This model is an independent estimate produced by DoBuild Proforma Studio. Premium and fee figures follow CMHC’s published multi-unit schedule effective 2025-07-14, but loan sizing, underwriting value and program eligibility are determined solely by CMHC and the Approved Lender. Lender-side charges are market estimates, not published CMHC figures. Nothing here is a commitment, quote, or approval.

Detailed version

Cash investment CMHC MLI Select CMHC ACLP Conventional loan

Build typePurpose-built rental Condominium Land subdivision Custom build

CMHC ACLP (Apartment Construction Loan Program) is not available for this project as entered

Multi-unit insurance requires 5 or more housing units; this project has 0.

Switch to a conventional construction loan or cash, or change the inputs that fail the test. The figures below still compute, but they are not a route this project can take.

Untitled project

Purpose-built rental

Location not set

Project nameLocationTotal GFA (sf)

Non-residential GFA (sf)

Commercial / retail area. CMHC limits the non-residential share of the loan.Construction period (months)

Lease-up period (months)

Absorption to stabilised occupancy — the window the carry has to fund.

Total suites — target

A planning figure only. The unit breakdown governs as soon as any unit type exists.Counted in

Derived from the breakdown

Target governs · variance n/a

Dwelling suites: 0

Enter a target count or a suite breakdown — there is nothing to compute.

Results

Download the completed proforma as a spreadsheet or a report.

PRE-SUBMISSION DRAFT — NOT A CERTIFIED COST REPORT

Export

Total project cost

$0 / unit · $0 / sf

Stabilized NOI (Yr 1)

EGI $0

Max ACLP loan

Binding: Loan-to-Cost (residential)

Stabilized DCR

0.00

Below minimum DCR

ACLP · Tier 3 — entry terms

Scorecard, tier terms and the three interest phases

Streamstandard · min 5 units

Affordability points0

Market points0

Climate points0

Total points0

Points to Tier 165

Max LTC — residential90%

Max amortization / permitted terms45 yr · 10 yr term

Land equity may be financedNo

Qualifying rate (indicative 10-yr + 1.00%)2.00%

CMHC application fee (ACLP schedule)$0

Insurance premiumNone — CMHC lends directly

Residential loan — bound by LTC$0

Meets the $1,000,000 minimum loanNo

Phase 1 — interest financed by the loan (construction)$0

Balance at occupancy permit$0

Phase 2 — borrower-paid interest, monthly (lease-up)$0

Phase 2 total, out of pocket$0

Phase 3 — principal & interest, annual$0

Report accuracy

Estimate only · 0% verified

0% of total project cost is anticipated (estimated) and 0% is verified (quoted or contracted).

Verified

0% · $0

0 lines

Anticipated

0% · $0

0 lines

App-calculated

0% · $0

Program checks

ACLP interest is computed on CMHC's straight-line draw schedule; the draw-shape setting does not apply to this program.
Amortization capped at 45 years at Tier 3.
Enter CMHC's indicative 10-year fixed rate — the ACLP qualifying rate is that rate plus 1.00%.
ACLP is closed to prepayment and the takeout at end of term is mandatory: the loan must transfer to a CMHC approved lender, sized by the normal tests.

Advancing

Construction advancing & equity required

Total funded loan$0

Advance cap during construction (no holdback)90%

Advanced during construction$0

Rental achievement holdback$0

Peak equity required (before holdback release)$0

Equity remaining after stabilization$0

Equity required before first advance$0

Loan sizing

Residential and non-residential sized separately

Eligible cost basis (excl. financing fees & premium)$0

1 · Loan-to-Cost test$0

As-complete lending value (NOI ÷ cap rate)$0

Annual mortgage constant2.2222%

Contract rate0.00%

Qualifying rate (higher of contract & market)2.00%

Qualifying mortgage constant3.3666%

3 · DCR test (at qualifying rate)$0

Maximum base loan — Loan-to-Cost (residential)$0

Total funded loan$0

Annual debt service$0

DCR at contract rate0.00×

DCR at qualifying rate0.00×

Replacement reserve (deducted from NOI)$0

Underwriting NOI (after reserve)$0

Monthly payment$0

Repayment basisAmortizing

Balance at end of 10-year term$0

Effective loan-to-cost0.0%

Valuation

Anticipated terminal value (cap rate)

BasisNOI ÷ cap rate

Selected cap rate5.5%

Project terminal value$0

Zoning in placeNo

Permit statusNot started

Property

Acquisition & carry

TenureFree & clear

Purchase price$0

Closing fees (lending, brokerage, legal)$0

Cash required at close$0

Property tax during carry$0

Uses of funds

Development budget

A — Property Acquisition & Land

A1 Purchase Price$0

A2 Deed Transfer Tax, Legal & Closing (incl. lawyer's closing fees)$0

A3 Property Mortgage Lending & Brokerage Fees$0

A4 Property Taxes During Hold / Construction$0

A5 Existing Property Mortgage Carry (0 yrs, interest only)$0

Subtotal — A Property Acquisition & Land$0

B — Construction

B1 Hard Construction Cost$0

B2 Change Order Allowance$0

B3 Construction Management Fee$0

B4 CM Fee — Pre-Construction$0

B5 FF&E (amenity & common areas)$0

B6 Utility Service Connections$0

B7 Utilities During Construction$0

Subtotal — B Construction$0

C — Design, Engineering & Soft Costs

C1 Prime Consultants (Arch/Struct/Mech/Elec)$0

C2 Civil Consultant$0

C3 Geotechnical Engineer$0

C4 Environmental Consultant$0

C5 Surveyor$0

C6 Landscape Architect$0

C7 Interior Design$0

C8 Acoustical Consultant$0

C9 Appraisal$0

C10 Testing & Inspections$0

C11 Energy Modelling / MLI Select Scoring$0

C12 Other Consultants & Disbursements$0

Subtotal — C Design, Engineering & Soft Costs$0

D — Legal & Administration

D1 Legal Fees (general & closing)$0

D2 Development Management Fee$0

D3 Course of Construction & Liability Insurance$0

D4 Bonding / Security$0

D5 Accounting & Office Administration$0

Subtotal — D Legal & Administration$0

E — Development Fees & Permits

E1 Municipal / Application Fees$0

E2 Development Charges$0

E3 Building Permits$0

E4 Demolition Permits$0

E5 Cash-in-lieu of Parkland$0

Subtotal — E Development Fees & Permits$0

F — Marketing & Leasing

F1 Marketing (renderings, web, signage)$0

F2 Advertising$0

Subtotal — F Marketing & Leasing$0

G — Operating to Stabilization

G1 Operating Costs to Stabilization (12-month lease-up, computed)$0

Subtotal — G Operating to Stabilization$0

H — CMHC ACLP Financing Costs (direct CMHC loan — no premium)

H1 CMHC Application Fee (ACLP schedule)$0

H2 Interest During Construction — financed by the loan (18 months, computed)$0

H3 Draw / Administrative Fees$0

H4 Borrower's Legal Fees$0

H5 QS / Cost Consultant (draw monitoring)$0

H6 CMHC Mortgage Loan Insurance Premium — none under ACLP$0

Subtotal — H CMHC ACLP Financing Costs (direct CMHC loan — no premium)$0

I — Contingencies & Escalation

I1 Hard Cost Contingency (on hard construction)$0

I2 Escalation Allowance (on hard construction)$0

I3 Soft Cost Contingency$0

Subtotal — I Contingencies & Escalation$0

J — Government Taxes

J1 HST at Completion (self-assessed)$0

Subtotal — J Government Taxes$0

Total project cost$0

Hard cost / sf

$0.00

Soft cost / sf

$0.00

Cost / sf GFA

$0.00

Cost / unit

Contingency & escalation added by the app: $0.

Operations

5-year net income projection

($)	Year 1	Year 2	Year 3	Year 4	Year 5
Gross potential revenue	$0	$0	$0	$0	$0
Less: vacancy & bad debt	-$0	-$0	-$0	-$0	-$0
Effective gross income	$0	$0	$0	$0	$0
Less: operating expenses	-$0	-$0	-$0	-$0	-$0
Net operating income	$0	$0	$0	$0	$0
Less: debt service	-$0	-$0	-$0	-$0	-$0
Net cash flow	$0	$0	$0	$0	$0
DCR	0.00	0.00	0.00	0.00	0.00
Cumulative cash flow	$0	$0	$0	$0	$0

Capitalization

Equity remainder & returns

Total project cost (incl. premium)$0

CMHC insured loan funded-$0

Potential government subsidy-$0

Equity remainder$0

Equity remainder as % of TPC0.0%

Investor equity retained$0

Sponsor equity retained$0

Investor cash invested$0

Year 1 investor distribution$0

Year 1 ROI on equity retained0.0%

Year 1 ROI on cash invested0.0%

Total 5-year distributions$0

5-year distribution multiple0.00×

Average yearly ROI on equity retained0.0%

0 units · 0 sf GFA · gross potential revenue $0 per year.