Meta Realty Inc

What are CMHC MLI Select Program Benefits?

With MLI Select, you may have access to the following advantagesHigher loan-to-value ratios. Up to 95% LTV financing with lower down payment requirements – as little as 5% down payment requiredExtended amortization periods of up to 50 yearsBelow prime interest rates10 year mortgage terms for increased cash flow stabilityReduced minimum debt coverage ratiosDecreased insurance premiums

What is Our Background with CMHC MLI Select?

Meta Realty is the premier expert in providing turnkey multi-residential investment solutions, backed by CMHC through the MLI Select Program. To date, Meta Realty has effectively leveraged its expertise and network to successfully sell over $200 million in MLI Select inventory; this equates to over 450 housing units being built in order to aid in Canada’s housing shortage.

Are There CMHC MLI Projects Available Today?

Demand for these properties is very high, but new inventory is readily available. Qualified investors are encouraged to reach out, and we’d be happy to share the available and upcoming opportunities. Projects typically range in size from $1.5M to $120M+.

What’s the Qualifying Criteria for CMHC MLI Select Investors?

To qualify as a buyer under the CMHC MLI Select Program, individuals need to demonstrate financial stability. Investors must meet certain net worth and liquidity requirements that includes:5-10%5-10% of project cost as deposit needs to be readily available10%An additional 10% of project cost in liquid assets as a contingency25%Personal net worth totaling at least 25% of the project cost

How is Positive Cash Flow Guaranteed?

CMHC conducts its own analysis of costs, rents etc., based on benchmarks in order to determine the project’s cash flow and only projects that have a projected net income of at least 110% of projected debt cost (minimum 1.1 debt coverage ratio) are eligible to qualify for the CMHC MLI Select Program.