Key Benefits of the CMHC MLI Select Program
- 50-Year Mortgages: Extendable by 5 years to cover unforeseen construction costs.
- Up to 95% Financing: Only a 5% down payment is required. We exclusively offer financing between 90-95%, far more favorable than traditional lending options.
- Below-Prime Interest Rates: Access competitive rates to maximize returns and maintain positive cash flow.
These features collectively drive exceptional return on investment (ROI), positive cash flow, and robust long-term appreciation for rental properties.
Program Criteria: How to Qualify
To access these favorable financing terms, projects must meet specific thresholds in one or more of the following categories:
- Affordability: A certain percentage of units must be allocated as affordable housing.
- Energy Efficiency: Exceeding standard building code requirements improves financing terms.
- Accessibility: Incorporate features that enhance accessibility to earn additional points.
Investors must also meet net worth and liquidity requirements:
- 5% Deposit on hand
- 5% Additional Liquid Funds as a contingency
- Total Net Worth equal to at least 25% of the total project cost
Streamlined Process: A Step-by-Step Investment Roadmap
This hassle-free program simplifies the investment journey. The CMHC MLI Select program guides you through the following stages:
- Land Acquisition
- Entitlements
- Site Planning & Design
- CMHC Application Submission
- Construction Management
- Lease-up & Stabilization
- Ongoing Property Management
All you need to do is complete the paperwork, and we take care of the rest—including deposits and project management—so you can enjoy consistent cash flow without stress.