CMHC Financing

CMHC Insured Financing for Multi-Residential Properties

Amortizations up to 50 years and leverage up to 95% LTV for apartment and multi residential buildings across Ontario, including the MLI Select program for energy efficient and affordable housing, with preferential insured pricing versus conventional commercial financing.

Start Your Application Call (905) 482-9393

Up to 95%

LTV / LTC

Up to 50 Yrs

Amortization

MLI Select

Program access

Insured financing built for apartment owners and developers

CMHC insured financing gives multi-residential and apartment building owners access to higher leverage and longer amortizations than conventional lenders offer, through two programs: MLI Standard and MLI Select. Both carry preferential insured interest rates versus conventional commercial financing, and we arrange either for purchases, refinances and construction take-out on qualifying multi-residential assets.

MLI Standard is the straightforward path: up to 85% loan-to-value with no scoring criteria and a faster approval timeline, well suited to stabilized existing buildings. MLI Select unlocks more, up to 95% LTV/LTC and amortizations to 50 years, for projects that commit to affordability, energy efficiency or accessibility standards on a points system. Note that CMHC’s insurance premium scales with leverage and amortization on both programs, so the right structure depends on your project’s numbers. We’ll model it with you before you commit to a strategy.

Purchase, refinance and construction take-out financing
MLI Standard: up to 85% LTV, no points required
MLI Select: up to 95% LTV / LTC and 50-year amortization at 100 points
MLI Select access for energy-efficient, accessible and affordable housing
Minimum 5 rental units required for either program

At a Glance

Up to 95%

LTV/LTC, MLI Select

Up to 85%

LTV, MLI Standard, no points needed

Up to 50 Yrs

Amortization, MLI Select at 100 points.

5+ Units

Minimum for either Program

MLI Standard vs. MLI Select

Both programs are CMHC-insured, so they carry preferential rates compared to conventional commercial financing. The right one depends on whether your project meets MLI Select’s scoring criteria and whether the extra leverage is worth the added documentation and timeline.

	MLI Standard	MLI Select
Max LTV / LTC	Up to 85%	Up to 95%
Max Amortization	Up to 40 years	Up to 50 years, at 100 points
Eligibility	No Scoring required	Minimum 50 points across affordability, energy efficiency and accessibility
Approved Timeline	Faster, Fewer Documentation Requirements	Longer more documentation to support scoring
Best For	Stabilized existing buildings	New construction or upgrades chasing maximum leverage

How it works

01

Confirm Eligibility

We review unit count, rent roll and financials against CMHC’s insured lending and MLI Select point criteria.

02

Structure the application

Your file is packaged to meet CMHC and lender underwriting requirements, modeling leverage against premium cost.

03

Lender & CMHC review

We manage the process between lender and CMHC through to insurance approval.

04

Fund on preferred terms

Close with the leverage, amortization and insured rate that fits your project.

Frequently asked questions

What properties qualify for CMHC insured financing?

Multi-residential and apartment buildings across Ontario with 5 or more rental units that meet CMHC’s underwriting criteria, for purchase, refinance or construction take-out.

What is MLI Select?

A points-based CMHC program offering enhanced leverage and amortization for multi-residential properties that commit to affordability, energy efficiency or accessibility standards. A minimum of 50 points unlocks enhanced terms; 100 points is required for the full 50-year amortization.

Why choose CMHC insured financing over conventional?

Insured financing allows leverage up to 95% LTV and amortizations up to 50 years, well beyond the 75-80% LTV and 25-30-year terms typical of conventional commercial lenders. Insured interest rates also tend to run lower, though CMHC’s insurance premium increases with leverage and amortization, so we model the full cost with you before recommending a structure.

MLI Select Points Tiers

Every point earned across affordability, energy Efficiency and accessibility moves your project into a better tier, each one unlocking a bigger premium discount and, at the top tier, the full 50-years amortization.

Points	Owner-occupied property	Investment property
50 Points	10% off the base premium	Started terms apply
70 Points	20% off the base premium	Extended amortization becomes available
100 Points	30% off the base premium	Full 50-years amortization