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Multi-Family Financing Insights

DonCampbell

Investor, Analyst, Author, Philanthropist
Staff member
REIN Member
Joined
Aug 22, 2007
Messages
2,005
The Multi-Family financing market is in continual flux due to the so-called sub-prime crisis. The rules seem to change on a month by month basis.
The following is an article written by Peter Cook, Assistant Vice President of Commercial Lending at First National Financial Corporation. First National is one of Canada’s largest apartment lenders.

It provides insights into the market, choices that need to be made when considering the financing of your Canadian multi-family properties.


THE LOWEST RATE MAY NOT ALWAYS BE THE BEST DEAL


The emergence of the World Wide Web has had an amazing impact on our day to day lives, especially in the way we shop. The convenience and speed of the Internet has turned many industries into a commodity. Searching for the lowest airline tickets and car rental rates, purchasing shares of your favourite stock or finding the lending institution with the lowest home mortgage rates has become a simple process without leaving the comfort of your home computer. The days of obtaining sound advice and great service from your travel agent, stock broker or banker is becoming a thing of the past. The lowest price seems to be the only factor when consumers make major purchases or financial decisions.

When arranging new mortgage financing apartment owners should be careful not to.......

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