Multifamily & Multiplex Financing across Ontario

Multifamily financing needs a clean read on unit mix, rents, expenses, borrower strength, property condition, and lender lane. We sort the file before it is treated like the wrong product.

Review my multifamily file 647-558-2300

Lender pathResidential, commercial, private, and insured multifamily review

MarketOntario

First passNo hard credit check to start

Ontario mortgage review with Open Financial

You are financing a duplex, triplex, fourplex, apartment building, or rental housing asset.

Licensed broker review with no hard credit check at the first-pass stage.

Built for multifamily files across Ontario

This page is focused on Toronto, Mississauga, Brampton, Vaughan, Kitchener-Waterloo, Durham. The first review is designed to separate lower-cost institutional options from files that need alternative or private packaging.

Duplex, triplex, fourplex, small apartment, or purpose-built rental

Purchase, refinance, construction take-out, bridge, or equity release

Rental income, vacancy, expenses, and valuation need to be packaged clearly

How we route the file

A good mortgage file can still land with the wrong lender if the story is unclear. We organize the important facts before shopping it around.

Local context

Ontario files vary widely by property type, borrower profile, and lender appetite. The goal is to identify the lender lane before the application becomes noisy.

Separate residential, commercial, and insured multifamily lender paths

Review rent roll, leases, expenses, DSCR, borrower net worth, and valuation assumptions

Identify whether the file needs bank, credit union, CMHC-insured, private, or bridge financing

Suitability and exit plan

Mortgage strategy should match the borrower, property, timeline, and cost. The first pass is about finding the right lane before a lender application is pushed too far.

Commercial files are structured around the property, borrower strength, cash flow, and exit.

Lenders may require appraisal, environmental review, leases, operating statements, and borrower financials.

Pricing and proceeds can change materially after underwriting, valuation, and condition review.

What matters for Ontario

The pilot covers the first Ontario markets we want to prove before expanding to every municipality above the population threshold.

Documents

Rent roll, leases, expenses, and property tax details
Appraisal, purchase agreement, mortgage statement, or pro forma
Building details, unit mix, and project assumptions for development or take-out files

Multifamily questions

These are first-pass answers. Final lender fit depends on the property, borrower profile, documents, and timing.

Can a small multiplex be financed residentially?

Sometimes. Unit count, occupancy, borrower profile, and rental use determine whether residential, commercial, or insured multifamily is the better route.

What does the lender look at first?

Income, expenses, valuation, borrower strength, property condition, market rents, and whether the request matches the project stage.

Can private financing bridge a multifamily file?

Yes, if the equity, timing, and exit are clear. It may be used for acquisition, stabilization, renovation, or take-out timing gaps.

Start with a focused multifamily review for Ontario.

The intake takes a few minutes and keeps the mortgage type and location clear for the broker review.

Discuss multifamily financing mortgages@openfinancial.ca

Garrison Capital Corp., operating as Open Financial

Open Financial Lic. 13362.

Principal Broker: Marcel Greaux, Lic. M10002478.

Prefer phone? 647-558-2300. Email mortgages@openfinancial.ca.