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Flexible
Multi-Family
Financing
Whether you're buying, building, or refinancing.
At GNE Mortgages, we help business owners, investors, and developers secure financing for multi-family properties across Canada—with fewer delays and more flexibility than banks. Looking to purchase, refinance, or build? Get customized solutions fast.
Multi-family Financing That Moves Your Deal Forward
Multifamily is one of the most compelling asset classes in today’s market. As housing demand rises, 5+ unit properties continue to attract investors, developers, and owners looking for stable income and long-term value.
GNE Mortgages Inc. helps investors, developers, and owners access specialized financing for multi-residential buildings through CMHC-insured programs, conventional multi-family loans, and construction financing solutions.
CMHC MLI Select
CMHC’s MLI (Multi-Unit Mortgage Loan Insurance) programs are designed specifically for income-producing residential buildings with 5 or more units, helping borrowers build, buy, or refinance rental housing across Canada.
By adding CMHC insurance to a multi-family mortgage, qualified borrowers can access higher loan-to-value ratios, extended amortization periods, and preferred interest rates compared to many conventional structures.
Higher
Leverage
Access up to 95% LTV, reducing the upfront equity required for acquisitions and developments.
Extended
Amortization
Amortizations can stretch as long as 50 years on new construction and up to 40 years on certain existing rental properties, improving debt-service coverage and monthly cash flow.
Exclusive
Rates
CMHC insurance helps lenders offer more favourable rates on multi-unit mortgages, which can materially reduce long-term borrowing costs.
Point Based
Incentives
MLI Select uses a points system that rewards commitments to affordability, energy efficiency, and accessibility with reduced premiums, higher potential LTV, and longer amortization options.
Conventional Financing
Looking for a way to secure steady cash flow and build generational wealth? Our conventional multi-family mortgage solutions offer competitive financing for the purchase or refinance of multi-residential properties (typically 6+ units), structured around income, rent roll, and long-term investment goals.
Flexibility
We work with multiple lenders to secure long-term financing with competitive, investor-friendly rates.
Extended
Amortization
For some deals, amortizations can stretch as long as 50 years on new construction and up to 40 years on certain existing rental properties, improving debt-service coverage and monthly cash flow.
Qualification
Underwriting focused on property income, not just personal income, making it easier to leverage strong performing buildings.
Loans up
to $50M
Scalable solutions for growing portfolios and larger multi-residential
Why Someone Might Choose Conventional Financing Over CMHC's MLI Select?
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Project doesn’t fit CMHC criteria
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Some projects don’t meet MLI Select’s minimum 5-unit rental, affordability, accessibility, or energy-efficiency benchmarks, or exceed allowed non-residential area.
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Condo, for-sale, or more mixed-use projects may not be eligible or may be better suited to conventional or alternative structures.
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Need more flexibility on use and exit
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Conventional lenders can be more flexible about property type, business plan, and future exit (sale, condo conversion, repositioning), whereas MLI is designed around stable rental housing with clear long-term commitments.
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Speed and simplicity
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Conventional financing often has faster turnaround and fewer layers of policy to satisfy compared to CMHC MLI, which involves detailed applications and CMHC review.
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For time-sensitive acquisitions or where certainty of close matters more than maximum leverage, conventional can make sense.
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Avoiding insurance premiums / constraints
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CMHC premiums on large loans are material; on some deals, the investor may prefer slightly higher rate but no insurance premium, especially if leverage is modest.
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Some sponsors don’t want long-term commitments to affordability or other program conditions that affect future rent strategy and repositioning.
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Shorter hold or value-add strategy
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If the plan is a shorter hold, heavy renovation, or future refinance, a sponsor may start with conventional, then move to CMHC later once stabilized—or exit before a long amortization truly matters.
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Non-rental projects
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For multi-unit projects that are not purpose-built rentals (e.g., strata condo, mixed commercial focus), conventional or alternative financing may be the only viable route.
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Things to Remember When Getting A Commercial Mortgage
Have a business plan
Have a plan that includes operating data and financial information. It will show the lender you are responsible. It shows you have goals. Bring all needed documents when you go to discuss your loan.
Hire an experienced lawyer
Don’t grab the cheapest lawyer right away. Find a lawyer who has experience in handling this type of loan, with a record of success. Hiring a friend, or the cheapest lawyer may cost you more later.
Have cash ready
You should have some sort of available cash before you apply for a commercial loan. Lenders like to see if you are ready and prepared to fund some of the project.
Shop around
Some people take the first offer given to them, but use discretion to sort through loan offers. Look over your options before settling on one loan. You should pick what is right for you.
Have a plan for the funds
Have a plan and tell your mortgage lender what you want to do with the funds. Lenders seem to be will be more than willing to give you a loan, when you do that. Sometimes, the lenders will also ask you if you have a time frame for any project completion.
