CMHC Multifamily Calculator - GreenBirch Capital

The following page will generate scenarios for CMHC multifamily purchases under the MLI Standard and MLI Select programs. Please note at this time, the calculator cannot capture multi-family purchases with commercial components

LOCATION OVERVIEW

Address

Province

Area

Location *(Required)

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CAP City

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High Rise A

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High Rise B

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Low Rise A

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Low Rise B

* Location is based on CMHC Housing Market Information Portal, please use the following link to determine the exact location as determined by CMHC: https://www03.cmhc-schl.gc.ca/hmip-pimh/en/TableMapChart/

* Area - if you cannot locate your area select “Rural Province” to see more locations listed for the province

PROPERTY OVERVIEW

Number of Units(Required)

Apartment / Row(Required)

Building Structure(Required)

Type*(Required)

Loan type

Elevators(Required)

How many Elevators ?(Required)

*Type: New construction is defined as the earlier of 12 months of stabilized income or 24 months since first occupancy

FINANCING OVERVIEW

Loan amount not supported due to negative NOI

Purchase Price(Required)

Please ensure that the amount entered is greater than zero.

Annual Rental Income(Required)

Please ensure that the amount entered is greater than zero.

Annual Additional Revenues *(Required)

Annual Property tax(Required)

Annual Insurance(Required)

Annual Utilities (paid by landlord)(Required)

*Additional Revenue includes Parking, Storage, Pets, Laundry, etc

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Costs

Property Taxes, Insurance, Utilities

SUITE OVERVIEW

Please let us know if the suites have the following. If only a few units have the appliances, please select Yes either way

Stove/Oven

Fridge

In-suite Washer/Dryer

Dishwasher

Wall heat pump / Air conditioner(Required)

How many suites will have wall heaters(Required)

How many air conditioner units there will be(Required)

DISCLAIMER: By providing the data above, you understand and agree to the following. This analysis is for General Information purposes only. Nadeem Keshavjee and GreenBirch Capital Inc (“Company”) is not liable for any loss, based on the interpretation of the information in this post. This post should not be construed as a promise of loan or a guarantee of results to be achieved.

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Derived from Location

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Apartment % (Derived)

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Row % (Derived)

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Row and Apartment % (Derived)

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Median Rental Income (Derived)

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Derived from Location

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Maintenance and Repair (Derived)

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Management (Derived)

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Salaries (Derived)

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Appliances (Derived)

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Wall heat/Air Conditioning (Derived)

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Elevator (Derived)

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Other Costs - % of EGI (Derived)

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Calculation

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Gross Potential Revenue

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Less: Vacancy & Bad Debt

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Effective Gross Revenue

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Maintenance and Repair calc

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Salaries calc

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Management calc

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Other Costs - % of EGI calc

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Benchmark cost

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Appliances calc

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Wall heat/Air Conditioning Calc

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Elevator Calc

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Total Operating Expenses

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Net Operating Income

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CMB 5-Year

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Interest Rate (CMB + 0.55%)

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Loan Amount Calculation

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Max Loan Amount 1

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Max Loan Amount 2

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Max Loan Amount 3

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Max Loan Amount 4

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Actual LTP % 1

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Actual LTP % 2

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Actual LTP % 3

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Actual LTP % 4

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Loan Amount Calculation End

Proforma
Gross Potential Revenue	@{:35}
Less: Vacancy & Bad Debt	- @{:36}
Effective Gross Revenue	@{:37}
Maintenance and Repair	@{:38}
Salaries	@{:39}
Management	@{:40}
Other Costs - % of EGI	@{:41}
Appliances	@{:42}
Wall heat/Air Conditioning	@{:43}
Elevator	@{:45}
Total Operating Expenses	@{:46}
Net Operating Income	@{:47}

Please see below for the estimated loan to purchase based on the data submitted.

ASSUMPTIONS:

- Maximum amortization can be supported by the remaining life of the building (per appraisal or Building Condition Report)
- Appraisal can support the purchase price

Interest Rate applied at %

If you would like a more detailed report showing the proforma along with the breakdown by the points and loan values, please provide your email in the following page to have access to this information.

CMHC PARAMETERS

CMHC Program	Points	LTP	DCR	Amortization
Standard	0	Up-to 85%	1.30	40
Select	50	Up-to 85%	1.10	40
Select	70	Up-to 95%	1.10	45
Select	100	Up-to 95%	1.10	50

CMHC PARAMETERS

CMHC Program	Points	LTP	DCR	Amortization
Standard	0	Up-to 85%	1.30	40
Select	50	Up-to 95%	1.10	40
Select	70	Up-to 95%	1.10	45
Select	100	Up-to 95%	1.10	50

LOAN ANALYSIS

CMHC Program	Total Points	Estimated LTP	Amortization
Standard	0	%	40
Select	50	%	40
Select	70	%	45
Select	100	%	50

LOAN ANALYSIS

CMHC Program	Total Points	Estimated LTP	Amortization
Standard	0	%	40
Select	50	%	40
Select	70	%	45
Select	100	%	50

CMHC PREMIUMS

Leverage	0 Points	50 Points	70 Points	100 Points
Up to and including 65%	4.10%	3.24%	3.08%	2.87%
Up to and including 70%	4.35%	3.47%	3.28%	3.05%
Up to and including 75%	4.85%	3.92%	3.68%	3.40%
Up to and including 80%	5.85%	4.82%	4.48%	4.10%
Up to and including 85%	6.85%	5.72%	5.28%	4.80%
Up to and including 90%	N/A	6.21%	5.72%	5.18%
Greater than 90%	N/A	6.44%	5.92%	5.36%

CMHC PREMIUMS

Leverage	0 Points	50 Points	70 Points	100 Points
Up to and including 65%	3.35%	3.02%	2.88%	2.70%
Up to and including 70%	3.60%	3.24%	3.08%	2.87%
Up to and including 75%	4.10%	3.69%	3.48%	3.22%
Up to and including 80%	5.10%	4.59%	4.28%	3.92%
Up to and including 85%	6.10%	5.49%	5.08%	4.62%
Up to and including 90%	N/A	N/A	5.52%	5.01%
Greater than 90%	N/A	N/A	5.72%	5.18%

CMHC PREMIUMS

Leverage	0 Points	50 Points	70 Points	100 Points
Up to and including 65%	4.50%	3.60%	3.40%	3.15%
Up to and including 70%	5.00%	4.05%	3.80%	3.50%
Up to and including 75%	5.50%	4.50%	4.20%	3.85%
Up to and including 80%	6.25%	5.18%	4.80%	4.38%
Up to and including 85%	7.25%	6.08%	5.60%	5.08%
Up to and including 90%	N/A	6.75%	6.20%	5.60%
Greater than 90%	N/A	6.98%	6.40%	5.78%

DISCLAIMER: By reviewing the data above, you understand and agree to the following. This analysis is for General Information purposes only. Nadeem Keshavjee and GreenBirch Capital Inc (“Company”) is not liable for any loss, based on the interpretation of the information in this post. This post should not be construed as a promise of loan or a guarantee of results to be achieved.

LOCATION OVERVIEW

PROPERTY OVERVIEW

FINANCING OVERVIEW

Loan amount not supported due to negative NOI

SUITE OVERVIEW

Derived from Location

Derived from Location

Calculation

Loan Amount Calculation

Loan Amount Calculation End

DETAILED PDF REPORT OF ANALYSIS

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