CMHC Financing

Our Offerings

Peakhill is one of Canada’s largest CMHC-insured lenders in the apartment space. Since inception, we have funded over $4 billion in CMHC financing, and have a proven track record of delivering a high degree of success for our borrower clients in the CMHC financing space.

As a CMHC approved lender, Peakhill offers greater financing choices to borrowers to purchase or refinance multi-unit residential buildings.

CMHC Insured Term

As a CMHC Insured lender, Peakhill’s clients gain exclusive access to the most competitive CMHC pricing in the market. Not only does Peakhill have the best pricing, but the best execution, advice, and service. Peakhill is a direct lender in:

Standard Rental
- As an Approved CMHC lender, we offer greater financing choices to borrowers with standard rental housing accommodations for multi-unit properties with a loan advanced up to 75% of costs or lending value during construction.
Affordable Rental Housing
- This program encourages construction, preservation, and improvement. Peakhill offers flexibility with higher loan to value ratios, lower debt coverage ratios, and reduced premiums. This program may be advanced up to 95% during construction, and up to 85% for an existing property.
Retirement and Supportive Housing
- This program offers greater financing options for seniors or tenants and offers loan to value up to 75% of ‘as improved’ value, or 85% of ‘as is’ value.
Student Housing
- Purpose built student houses on and off-campuses. Up to 85% lending value for construction financing, up to 85% purchase price, and up to 85% lending value for refinancing.

• Loan Size: $1-150 Million
• Loan to Value/Loan to Cost: Up to 85%
• Asset Types: Multi-Family or Mixed-Use (up to 30% commercial)
• Prepayment Flexibility: Flexible and Structured for each deal

Construction Financing

As a CMHC insured lender, we are able to provide low cost funding for eligible rental construction financing. Peakhill has funded over $15 billion of term and construction financing in our careers, and through our strategic alignment with CMHC we are able to help provide loans for the construction of rental housing across Canada.

Loan Size: $1-150 Million
Loan to Value / Loan to Cost: Up to 95% based on social outcome score
Asset Types: Multi-Family or Mixed-Use (up to 30% commercial)
Prepayment Flexibility: Flexible and Structured for each deal

Let us help you navigate some of the affordable rental housing financing programs offered by CMHC.

CMHC MLI Select

Peakhill offers scalable flexibilities through CMHC’s MLI Select product. MLI Select is a multi-unit mortgage loan insurance products that allows borrowers to access reduced premiums and longer amortization periods in return for meeting affordability, accessibility and climate compatibility.

Over half of our CMHC deals are through MLI Select, allowing for construction, improvements, purchasing, refinancing, and building conversions through these loans. The reduced premium rates are applied up front with this program and replace the previous Flex applications that were in place for affordable housing.

CMHC Insured Term

Standard Rental
- As an Approved CMHC lender, we offer greater financing choices to borrowers with standard rental housing accommodations for multi-unit properties with a loan advanced up to 75% of costs or lending value during construction.
Affordable Rental Housing
- This program encourages construction, preservation, and improvement. Peakhill offers flexibility with higher loan to value ratios, lower debt coverage ratios, and reduced premiums. This program may be advanced up to 95% during construction, and up to 85% for an existing property.
Retirement and Supportive Housing
- This program offers greater financing options for seniors or tenants and offers loan to value up to 75% of ‘as improved’ value, or 85% of ‘as is’ value.
Student Housing
- Purpose built student houses on and off-campuses. Up to 85% lending value for construction financing, up to 85% purchase price, and up to 85% lending value for refinancing.

Construction Financing

Loan Size: $1-150 Million
Loan to Value / Loan to Cost: Up to 95% based on social outcome score
Asset Types: Multi-Family or Mixed-Use (up to 30% commercial)
Prepayment Flexibility: Flexible and Structured for each deal

Let us help you navigate some of the affordable rental housing financing programs offered by CMHC.

CMHC MLI Select

Recent CMHC Closings

As your leading commercial real estate lender, we take pride in our CMHC pricing, giving you high value loans on multi-family and mixed-use properties. See below some of our recent closings.