cover the cost of building or rehabilitating a multi-family property with terms typically of three years or less.
Our Motto
Fast and Streamlined Multi-Family Financing
We understand that our clients need to work fast and efficiently in order to stay ahead of the game. That’s why we’ve designed our Multi-Family Financing process to be as fast and streamlined as possible. Here’s what you can expect when you apply for Multi-Family Financing with BizMoney:
1. Fill out our online application form
2. Provide any necessary documentation
3. Receive a customized funding solution
At BizMoney, our goal is to make Multi-Family Financing as accessible and hassle-free as possible, so that you can focus on what matters most – growing your business.
Partner with a professional capital advisor
By working with accredited agents, we provide you with premium commercial real estate financing at the most competitive rates.
Work with our licensed agents to secure competitive commercial real estate financing. Get in touch by filling the application and start your Journey now.
Our network of trusted professionals ensures that you receive the best possible rates and terms tailored to your specific needs.
Access the equity you’ve built in your home for other financial priorities including renovations, investments, debt or family obligations.
If you wish to renew your mortgage. Contact our Mortgage expert today to get the quote of your mortgage Renewal.
