Apartment Building A p a r t m e n t B u i l d i n g

CMHC MLI Select application takes 60-90 days with 5 steps: pre-application (15 days), full submission (30 days), underwriting (45 days), commitment (15 days), closing (30 days). Requires 15% down, 1.1+ DSCR, 5+ units. Costs $25-50K in fees. 95% LTV with 50-year amortization possible at 100+ points; priced off the 5-year CMB plus a spread (live estimate on our commercial rates page).