{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Real Estate Development: The Curtis Way","title":"Apartment Financing/CMHC – What You Need to Know","html":"","width":"100%","height":180,"duration":2348,"description":"How do apartment developers secure financing for projects worth tens or even hundreds of millions of dollars?\nIn this episode of the RMS Real Estate Development Podcast, Curtis Way sits down with Jessica Harland, Senior Vice President with CBRE Capital, to break down the financing process behind modern multifamily developments.\nDrawing on her experience as both a lender and a former CMHC professional, Jessica walks through the programs, requirements, risks, and realities developers face when securing construction financing for apartment projects.\nThe conversation explores how CMHC financing programs have transformed rental housing development in Canada, why Alberta remains one of the country's strongest markets for purpose-built rentals, and what developers need to understand before submitting an application.\nTopics Include:\n• Understanding CMHC financing programs for apartment development\n• CMHC MLI Select versus conventional financing\n• Affordable housing, energy efficiency and accessibility incentives\n• How much equity developers really need to contribute\n• The importance of a strong development pro forma\n• Cost consultants, appraisals and due diligence requirements\n• Working effectively with lenders and mortgage brokers\n• Construction financing approvals and timelines\n• Bonding requirements and alternatives such as letters of credit\n• Corporate guarantees, personal guarantees and recourse requirements\n• Interest rate assumptions and takeout financing strategies\n• Managing construction delays and cost overruns\n• Common mistakes developers make during the financing process\n• Why project management and documentation matter as much as financing\nJessica also explains why having the right financing team is critical, especially for newer developers entering the multifamily space. From application preparation to final loan conversion, the episode highlights how seemingly small decisions can have significant impacts on project success.\nWhether you're building your...","thumbnail_url":"https://img.transistorcdn.com/5eQo2D8W4oiNbjFgdZuzA7bmPWTkQVpDlIUJAWJz9Ks/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85YzYy/NjUxOTYwOTNmMThk/YzY5ZWE2MDA5YTNi/NDc3NC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}