Completed a $1.49 million CMHC-Insured MLI Select financing for a 3-storey, 5-unit rental apartment building in Trenton, Ontario, achieving 95% LTV with a 50-year amortization at 4.65% interest.
Foundry Mortgage Capital is pleased to announce the successful completion of a $1.49 million CMHC-Insured MLI Select financing for a 3-storey rental apartment building, comprising 5 units, located in Trenton, Ontario. We successfully achieved 95% LTV and secured 50-year amortization at a 4.65% interest rate under CMHC's energy efficiency requirements.
Thank you to our client for trusting Foundry with your capital needs. Congratulations to Akshay Gupta for working diligently to fund this transaction.
If you have CMHC Insured financing needs for your multifamily properties, contact one of our team members today.
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