Acquisition
Review the purchase, current income, physical condition, capital plan, and the lender lane that fits the asset today.
Illustrative image · Not staff or clients
Multifamily & rental housing financing
Finance the asset. Prepare the operating story.
A structured review for Ontario acquisition, refinance, renovation, stabilization, bridge, and construction take-out files.
Residential · commercial · private · insured multifamily review
One asset. Several lender lanes.
The route starts with how the building earns—and what happens next.
Property
Unit mix, use, condition, location, valuation, and project stage.
Operations
Rents, vacancy, leases, expenses, and supportable net operating income.
Borrower & plan
Experience, liquidity, net worth, structure, timing, and exit.
Financing across the property cycle
Match the financing to the moment—not just the address.
Refinance
Reconcile the rent roll, operating statements, existing debt, requested proceeds, and the reason for the new structure.
Renovation
Map the scope, budget, permits, unit downtime, and post-work operating assumptions without treating projections as current income.
Stabilization
Package lease-up, vacancy, completed work, and operating progress while the property develops a supportable long-term record.
Bridge
Use short-term financing only where the equity, timing, risks, and a credible sale, refinance, or take-out path are clear.
Construction take-out
Prepare the transition from completed construction through occupancy, operating evidence, valuation, and long-term financing review.
NOI & rent roll readiness
A lender-ready file tells the same story three ways.
The property, the operating statements, and the financing request should reconcile. When they do not, explain the gap before lender review.
Rent roll
Unit mix, lease status, actual rent, market assumptions, arrears, concessions, and vacancy should be easy to reconcile.
Net operating income
Show where income and expenses come from, distinguish recurring operations from one-time items, and explain material variances.
Capital and exit plan
Connect sources and uses, renovation or construction scope, borrower liquidity, and the proposed refinance, sale, or insured take-out.
Useful documents
Bring what is available- Current rent roll and leases
- Operating statements and property tax details
- Purchase agreement, appraisal, or mortgage statement
- Building details, unit mix, and property condition
- Renovation or construction budget and project stage
- Borrower net worth, liquidity, experience, and ownership structure
CMHC MLI Select
A strategy to test, not a label to apply.
Potential fit can involve affordability, energy efficiency, or accessibility outcomes. The lender still reviews the property, borrower, income, valuation, project details, and risk; final eligibility and terms depend on lender and CMHC underwriting.
Review early
The financing path can affect rents, design assumptions, budget, documentation, and take-out planning.
An early review can identify whether the file belongs in an insured, conventional commercial, residential, private, or bridge lane—and which assumptions still need support.
Start with the file you have
Bring the building, the numbers, and the plan.
Open Financial can review the project stage, documentation gaps, and potential lender lanes before a formal submission.
Garrison Capital Corp., operating as Open Financial | FSRA Mortgage Brokerage Licence #13362. This page is general information, not a commitment to lend, approve, insure, or fund a mortgage. Final lender and insurer requirements depend on the property, borrower, documentation, and underwriting.