The Aveo Simplified Rental Program notably blends residential and commercial lending standards, offering a unique approach to property financing. Its use of a Debt Service Coverage Ratio (DSCR) is a standout feature, aligning more with commercial mortgages. This program is particularly flexible with property types, accommodating investments in student housing, short-term rentals, and rooming houses, which are often challenging to finance. However, potential investors should be aware of its limitations, including a maximum loan value of 70% Loan to Value and $2,000,000, which might restrict options in certain markets. Overall, it’s a practical choice for diverse property investments.
Rates and fees
Disclaimer: This rate table represents the best rates available from this lender. Rates and fees may depend on several factors, such as your Loan to Value, credit history, income, property use, property location, etc. For a precise quote, fill out the form at the bottom of the page for a no-obligation call.
This section lists what the lender either does accept or they may consider on a case-by-case basis depending on the rest of the application. If it’s case-by-case, we try and include a note in the policy details to help give more specific information. But keep in mind alternative (private and ‘b’) mortgages are situation dependent and some of the above items can’t be combined. If you’re unsure or have a question, please fill out the contact form at the bottom of the page or speak with your mortgage professional.
About the LenderCMLS Alternative Solutions is a flexible private lending solution from CMLS Financial, complementing their prime lending and AVEO product lineups. This unique offering provides increased flexibility, tailored to suit a wider range of borrower needs. It's designed to make homeownership more achievable across Canada, especially for those who may not fit the traditional lending criteria. As part of CMLS Financial, a well-established mortgage lender, this program combines the company's strong financial background and client-focused approach to deliver bespoke mortgage solutions that help more Canadians realize their dream of owning a home.
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The content on this website is for informational purposes only and does not constitute professional advice. Policies, rates, and fees are subject to change without notice at the lender’s discretion. There may be additional costs not mentioned on this page. Cost of financing is depends on the situation, and it is the responsibility of your mortgage professional to disclose that information at the time of application. In the event of a discrepancy between this page and the lender, the lender is assumed to be correct. Before making any financial decisions, please consult with a qualified mortgage professional. By using this website, you accept the above statement and our terms and conditions.