Brokerage #13763
Apartment building financing for 5+ unit properties across Ontario, underwritten on net operating income and DSCR. Compare CMHC MLI, conventional, B-lender and private options. Loans from $500K to $50M+, arranged by a licensed brokerage, FSRA #13763.
5.0 on GoogleFSRA Brokerage #13763Ontario-wideWhere are you at right now?
No obligation
Up to 95% LTV
4.50% per year
Up to 85% LTV
4.50% per year
Up to 75% LTV
5.50% per year
Rates as of June 5, 2026. Illustrative starting points, not a quote. Your rate depends on DSCR, loan to value, property type and lender. CMHC premiums are set by CMHC and subject to approval.
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 shows which lender tiers your property may qualify for. Each lender sets its own minimum.
Conventional financing caps at 75% LTV. Standard CMHC Multi-Unit allows up to 85% LTV. CMHC MLI Select can reach 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 may suit time-sensitive deals. CMHC-insured financing adds an insurance review. lendsimpl matches your property to the right lender and confirms terms in writing.
For stabilized rental properties with 5 or more units. Can offer higher loan to value and longer amortization than conventional. The CMHC premium is usually added to the loan.
Up to 75% loan to value and typically up to 25 years amortization. More equity is needed and the lender sets the DSCR.
Short-term financing for acquisitions, value-add and time-sensitive deals. Costs more, and broker and lender fees apply, disclosed in writing before you commit.
5.0 on Google
Verified reviews
Up to 95%
Max loan to value with CMHC MLI Select
Up to 50 years
Max amortization at 100 points
50+
Lenders: bank, CMHC, B-lender and private
Ontario-Wide
FSRA Brokerage #13763
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.
You'll be talking to
Tissa RatnayakeLicensed Mortgage Broker
Anne XavierLicensed Mortgage BrokerNot a call centre, real people, individually FSRA-licensed.
Some lenders weigh the whole file, including property income, your experience and your equity. This varies by lender.
A short-term private loan, stabilization, then a refinance into CMHC or conventional financing when the property qualifies.
Some lenders focus on the property and your equity first. Terms differ and approval is never guaranteed.
Bridge or construction options may fit while the building fills or finishes.
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 6 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 7 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 7 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 8 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 8 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 10 mo ago
Up to 95% LTV (70 points on existing buildings)
Up to 50 years (100 points), DSCR from 1.10
Up to 85% LTV
Up to 40 years on existing buildings, DSCR from 1.10, depending on units, loan purpose and term
Up to 75% LTV
Amortization typically up to 25 years, no CMHC premium, DSCR set by the lender
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.
We compare options across 50+ lenders, from CMHC and banks to B-lenders and private lenders.
We review your coverage ratio and MLI Select eligibility before you apply.
We explain every number and every term.
We are licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest. Any fee that applies to your file is disclosed in writing before you commit.
Answers on LTV, DSCR and CMHC eligibility.
Have a question we didn't answer?
Our licensed broker team is happy to help.
A mortgage on a property with 5 or more rental units, underwritten mainly on the property's net operating income and DSCR. Options include CMHC-insured, conventional bank, B-lender and private financing.
Lenders apply two tests, loan to value and debt coverage, and use the lower result. Try our CMHC MLI Max Loan Calculator. Lenders can set tighter limits than CMHC.
Properties with 1 to 4 units are generally financed as residential or small rental mortgages. At 5 or more units, lenders underwrite on the property's income, and CMHC multi-unit insurance becomes available.
Often yes, for stabilized rental properties with 5 or more units. CMHC MLI Select scores affordability, energy efficiency and accessibility, and starts at 50 points. Read our guide to CMHC MLI Select in Ontario.
CMHC sets minimums by property type, units, loan purpose and term. Conventional lenders set their own. Try our DSCR calculator.
CMHC-insured financing can offer higher loan to value and longer amortization, and the premium is usually added to the loan. Conventional financing has no CMHC premium but needs more equity. We compare the total cost for your property.
For short-term, time-sensitive or value-add deals, often with a plan to refinance into CMHC or conventional financing. Private loans cost more, and broker and lender fees apply, disclosed in writing before you commit.
All of Ontario, including the GTA, Hamilton, Ottawa, London, Kitchener-Waterloo, Windsor, Barrie, Kingston and Guelph.
Yes. lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.
Still have questions?
Talk to a licensed broker.
From downtown Toronto to secondary markets across the province, lendsimpl arranges multi-family and apartment building financing wherever your property is located.
Important
How your program choice affects your mortgage costs
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.
Brokerage disclosure
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.
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.
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.
Hello: I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.
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lendsimpl is a Financial Services Regulatory Authority of Ontario (FSRA) licensed mortgage brokerage, Brokerage #13763. Nothing on this page is a mortgage offer, a rate quote or legal advice. Mortgage pricing varies by credit profile, down payment or equity, income type, property type, loan-to-value, term and lender, changes frequently, and is subject to lender approval and underwriting conditions, not every applicant qualifies for the rates shown. All applicable fees are disclosed in writing before you proceed. OAC. E&OE.
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