This mortgage is available for:
- Multi-unit residential (5 or more rental units)
- Retail plazas, strip malls and shopping centres
- Office buildings and medical centres
- Industrial buildings
This mortgage is not available for highly specialized real estate including:
- Hotels and motels
- Social clubs and banquet halls
- Schools and places of worship
- Recreational real estate
- Car washes and restaurants
- Properties that require stabilization (currently vacant or being retrofitted)
This mortgage is only available as a first mortgage.
The amount of financing available is based on the property's Lending Value and the Net Income available to service the debt.