Insights

Cameron Stephens Mortgage Capital (CSMC) is thrilled to announce the recent funding of a $33.5 million bridge and inventory loan provided to a completed mixed-use high-rise development in Surrey, BC.

• 17 residential inventory units
• 48 purpose built residential rental units
• Over 10,000 SF of fully leased ground floor commercial space

THE CHALLENGE: Equity Release & Refinance Required

The condominium development achieved occupancy in Q1 2025 with the Borrower holding back purpose built residential rental units located within the podium, inventory condo units within the tower and over 10,000 SF of fully leased commercial space. The Borrower required a timely financing solution to repay the residual balance on the existing construction loan and to repatriate equity from the project to fund future acquisitions.

THE SOLUTION: Timely Financing in a Difficult Residential Real Estate Market

CSMC provided a customized solution by underwriting and syndicating the deal to institutional capital partners, led by Conor Soye, Senior Director Mortgage Origination and Kyle Yatabe, VP Syndication. CSMC leveraged its extensive network of capital partners to syndicate the deal in a timely manner, despite a challenging residential real estate market.

THE CAMERON STEPHENS ADVANTAGE:

✅ Strong Syndication Expertise in Western Canada: CSMC’s relationships with institutional and private partners in Western Canada enabled a tailored loan to be delivered in a timely manner in a challenging market.

✅ Greater-Vancouver Market Expertise: CSMC leveraged its intimate knowledge of the Greater-Vancouver real estate market to successfully communicate the project’s value to lenders who were initially unfamiliar with the Surrey market.

• Conor Soye, Senior Director Mortgage Origination, Agent Level 2 and Submortgage Broker
• Kyle Yatabe, VP Syndication

CSMC is Ontario Mortgage Brokerage License #10769 | Administrator License #11807
Licensed as Associate and Submortgage Broker in Alberta and BC, respectively