THE BM SELECT
INVESTOR EDGE
Conversion
PLUS
(+)
The bank says no, but we say YES. Go from
negative to positive with our exclusive condo
conversion financing, made simple.
Click here! to download the Investor Edge Toolkit.
When banks say no to condo conversions
Introducing Conversion Plus(+):
Go from negative to positive with our exclusive condo conversion financing made simple.
A program built specifically for real estate investors buying newly converted condo units — or entire buildings post-conversion.
With BM Select’s Conversion Plus (+), you get access to traditional rental financing with no rate premiums, no lender fees, and no pushback on the property type.
Key points:
-
Financing available for entire condo-converted buildings or individual rental-designated units
-
Treated as a standard rental purchase
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Up to 80% loan-to-value based on rental use
-
Low bank-like interest rates
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30-year amortization terms
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Based on standard mortgage qualification (credit history, GDS/TDS guidelines, DCR, etc.)
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Ideal for investors whose bank or broker has had difficulty financing these types of properties
Who it's for:
Investors purchasing buildings or units that have recently completed condo conversion
Buyers acquiring entire strata-titled properties to hold and rent
Landlords looking to buy condo-converted assets without being penalized
on rate
Clients seeking standard rental underwriting on a non-traditional asset type
Disclaimers
- Clients must meet specific qualification criteria including credit, net worth, and income verification.
- Loan-to-value limits, interest rates, and amortization options are subject to change at any time.
- Financing is based on the property being used as a rental.
- The property must be a formally registered condominium conversion, completed prior to closing.
- All approvals will be subject to a full appraisal from an accredited, approved appraiser.
- Condo conversion history, title structure, and municipal approval documentation may be required for underwriting.
- This program may not be applicable in all provinces.
- Better Mortgage Select Ltd. is not responsible for changes in policy, regulatory guidelines, or funding delays.
- Approval may be subject to a brokerage fee.
- You may be required to send in additional documentation at any part during the mortgage process up until the final closing.
