CMHC MLI Select

The CMHC MLI Select Program offers a strategic pathway for investors seeking to capitalize on unique government-backed financing for new build multi-residential properties. By leveraging this program, investors significantly reduce both upfront costs and long-term expenses, making multiplex ownership more accessible and sustainable.

What is the CMHC MLI Select Program?

The MLI Select Program by CMHC is a federal initiative that supports housing development by offering mortgage insurance for multi-unit properties (5+ units), making it easier to access favorable financing in order to encourage apartment construction.

What are CMHC MLI Select Program Benefits?

With MLI Select, you may have access to the following advantages

Higher loan-to-value ratios. Up to 95% LTV financing with lower down payment requirements – as little as 5% down payment required

Extended amortization periods of up to 50 years

Below prime interest rates

10 year mortgage terms for increased cash flow stability

Reduced minimum debt coverage ratios

Decreased insurance premiums

What is Our Background with CMHC MLI Select?

Meta Realty is the premier expert in providing turnkey multi-residential investment solutions, backed by CMHC through the MLI Select Program. To date, Meta Realty has effectively leveraged its expertise and network to successfully sell over $200 million in MLI Select inventory; this equates to over 450 housing units being built in order to aid in Canada’s housing shortage. Additionally, Meta Realty has secured over $2 million in cash flow for its investors to date.

Are There CMHC MLI Projects Available Today?

Demand for these properties is very high, but new inventory is readily available. Qualified investors are encouraged to reach out, and we’d be happy to share the available and upcoming opportunities. Projects typically range in size from $1.5M to $120M+.

What’s the Qualifying Criteria for CMHC MLI Select Investors?

To qualify as a buyer under the CMHC MLI Select Program, individuals need to demonstrate financial stability. Investors must meet certain net worth and liquidity requirements that includes:

5-10%

5-10% of project cost as deposit needs to be readily available

10%

An additional 10% of project cost in liquid assets as a contingency

25%

Personal net worth totaling at least 25% of the project cost

What Exactly is Handled for the Purchaser?

Our team of experienced professionals, includes analysts, brokers, builders, and developers to ensure that everything is handled for the investor including:

Land
acquisition

Entitlements

Site plan
and design

CMHC
application

Construction
management

Lease up and
stabilization

Ongoing property
management

BUT DON’T WORRY ABOUT CUMBERSOME APPLICATION & APPROVAL PROCESSES WE HANDLE ALL OF THAT FOR THE BUYER!

Keep in mind that the MLI Select Program only offers the financing solution where as Meta Realty provides the purchaser with a truly turnkey investment package.

How is Positive Cash Flow Guaranteed?

CMHC conducts its own analysis of costs, rents etc., based on benchmarks in order to determine the project’s cash flow and only projects that have a projected net income of at least 110% of projected debt cost (minimum 1.1 debt coverage ratio) are eligible to qualify for the CMHC MLI Select Program.

How Does a Property Qualify for the CMHC MLI Select Program?

To qualify for these advantageous financing terms, projects must meet specific affordability, energy efficiency, or accessibility standards. Points are accumulated on a tiered system to access the best financing options.