CMHC MLI Select takeout financing is in place for a 31-unit multi-family rental project in Victoria, BC, known as “The Charlesworth.”
The Charlesworth offers seven layout types of boutique apartments. The interiors are meticulously designed to evoke a sense of modernity while balancing a respect for the history of this particular city block. Its prime location allows for a short walk to downtown, Beacon Hill Park, and the Dallas Road waterfront.
The rooftop terrace is undoubtedly one of this project’s most impressive features. Unobstructed views of the Juan de Fuca Strait and downtown Victoria give residents and guests a truly spectacular vantage point.
The MLI Select program allowed for superior leverage in our current rate environment and the ability to forward fix the rate up to four months in advance of funding.