Creative financing for Canadian residential properties

[Eric Chang]

I have a small portfolio of residential rental SFRs. As fellow Canadians, we all know the challenge to get bank financing beyond 3-5 properties. I've done some creative financing structures such as partnerships, seller financing, etc. so far.

I recently came across on the BP podcast that in the US, some banks would allow bundling a portfolio of residential SFRs into a commercial loan. I spoke with a commercial mortgage broker and he said he isn't aware of any lenders doing that in Alberta. He did say if I can bundle a portfolio to around 5mil range, he might be able to do something.

I'm curious if the experienced Canadian investors here have any suggestions other than using private lenders?

Appreciate your insights.