CMHC Insured Term Debt Financing

As a CMHC approved lender, Timbercreek can provide financing solutions to its borrowers with a down payment as low as 5%. Qualified borrowers can benefit from the competitive rates offered through government-backed mortgage insurance program which in turn translates into reduced borrowing costs.

Why CMHC Insured Financing?

  • Streamlined approval process with CMHC’s established underwriting criteria
  • Enhanced leverage opportunities with higher loan-to-value ratios
  • Extended amortization schedules for improved debt service coverage
  • Optimized cash flow management supporting stronger investment performance

Application Criteria

PROPERTY TYPE

Income-producing multifamily and mixed use rental
properties (5+ units)*

LOAN SIZE

$3 million to $150+ million

LOAN-TO-VALUE

Up to 95% with CMHC insurance

TERM

5 or 10-year, up to
50 years amortization

*Available for new construction, acquisition and term financing with portfolio lending options for multiple properties.

INQUIRIES

Mike Sagert
Executive Director, CMHC Multifamily Program

Mike Sagert joined Timbercreek in April 2025 as Executive Director, CMHC Multifamily Program. In his role with Timbercreek, Mr. Sagert assists with the development and launch of Timbercreek’s CMHC business. He plays an instrumental role in coordinating internal efforts as well as building relationships with external investors and CMHC.

Mr. Sagert previously worked for KV Capital as Vice President, CMHC Multifamily where he was responsible for the growth and development of the CMHC Multifamily lending platform. Prior to this, he worked as Vice President & Managing DIrector, CMHC Multifamily at CMLS FInancial and in various roles at Canada Mortgage and Housing Corporation.

Mr. Sagert obtained his Bachelor of Management, Major in Economics from University of Lethbridge.

Contact: msagert@timbercreek.com

Jordan Dunbar
Jordan Dunbar
Director, Origination

Jordan joined Timbercreek in June 2026 as a Director, Origination.

In his role with Timbercreek, Mr. Dunbar is responsible for originating new loan opportunities in Western Canada, with a primary focus on sourcing and executing CMHC-insured transactions. He works closely with borrowers and industry participants to identify, evaluate, and advance financing opportunities across the region.

Mr. Dunbar joins Timbercreek from Peoples Group, where he most recently worked as a Business Development Manager and managed a $2 billion loan portfolio, including more than $1 billion in originated CMHC-insured and conventional financing. He brings extensive experience across a broad range of commercial lending transactions, with particular expertise in CMHC multifamily term and construction financing, spanning underwriting through servicing. Prior to this, he worked as a Business Analyst at BC Assessment.

Mr. Dunbar holds a Bachelor of Economics from the University of Calgary.

Contact: jdunbar@timbercreek.com

Bernie Billesberger
Associate, CMHC Multifamily Program

Bernie Billesberger joined Timbercreek in September 2025 as Associate, CMHC Multifamily Program. In his role at Timbercreek, Mr. Billesberger will focus on supporting the expansion of CMHC term and construction lending initiatives. He will also contribute to underwriting and assist with various responsibilities within the existing Timbercreek operations.

Mr. Billesberger has most recently worked for MCAP Financial as Senior Analyst, Development Finance where he was responsible for underwriting in excess of $500M in conventional financing structures for land acquisition and servicing and liaised with internal and external investors to facilitate syndicated mortgage loans. Prior to this, he worked as Account Manager, Construction Finance and Senior Analyst, Construction Finance at CMLS Financial and Bilingual Commercial Funder at First National Financial.

Mr. Billesberger obtained his Bachelor of Arts from University of Saskatchewan.

Contact: bbillesberger@timbercreek.com

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