Develop With Optima

Your land. A turnkey path to a completed multi-family asset.

Optima combines development, financing knowledge and direct construction execution so landowners and partners do not have to assemble every part of the process independently.

Turnkey Development

You may already own the most important ingredient: the land.

For many property owners, the barrier is not identifying a promising site. It is knowing what can be built, whether the numbers work, how the project can be financed and who can actually deliver it.

Optima can provide a connected development platform from the earliest feasibility discussion through completed construction and operating readiness.

Site and development feasibility
Development budgeting and project economics
CMHC and lender financing coordination
Design and consultant management
Municipal approvals and project planning
General contracting and construction delivery
Completion, turnover and lease-up readiness
Completed Optima multi-family apartment development
CMHC MLI Select

A financing tool that can make development possible with significantly less equity.

Many landowners are familiar with traditional commercial construction financing but are not aware of the leverage and amortization potentially available to qualifying purpose-built rental projects through CMHC's MLI Select program.

Potential MLI Select Flexibilities

Up to 95%
Loan-to-cost for qualifying new construction.
Up to 50 years
Amortization may be considered for qualifying projects achieving the required MLI Select score.

Why Optima's experience matters

Financing at this level is not simply a matter of filling out an application. A serious project requires credible budgets, a viable development plan, an experienced construction team, lender coordination, documentation, cost controls and disciplined execution.

Optima has an established track record with CMHC-insured multi-family financing, including the successful financing and delivery of multiple purpose-built rental developments.

Using Optima does not guarantee CMHC approval. Our value comes from bringing a team that understands the development and construction process, has successfully worked within CMHC-financed projects, and can help build the project plan and documentation that lenders and CMHC need to evaluate.

The opportunity: a landowner who assumed a project required conventional levels of equity may discover that a qualifying purpose-built rental development has a very different financing profile.

All financing is subject to lender underwriting, CMHC eligibility and approval, MLI Select scoring, project economics and current program requirements. No financing outcome is guaranteed.

How We Work

One connected process.

The development team, financing strategy and construction plan need to work together from the beginning.

FeasibilitySite, density, planning constraints, concept and preliminary economics.
StructureDevelopment model, budget, ownership objectives and financing strategy.
Design & ApprovalsArchitects, engineers, municipal approvals, constructability and value decisions.
ConstructionProcurement, trades, cost control, schedule, quality and lender draws.
DeliveryCompletion, turnover, lease-up readiness and operating transition.
Integrated Capability

Development expertise backed by direct construction execution.

Feasibility & Economics

Early assessment of site potential, project scale, development costs and viability.

CMHC & Financing

Experience with CMHC-insured multi-family financing, lender requirements and construction draws.

Consultant Coordination

Architects, engineers, planning, municipal approvals and other project consultants.

Budget & Cost Control

Development budgets, procurement, construction cost planning and ongoing controls.

Construction Delivery

Established trade and subcontractor relationships supporting multi-family execution in Calgary.

Owner Perspective

Decisions informed by long-term asset ownership, durability, lease-up and operating performance.

Proof of Delivery

The portfolio is part of the development story.

Experience is easier to understand when you can see the completed work.

Optima completed multi-family development at 1739 33 Ave SW
Optima completed multi-family development at 1801 33 Ave SW
Optima completed multi-family development at 3235 Kinsale Rd SW
Optima completed multi-family development at 3916 30 Ave SW
Optima completed multi-family development at 4616 73 St NW
Optima completed multi-family development at 8040 33 Ave NW
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Start With the Property

Own land with multi-family development potential?

Send us the location, site size, current zoning if known, ownership objectives and timing. We can start with a practical discussion about what may be possible.