DoBuildProforma Studioby DoBuild

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 investmentCMHC MLI SelectCMHC ACLPConventional loan
Build typePurpose-built rentalCondominiumLand subdivisionCustom build

CMHC MLI Select is not available for this project as entered

  • CMHC multi-unit insurance covers rental housing only — all units and the structure must be owned and operated by the borrower. This project is owner-occupied.
  • 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

Custom build

Location not set

Derived from the breakdown

Target governs · variance n/a
Dwelling dwellings
0
  • Enter a target count or a dwelling 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

$0 / unit · $0 / sf

Completed market value

$0

Finished home — no rent roll

Max insured loan

$0

Binding: Loan-to-Cost / Loan-to-Value / DCR (tied)

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

Rates outside guideline (1)

  • Amortization — you entered 50 years, guideline is 25 years

    A 0-point tier does not qualify for an amortization longer than 25 years.

    Source: CMHC Multi-unit Fees and Premiums (66798 20250513-002A), effective 2025-07-14

Program checks

  • 50-year amortization exceeds the 25-year maximum at 0 points.
  • CMHC's minimum replacement reserve is 2% of effective gross income.
  • CMHC requires minimum project equity of 25% before the first advance when a rental achievement holdback applies (5% otherwise).

Advancing

Construction advancing & equity required

Total funded loan$0
Advance cap during construction75%
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

Lesser of three CMHC tests

Eligible cost basis (excl. financing fees & premium)$0
1 · Loan-to-Cost test$0
As-complete lending value (NOI ÷ cap rate)$0
2 · Loan-to-Value test$0
Annual mortgage constant2.0000%
Contract rate0.00%
Qualifying rate (higher of contract & market)0.00%
Qualifying mortgage constant2.0000%
3 · DCR test (at qualifying rate)$0
Maximum base loan — Loan-to-Cost / Loan-to-Value / DCR (tied)$0
CMHC insurance premium (financed)$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
Effective loan-to-cost0.0%

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 (0-month lease-up, computed)$0
Subtotal — G Operating to Stabilization$0

H — CMHC & Financing Costs

H1 Lending / Commitment Fee$0
H2 Mortgage Brokerage Fee$0
H3 CMHC Application Fee (CMHC schedule)$0
H4 Draw / Administrative Fees$0
H5 Lender's Legal Fees$0
H6 Discharge Fee$0
H7 Interest During Construction (18 months, computed)$0
H8 QS / Cost Consultant (draw monitoring)$0
H9 Provincial sales tax on the CMHC premium (0% — payable in cash at closing, not financed)$0
Subtotal — H CMHC & Financing Costs$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 (excl. premium)$0
CMHC insurance premium (financed)$0
Total project cost (incl. premium)$0

Hard cost / sf

$0.00

Soft cost / sf

$0.00

Cost / sf GFA

$0.00

Cost / unit

$0

Contingency & escalation added by the app: $0.

CMHC schedule

How the CMHC & lending costs were derived

SourceCMHC published premium & fee schedule
Loan-to-value used for premium band95.0%
Base premium rate for that band7.00%
MLI Select premium reduction0%
Extended amortization surcharge1.25%
Premium rate applied8.25%
CMHC application fee$0
Lending / commitment fee0.00%
Mortgage brokerage fee0.00%
Shelter type / loan purposeStandard rental · New construction
Schedule versionEffective 2025-07-14 · reviewed 2026-08-08

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.