The Multi-Family Rental Property & Mobile Home Park Specialist
Rental Properties with 5+ Suites Eligible for CMHC’s MLI Select Low Cost Mortgages
For the last 2 years, the leading commercial real estate market in B.C has been, and still is, residential rental properties with 5 or more rental units constructed with and/or purchases funded by CMHC’s MLI Select Insured mortgages. The reason is because these mortgages maximize the investor’s cash flow and thus hold and increase the value of these properties with:
- Up to a maximum of 95% Loan to Cost or Loan to Value (Limited by the mortgage available from the property’s cash flow.)
- Amortization periods up to mximums of 40, 45 or 50 years, depending in the building’s accumulated points.
- Long-term interest rates 1.00 to 2.00% below normal market interest rates.
Please go to the header selection titled “Apartment Buildings on Vancouver Island“ for listings.
Professional Real Estate Services
- Rental 4 Plexes, Quadruplexes
- Rental 5 Plexes to 8 Plexes
- Residential Apartment Buildings
- Modular & Mobile Home Parks
- Mini Storage Facilities
- Distressed Rental Properties
- Foreclosed Rental Properties
- Retail Liquor Stores & Pubs
- Hotels & Motel
- Commercial & Industrial Leasing
- Commercial Rental Property Management
Your Client Referrals
Your client referrals are my very best advertising and undeniable verification to me that I am providing the best services possible to all my clients. Furthermore, they are greatly appreciated. If you do recommend me to someone, please ensure that either you or they let me know about your referral. You may use the contact form below to refer someone if this is convenient for you.
Free Consultations
If you would like to contact Mike about your real estate needs or wants, a specific listing or for an analysis of your rental building(s) in strict confidence and absolutely free, please complete the following form.
Some of Mike’s Real Estate Transactions
14 Suite Multi-Family Building – Langford
5 Suite Converted Mansion – Fairfield
8 Suite Multi-Family Building – Fairfield
Residential Development Site – North Park
5 Unit Commercial Building – North Park
Rental Development Site – North Park
4 Suite Multi-Family Building – Courtenay
Large B&B/Ladies Spa – Qualicum Beach
Liquor Retail Store – Mid Vancouver Island
Rental Cottage Property – Sayward
Small Operating Business – Black Creek
6 Suite Apartment Building – Port Alberni
25 Pad Mobile Home Park – Nanaimo
8 Acre Motel, RV, Campground – Sayward
26 Acre Golf Course – Sayward
3 Acre Mobile Home Park – Sayward
Rental Half Duplex – Courtenay
Rental House with Suite – Courtenay
Residential Rental Property – Comox
Residential Property – Sayward
Rental Condo – Courtenay
Retail Commercial Lease – Courtenay
Automotive Sales Lot Lease – Courtenay
Residential Property – Courtenay
Commercial Rental – Courtenay
20 Acre RV Park – Okotoks
Office Building – Nanaimo
75 Pad Mobile Home Park – Terrace
2 Suite Commercial Building – Nanaimo
Office Building – Courtenay
Oceanfront Estate & Coach House – Bowser
Mobile Home Park Testimonial
I have worked with Mike Mullin for the past 2 years to find and purchase the suitable mobile home park in this hot real estate market. Mike’s patience, knowledge in this field and commitment to his client’s goal were the reasons that we finally got the right park under contract. The due diligence he maintained from presenting the offer, the negotistions, subject extensions and closing was highly efficient. In a market like this, there is no margin for error and he was able to effectively communicate on my behalf to execute the deal to completion. I look forward to working on our next deal, Mike!
Ali Mohammadi, Vancouver, B.C.
A CPA as a Commercial Realtor®
Being a CPA, CGA is not the end all or be all in commercial mortgage brokerage or commercial real estate. But my extensive financial background does give me a great advantage when analyzing and developing presentation packages for commercial lenders, buyers and/or sellers. Further, this enables me to negotiate with all parties from a position of strength, thereby greatly increasing our chances of success.