CMHC MLI Select Financing: What Developers & Investors Need to Know
Written by: Roshan Kalra
Navigating multi-family development financing can be complex, but with CMHC’s MLI Select program, developers and investors can unlock powerful tools to finance new rental housing projects. Whether you're building from the ground up, acquiring stabilized assets, or refinancing an existing building, CMHC-insured financing offers flexible, long-term debt with significant cost advantages.
At SB LLP, we work alongside developers, builders, and brokers to close MLI Select transactions efficiently, mitigate legal risks, and ensure you meet both lender and CMHC requirements – from commitment to funding.
Why MLI Select? Flexible Financing for Impactful Housing
MLI Select is CMHC’s most innovative financing product for multi-unit residential properties. It rewards projects that offer affordability, energy efficiency, or accessibility, allowing borrowers to qualify for better loan terms based on a point system.
Benefits of MLI Select financing include:
Amortization periods up to 50 years
Loan-to-value ratios up to 95%
Reduced debt service coverage ratios
Favourable interest rates via CMHC mortgage insurance
Support for affordable housing and ESG-focused development
For developers and investors, this can mean more leverage, better cash flow, and longer-term debt stability, which are critical advantages in today’s market.
The Role of Legal Counsel: Why It Matters
Despite the benefits, these loans are highly regulated and documentation-heavy. Lenders and CMHC require precision. Having experienced counsel is essential to keep your deal moving.
At SB LLP, we assist clients with:
Reviewing and negotiating loan and security documentation
Title and due diligence on the project lands
Coordination with brokers, consultants, lenders, and CMHC
Addressing zoning, easement, or encumbrance issues
Ensuring timely, compliant closings
We act as the legal “quarterback” of your deal – managing risk while pushing the file forward.
Our Experience: A Track Record You Can Trust
With over 50 years of combined experience in real estate lending and development law, our solicitor team has advised on dozens of CMHC-backed projects across Alberta, from small infill developments to institutional-scale 100+ unit buildings.
We understand the pace and precision required in these transactions. Whether you're a seasoned developer or entering the multi-family space for the first time, we’ll guide you through the process and protect your interests at every stage.
We also maintain strong relationships with mortgage brokers and lending institutions, ensuring seamless communication and faster closings.
Contact SB LLP: Expert Commercial Real Estate Team
If you’re exploring MLI Select financing for a new build, acquisition, or refinance, reach out to a member of SB LLP’s solicitor team to discuss how we can support your transaction. Whether directly or via broker referral, our team is ready to help your project succeed.
