InsuranceAndMoney.com Project Financing
CMB’s Project Finance Division is dedicated to providing financing for residential multi-family real estate. Our experienced team of professionals will analyze your project, structure the financing that best suits your needs, and secure a complete and competitive financing package.
The Project Financing Division is a specialized program that is an extension of the CMB Builder program. For more information about our Builder program, please visit our Construction Financing section.
The Project Finance Division provides financing for:
New Construction
Progress draw financing during the course of construction. Depending on the project type and configuration, the financing can be structured either as a revolving facility or as a cost to complete loan.
Inventory
Interim financing for completed projects that have remaining unsold ‘spec’ inventory. This allows a developer to pay out the construction lender, or withdraw some equity/profits in the unsold units thereby providing cash proceeds for their next project.
Conversion
Interm financing for existing rental buildings where the owner intends to convert the units to condominiums and sell them to individual owner-occupants or investors.
Provides acquisition financing of the existing building as well as financing of the common area and unit improvement costs.
Partial Rentals
Provides financing of individual condominium units that are held as rentals.
What’s in it for you?
One stop shop – integrated package for developers’ and their purchaser’s financing needs
CMB has many lenders. What does that mean to you? Unquestioned backing and capital.
This capital strength translates into available builder capital for your construction needs.
Provide Financing for your Customers.
Give your customers the same benefit. The Project Financing department works closely with CMB's Mortgage and Builder Specialists to provide a competitive financing package for your purchasers.
Nation-wide
From coast to coast - ground breaking to closing, our Project Financing Team will tailor a flexible financing solution for you!
For more information, please contact
Rose Simone, Vice President
C.M.B. Canada Mortgage Brokers Inc.
Construction and Commercial
Tel. 416.410.3842 ext. 3
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Current Interest Rates
as of 4/16/2010
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| Credit Line - Secured | 2.75% | | Mortgage - 10 year | 5.34% | | Mortgage - 5 year | 4.49% | | Mortgage - 5 year VIP | 4.39% | | Mortgage - Open | 3.05% | | Visa - Secured | 6.99% |
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