CMHC MLI Select Program
MULTI-UNIT FINANCING: UP TO $300M
Up to 95% Loan-to-Cost • Up to 50-Year Amortization • Lower Insurance Premiums
Understanding CMHC MLI Select
CMHC MLI Select is a financing program designed to support the development, purchase, and refinancing of multi-unit residential properties across Canada. The program rewards projects that prioritize affordability, accessibility, and energy efficiency by offering enhanced financing incentives. Qualified borrowers can benefit from higher loan-to-cost ratios, extended amortization periods, and reduced mortgage insurance premiums, helping improve project viability and long-term returns.
Key Benefits of CMHC MLI Select
The CMHC MLI Select Program provides significant advantages for developers, investors, and property owners seeking competitive financing solutions.
HIGHER LEVERAGE
Access financing of up to 95% loan-to-cost, reducing the amount of equity required to complete your project.
EXTENDED AMORTIZATION
Benefit from amortization periods of up to 50 years, helping lower monthly debt service and improve cash flow.
REDUCED INSURANCE PREMIUMS
Projects that achieve higher MLI Select scores may qualify for reduced CMHC insurance premiums.
IMPROVED CASH FLOW
Longer amortizations and higher leverage can significantly enhance project cash flow and overall profitability.
SUPPORT FOR AFFORDABILITY & SUSTAINABILITY
Earn additional financing incentives by incorporating affordable housing, accessibility features, and energy-efficient designs.
Who Qualifies for CMHC MLI Select?
CMHC MLI Select is available for eligible multi-unit residential properties, including apartment buildings, purpose-built rentals, student housing, seniors housing, and mixed-use projects with a residential focus. Projects are evaluated based on affordability, accessibility, energy efficiency, and social outcomes. Higher scoring projects receive greater financing incentives and enhanced lending terms.
Why Choose TM Lending for CMHC MLI Select Financing
Navigating CMHC financing requirements can be complex. TM Lending works closely with developers, investors, and property owners to structure financing solutions that maximize MLI Select benefits. Our team assists with project analysis, lender introductions, financing strategies, and application support to help secure the most competitive terms available.
Making the Right Choice: CMHC MLI Select Financing
Choosing the right CMHC MLI Select financing structure starts with understanding your project’s goals, eligibility, and potential scoring opportunities. Factors such as affordability, accessibility, energy efficiency, and property type can directly impact the financing terms available to you.
TM Lending helps developers and investors review their project details, identify ways to improve eligibility, and structure financing to maximize leverage, reduce costs, and support long-term cash flow. This preparation helps make the approval process smoother, more strategic, and better aligned with your investment goals.
FAQ
CMHC MLI Select is a mortgage loan insurance program designed to encourage affordable, accessible, energy-efficient, and socially beneficial multi-unit residential housing through enhanced financing incentives.
Qualified projects may access financing of up to 95% loan-to-cost, depending on their overall MLI Select score and project characteristics.
Eligible properties generally include purpose-built rental apartments, student housing, seniors housing, and other multi-unit residential developments containing five or more units.
Benefits include higher leverage, extended amortizations of up to 50 years, reduced insurance premiums, and improved project cash flow.
Projects are scored across affordability, accessibility, energy efficiency, and social outcomes. Higher scores can unlock enhanced financing incentives.
Yes. The program can be used for eligible purchases, new construction projects, and refinancing of qualifying multi-unit residential properties.
TM Lending provides guidance throughout the financing process, helping clients structure projects, maximize MLI Select scoring opportunities, and secure the most competitive financing available.