Insights

Cameron Stephens is excited to provide financing for a low-rise project spanning 17 acres located in Whitby, Ontario. CSMC’s loan of $31,025,000 1st mortgage, will refinance Cameron Stephens’ existing land loan, and fund cost to complete construction financing for 18 single detached homes and servicing financing for 138 townhomes.

CSMC initially financed the site’s acquisition in 2021 with a Loan to Purchase Price of 95%+, recognizing a substantial increase in land value due to the Borrower’s successful negotiation of a highly favourable deal with the vendor.

The successful execution of this financing was led by Riccky Dasgupta, FRM, CFA, Vice President & Head of Origination and Matin Babaei, Mortgage Investments Analyst.

WHY THIS DEAL MATTERS

✅ Strengthening Existing Relationships:
Cameron Stephens has a long-standing relationship with this client and has supported the client by funding over 20 loans across multiple asset classes over the past 10 years.

✅ One-Stop Solution:
Cameron Stephens provided a land loan for the subject property and is following up with a Cost to Complete Construction Loan, and Servicing Loan. In the near future, Cameron Stephens will extend a Revolving Loan to support the construction of townhomes and provide an inventory loan for the unsold detached homes and townhomes. The client will benefit from comprehensive end-to-end service with a single lender and a unified loan, thereby reducing legal costs and enhancing execution certainty.

For further information and commercial real estate opportunities, reach out to us at financing@cameronstephens.com.

Ontario Brokerage License # 10769

• Riccky Dasgupta, FRM, CFA – Vice President and Head of Origination, Agent Level 2
• Matin Babaei, Mortgage Investments Analyst