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Suske Capital is pleased to announce that Medicine Hat, Shasta, and Fort Saskatchewan Care Communities have received mortgage loan insurance through The Canada Mortgage and Housing Corporation (CMHC) MLI Select Program.
CMHC mortgage loan insurance enables Approved Lenders to offer greater financing choices to borrowers providing rental housing accommodations in multi-unit residential buildings.
Our thanks go to Mike Chiu at Capital West for working on the submissions for these projects.
Now that the projects have received the mortgage loan insurance, Capital West will work to get bids from lenders to refinance the projects.
About the MLI Select Program
The MLI Select program allows seniors housing rental property owners the opportunity to obtain mortgage loan insurance relief for the construction, purchase or refinancing of seniors housing projects with a minimum of 50 units/beds.
MLI Select uses a point system to offer insurance incentives based on affordability, energy efficiency, and accessibility. Incentives are available for new construction and existing properties. The more dedicated a project is to energy efficiency, affordability and/or accessibility, the more points it scores, and the more advantageous its loan insurance terms are.
CMHC mortgage loan insurance enables approved lenders to offer greater financing choices to borrowers providing standard rental housing accommodations in multi-unit residential buildings.
Read previous issues of The Suske Capital Weekly
On Friday, November 24, 2023, Core & Partners and Suske Capital hosted over 70 guests, advisors, and investors for a Red-Carpet Event at Wayne Gretzky Estates Winery in Niagara on the Lake.
This event launched the partnership between Suske Capital & Core and Partners.
The event kicked off with a red carpet entrance complete with a photo station, wine, and hors d’oeuvres.
Guests then made their way into the winery tasting room to learn about the exciting opportunities that Suske Capital & Core and Partners have been working on.
Guests visited one of four stations to learn more about each opportunity, and then took their seats for an interview session hosted by Core & Partners CEO Roberto Lloren.
Watch the video below for some highlights from the event.
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