Canada Multifamily Investors Blog

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Your Financing Application Goes Into a BLACK HOLE!

Jan 23, 2021

When you apply for financing for apartment buildings, whether for CMHC-insured financing or conventional financing, it's almost like your financing application is going into a BLACK HOLE and you're never sure what's going to come out of it!

You cannot predict with exact certainty how the bank and/or CMHC will treat your financing application. 

There is no cookie-cutter approach for all deals!

You won't know for sure what loan amount they'll give you, what cap rate and vacancy rate they'll use in their pro forma, etc., and they won't commit to anything in advance until you've submitted all your supporting documents and each deal is underwritten on a case by case basis on its own merits.

In this post, I share with you four tips on how to somewhat reduce uncertainty and build your reputation in the business.

For your convenience, I've attached below the link to CMHC's Underwriting Reference Guide which I refer to in the post.


Wishing you well!



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