First National Financial LP
land

Bridge financing for land

First National’s bridge loans are ideal for borrowers who have yet to secure construction financing or who need the time and flexibility to plan the best future use of their land. 

First National’s bridge loans are short-term in nature and used until construction financing is secured. Some borrowers choose bridge financing when they need the flexibility to plot the future of their assets. 

Bridge financing includes floating interest rates and usually allows some form of early prepayment. 

A borrower’s expertise, net worth and liquidity, location and quality of the site are key considerations for this type of financing.


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An overview of recent First National financings across geographies and asset classes, including a brief summary of deals and the financing amounts.

Smart risk solutions in action for land

See how we’ve applied our financing products innovatively to help land borrowers achieve their goals with performance and value.

To replace the existing land financing

  • $3.5 Million
  • 25,619 sq. ft.
  • Victoria, British Columbia
  • Conventional Mortgage
  • 1 year term, amortization Interest only
  • LTV: 43.00%

Loan to redevelop the site with two mixed used buildings

  • $18.4 Million
  • 98,010 sq. ft.
  • Mississauga, Ontario
  • Loan financing
  • 3 years term, interest only amortization

To provide land financing while the borrower completes the required financial zoning

  • $9.5 Million
  • 152,890 sq. ft.
  • Toronto, Ontario
  • First mortgage loan
  • 18 months term, interest only amortization
  • LTV: 67%

Bridge loan to provide capital

  • $5 million
  • 155,945 sq. ft.
  • Guelph, Ontario
  • Conventional purchase
  • 1 year term, Interest only
  • LTV: 63%

Bridge loan to provide capital for land purchase

  • $6 million
  • 36,590 sq. ft.
  • Brampton, Ontario
  • Conventional purchase
  • 1 year term, Interest only
  • LTV: 63%

Loan used to purchase already zoned land for a proposed mixed use development

  • $3 million
  • 442 units
  • Saskatoon, Saskatchewan
  • Conventional First Mortgage
  • 12 months term, Interest only
  • LTV: 60%

Land loan used to fully repay an existing loan and fund an 18 month debt servicing reserve

  • $29 million
  • 189,595 sq. ft.
  • Vancouver, British Columbia
  • Land loan financing
  • 18 months term, interest only amortization
  • LTV: 55%

Funds to assist with the purchase of land and pre-development costs

  • $5 million
  • 119,001 Sq. ft.
  • Toronto, Ontario
  • Pre-development first mortgage
  • 36 months term, interest only amortization
  • LTV: 54%

Latest resources and insights

Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.

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Founded in 1992 in Leamington, Ontario, Piroli Group started in general contracting (under the name of Piroli Construction) but has evolved into a multi-faceted development group.

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Capital Markets update

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First National’s, Jason Ellis, provides an overview as well as an update of the markets including rates, Government announcements and changes to the Commercial mortgages. Read an overview here.

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View other land mortgage solutions

Construction financing

A First National construction loan provides funds to cover the cost of building or rehabilitating a property with terms typically of three years or less.

Learn More: Construction financing
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