01
What MLI Select is trying to solve
The program is designed around rental housing outcomes, including affordability, energy efficiency, and accessibility. The financing conversation starts with those outcomes, but the lender still underwrites the property, borrower, income, valuation, and risk.
02
Where files usually break
A project can look attractive in a spreadsheet and still fail lender review. The common gaps are rent assumptions that do not support the requested proceeds, incomplete cost or energy details, unclear affordability commitments, and weak documentation around borrower liquidity or experience.
- NOI does not support the target loan amount
- Points strategy is not backed by documents
- Construction, lease-up, or take-out timing is too optimistic
- The exit path depends on a future valuation that has not been pressure-tested
03
How Open Financial reviews the file
We start with project facts and identify whether the file belongs in a CMHC-insured lane, a conventional commercial lane, or a short-term bridge. The goal is to avoid overbuilding a financing plan around assumptions a lender is unlikely to accept.