3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
A multi-family mortgage — finances Ontario apartment buildings and rental properties with 5 or more residential units, underwritten on the property's Net Operating Income (NOI) and Debt Service Coverage Ratio (DSCR) rather than personal income. Conventional financing provides up to 75% LTV. CMHC MLI Select unlocks up to 95% LTV and 50-year amortization for qualifying properties. lendsimpl arranges multi-family financing from $500K to $50M+ across Ontario. FSRA Licensed Brokerage #13763.
LTV by program, DSCR requirements, CMHC MLI Select eligibility, and lender options.
5.0 on Google (19 reviews)FSRA Brokerage #13763Ontario-wideTakes about 30 seconds · Free · No obligation
From your property numbers to a lender match — every step confirmed in writing.
Unit count, NOI, occupancy, and your target loan amount — no personal income documents needed to get started.
We compare conventional, standard CMHC, CMHC MLI Select, B-lender, and private multi-family options against your LTV and DSCR.
Matched to the bank, CMHC program, B-lender, or private lender suited to your property — terms confirmed in writing.
Ready to check your program fit?
Tell us your property numbers — we'll tell you what's possible.
Up to 95% LTV
50-year amortization, 1.10x DSCR minimum
Up to 85% LTV
40-year amortization, 1.20x DSCR minimum
Up to 75% LTV
No CMHC premium, 1.25x+ DSCR typical
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) arranging multi-family financing across Ontario. Maximum LTV, DSCR, and rate depend on lender, property condition, and MLI Select scoring. All applicable fees are disclosed in writing before you proceed — as required by FSRA regulations.
Higher-leverage CMHC programs carry an insurance premium added to the loan; conventional and private financing carry no CMHC premium but cap LTV lower. Any fees that apply to your file are disclosed in writing before you commit to anything.
Want to know where your property lands?
We'll run the numbers with you.
DSCR = Net Operating Income ÷ Annual Debt Service — the core formula every Ontario multi-family lender uses
CMHC MLI Select allows a minimum DSCR of 1.10x and up to 95% LTV for qualifying 5+ unit properties at the 100-point tier
Eligibility is assessed primarily on the property's income, not personal T4 income — self-employed investors access the same programs
lendsimpl works with 50+ lenders across every LTV and DSCR profile, including conventional, CMHC, B-lender, and private multi-family options
Have a situation not listed here?
Call us — multi-family eligibility varies more than you'd think.
5.0 on Google
19 reviews
95%
Max LTV through CMHC MLI Select
50 yrs
Max amortization (MLI Select 100-pt tier)
50+
Lenders — bank, CMHC, B-lender & private
We calculate your DSCR from your actual rent roll and expenses, show you exactly where you land against conventional, CMHC, B-lender, and private thresholds, and identify the highest-leverage program you qualify for — including CMHC MLI Select scoring.
See it for yourself.
Licensed brokers, straight answers.
5 or more residential units are classified as commercial multi-family in Ontario and underwritten on property income rather than personal income.
Net Operating Income ÷ Annual Debt Service determines which lender tiers your property qualifies for — from 1.05x on private financing up to 1.25x+ for institutional.
Conventional financing caps at 75% LTV. Standard CMHC Multi-Unit allows 85% LTV. CMHC MLI Select unlocks up to 95% LTV and 50-year amortization for qualifying properties.
Properties scoring 50+ points on affordability, energy efficiency, and accessibility criteria access MLI Select's enhanced leverage, lower DSCR minimum, and longer amortization.
Private lenders close fastest for time-sensitive deals; CMHC-insured financing takes longer due to the insurance review. lendsimpl matches your property to the right lender and confirms terms in writing.
Ready to find your program?
Share your numbers, or ask a question first.
The right choice depends on your property's DSCR score, timeline, and equity position.
Up to 95% LTV and 50-year amortization for qualifying 5+ unit properties, with the lowest rates because CMHC-backed insurance removes default risk for lenders. Best for long-term buy-and-hold investors — the tradeoff is a longer close (6–12 weeks) and a CMHC premium on the loan amount.
Learn more →Competitive rates and no CMHC premium on non-insured deals. Conventional financing caps at 75% LTV; CMHC-backed institutional financing allows up to 85% LTV. Best for stabilized properties with 1.25x+ DSCR — the tradeoff is stricter underwriting and a 6–10 week close.
The fastest path to closing on a time-sensitive acquisition or bridge scenario, and the most flexible on DSCR and credit — property equity is the primary consideration. The tradeoff is a higher rate, shorter term, and higher fees.
Not sure which lender type fits your property?
Tell us the situation — we'll tell you what's possible.
B-lenders and private multi-family lenders accept lower DSCR than banks — private lenders are the most flexible, sometimes accepting 1.05x or below in equity-rich situations.
Pledging additional real estate or providing a strong personal guaranty can offset a DSCR shortfall for institutional lenders.
For qualifying 5+ unit properties, MLI Select's 50-year amortization significantly reduces annual debt service — often resolving a marginal DSCR issue without changing the loan amount.
A 12-month forward NOI projection backed by signed leases can satisfy some lenders if near-term rent increases or lease-ups are underway.
A lower loan amount means lower annual debt service and a higher DSCR — increasing the down payment is the most direct lever when other options aren't available.
DSCR or credit not fitting institutional criteria?
No obligation — let's talk through the options.
5.0/5 average rating
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Licensed Ontario brokers, real results.
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Straight answers on LTV, DSCR, CMHC eligibility, and how long financing takes to close.
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Our licensed broker team is happy to help.
A multi-family mortgage finances residential rental properties with 5 or more units in Ontario. Unlike 1–4 unit properties (residential mortgage rules), 5+ unit properties use commercial underwriting criteria: Net Operating Income (NOI), Debt Service Coverage Ratio (DSCR), and commercial LTV limits. Financing options include CMHC-insured mortgages (standard and MLI Select), institutional lenders, B-lenders, and private multi-family lenders.
Still have questions?
No obligation — just answers.
From downtown Toronto to secondary markets across the province — lendsimpl arranges multi-family and apartment building financing wherever your property is located.
Have a property in one of these areas?
Let's find your financing program.
lendsimpl arranges multi-family financing from $500K to $50M+ across Ontario — bank, CMHC, B-lender, and private. We compare every program, show you where you qualify, and confirm the terms in writing before you commit to anything. FSRA Brokerage #13763.
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Hello — I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.