Monty Sands
Mortgage Agent, Level 2 & Team Leader
RMA/MCC/DLCG (Mortgages & Private Lending)
Chief Financing Officer
Monty Capital Inc. (Business Financing)
monty@mtgm.ca | www.mtgm.ca | www.montycapital.ca
Agent License # M08002722 | Brokerage License #10464
Real Mortgage Associates Inc.
An apartment listing can help you decide whether to look closer. Your first financing conversation should explain what you intend to do with the property after you buy it.
Before we discuss possible routes, I suggest putting the building, the operating picture and your plan into a short summary. That gives us something concrete to work through and makes the unanswered questions easier to see.
The useful starting point is straightforward: identify what is known, mark what is estimated and explain the decision you need to make next.
Start with the property and your plan
Tell me where the building is, the number of units, whether there is commercial space and when you hope to close. Then describe your intended ownership plan. Are you planning to hold it as it stands, make improvements or investigate a larger change?
Organize the current rent roll and operating expenses for the later document review. Keep proposed changes separate from current conditions. If you have estimates for work, label them as estimates and note who prepared them.
This is a suggested preparation exercise. It does not mean every property needs the same documents or that a short summary is enough for an approval.
Put CMHC in context
CMHC offers multi-unit mortgage insurance supporting rental-property construction, purchases and refinancing. It is a financing route to examine against the actual project. CMHC overview.
MLI Select connects its incentives to affordability, energy efficiency and accessibility commitments. CMHC MLI Select.
My practical question is how any proposed commitments fit what you want to do with the building. Before comparing an appealing headline, identify the work you are prepared to undertake, the questions requiring professional assessment and the information still missing. A public program description cannot settle your property’s financing outcome.
Make the next conversation specific
For an initial introduction, I suggest a short outline:
- Municipality and unit count.
- Purchase, refinance or construction objective.
- Current project stage and target timing.
- Approximate financing need.
- Main uncertainty you want to resolve.
For a proposed rental development, identify the site, approval stage and whether the budget and schedule are preliminary or supported by current professional work. Avoid presenting an assumption as a settled milestone.
If you are a medical professional considering a rental investment alongside your practice, the same preparation helps frame the conversation. Explain the property goals and who will be involved in ownership and management. We can discuss the property plan without assuming your occupation determines financing eligibility.
Questions I would bring to an initial review
Should I send all financial documents in a social message?
Start with a brief property overview. We can establish the suitable secure intake route for documents afterward.
Is this a complete lender checklist?
No. It is a way to begin an informed discussion. The next information request should follow the property, transaction and financing route being examined.
Can I discuss a project while some details remain open?
Yes—identify what is confirmed and what remains uncertain. An honest starting point is more useful than a polished summary that hides the open questions.
For a Toronto or GTA rental project, bring the building and your plan into the conversation early. Start with the municipality, unit count and timing, and we can identify the next useful questions.
Book an introductory conversation or read about commercial and multifamily financing.