CMHC Financing

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CMHC Insured – MLI Select

  • As a Nationally Approved Lender Correspondent, High Street can represent you directly to the Canada Mortgage and Housing Corporation CMHC to attain a favourable “Certificate of Insurance” (COI) for your multi-family project. We work very closely with CMHC and a wide range of national and CMBS lenders to structure and fund CMHC-insured mortgages on a variety of multiple-family housing types, including apartments, townhouses, senior’s long-term care and assisted living facilities.
  • Our team’s expertise includes comprehensive knowledge of CMHC’s products and policies on new and existing multi-unit projects, including the new MLI Select program for affordable housing. For “Large Portfolio” borrowers High Street facilitates the completion of CMHC’s Financial Capacity Review (FCR).
  • High Street provides tailored solutions with CMHC’s MLI Select product. This multi-unit mortgage loan insurance allows borrowers to access reduced premiums and extended amortization periods by meeting affordability, accessibility, and climate compatibility criteria. More than half of our CMHC deals utilize MLI Select, providing financing for construction, improvements, purchases, refinancing, and building conversions. This program offers reduced premium rates upfront, replacing the older Flex applications for affordable housing. MLI Select streamlines the process, making it easier for you to achieve your housing goals.

Construction Financing 

  • High Street’s expertise span across all real estate asset classes. Whether you are building a retail centre, an industrial property or a multi-family residential development, High Street can structure market-leading capital solutions for your project. High Street can assist developers in arranging land acquisition as well.
  • High Street has provided construction financing for developers, home builders, and large corporations throughout Western Canada including BC and Alberta. We have solutions tailored to your specific needs and experience in complex deals. Get in touch with High Street and let’s discuss the construction financing needs for your project. We take the time to understand your project and provide the right construction loan with the flexibility to meet your needs.
  • Whether you are starting to look for a land acquisition or need financing to complete your project, we can structure the loan to give you the funds you need. We will work with you every step of the way.

Asset Classes

The Edward Block - Multifamily

Multifamily

Southview Industrial Park

Industrial

Land

Pioneer Plaza

Retail & Office

equity-joint-ventures

Mixed-Use

Solid Reputation

We have had the honor and privilege of growing our company over the years largely through word-of-mouth referrals from brokers, borrowers, other lenders, and stakeholders within the greater commercial real estate community.

In-House Efficiencies

We effectively and efficiently execute each loan entirely in-house for a seamless process including but not limited to construction draws, inspections and underwriting.

Stellar Team

Our competitive advantage is rooted in our team’s extensive experience in underwriting construction loans. Our vast knowledge of and experience in development is crucial to effectively underwriting and managing loans.

Partners Group Shot #2 - High Street
Partners Group Shot #2 - High Street

FINANCING

Financing Types

Debt

Structured Finance

Equity

Lending Guidelines

Type of Financing
Construction, Term, Acquisition, Refinance.
Loan Size
$1 million to $500 million.
Lending Region
Nationwide (Canada).
Amortization
Amortized or Interest Only project dependant.
Interest Rate
Competitive Rates based on Project.
LTC/LTV
Up to 95% LTC/95% for CMHC MLI SELECT Multifamily, Up to 75% LTV for other properties.
Property Types
Multifamily, Industrial, Office, Retail, Residential and Mixed-Use.