You can buy and hold an apartment building in a number of different ways. These include holding it personally, holding it as a corporation, holding it in a limited partnership, and holding it with tenants in common. Each of these ways have advantages and disadvantages. For instance, in order to obtain ten-year financing from CMHC, you will have to hold the apartment building as a corporation. At ROCK, we can help you understand the different requirements for lending and the market conditions for interest rates. We can help you make the best business decision for your financing and ownership choices. Contact us so we can discuss this further.
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