What are Multi-Unit Insurance Mortgage Solutions?
As a CMHC (Canada Mortgage and Housing Corporation) approved lender, Conexus can support you with any multi-unit insured mortgage needs.
Whether you’re building, buying or refinancing, Conexus has the right solution for you. The MLI Select product, created by CMHC, is designed for developers and investors who focus on affordable, accessible and sustainable housing. With benefits like reduced interest rates and longer amortization periods, Conexus and the MLI Select solution are here to support you in bringing your housing projects to life.
What is MLI Select?
The MLI Select product, created by CMHC, is designed for developers and investors who focus on affordable, accessible, and sustainable housing. With benefits like reduced interest rates and longer amortization periods, Conexus and the MLI Select solution are here to support you in bringing your housing projects to life.
MLI Select helps developers and investors focused on affordable, accessible, and sustainable housing by offering reduced interest rates, higher loan-to-value ratios, and longer repayment terms. You earn points based on your commitment to these goals; the more points you earn, the lower your down payment and the longer your amortization period. This approach promotes sustainable development and boosts economic growth in the province.
Two paths to choose from.
MLI for developers.
Building five or more rental units? With tailored lending and MLI Select benefits, we can support you through every step of your development project.
MLI for investors.
Looking to grow or refinance your rental property portfolio? Investors can access MLI Select through projects that meet the eligibility criteria.
Common questions.
Here’s what people ask us the most.
-
MLI Select is a solution from CMHC (Canada Mortgage and Housing Corporation) aimed at boosting affordable, accessible, and climate-friendly housing. It offers great benefits like higher loan-to-value ratios, longer amortization periods, lower debt coverage ratios, and reduced premiums. To qualify, borrowers need to commit to social goals around affordability, energy efficiency, and accessibility, earning points for their efforts. You’ll need at least 50 points to get started, and the more points you earn, the better the benefits!
-
As Saskatchewan's population grows, so does the need for affordable and sustainable housing. Developers and investors require cost-effective funding to create and maintain these housing options across the province. MLI Select provides access to funding for projects that meet these criteria, offering benefits like reduced interest rates and longer amortization periods.
-
The MLI Select program offers great benefits, which make financing more accessible and attractive for projects that align with CMHC’s goals of affordability, accessibility, and sustainability.
-
Borrowers can commit to any combination of the social outcomes. To see the full list, click here.
-
Work with a Conexus Business Advisor to submit your project details, attestation forms (confirming your commitment to affordability, accessibility, and/or energy efficiency), your down payment, and other application costs. After a 14-day cooling period for the applicant and a months-long CMHC review, your application may be approved, and a certificate of insurance issued.
-
If MLI Select isn't a fit for you, we can assist to support you with any multi-unit insured mortgage needs. Click to book an appointment or contact us at [email protected].
Explore CMHC resources.
Let's start the conversation.
Share a bit about what you're looking for and someone from our team will reach out within one to two business days.
