Fall Newsletter 2021
Expanding our portfolio in
Western Canada with Premiere
Cameron Stephens continues to build its funding portfolio across Canada. In 2020,we were presented an opportunity to arrange a loan for a project in New Westminster, British Columbia. Premiere is envisioned by I4 Property Group, led by our Western Canada team, Cameron Stephens arranged a $37 Million dollar 1st mortgage construction loan. Premiere is another example of a deal that was Financed from the Ground Up by Cameron Stephens!
Cameron Stephens in the Community
‘Tis The Season Of Giving
$53,165.69 raised by Cameron Stephens
for the Santa Shuffle!
Giving back is important to us and this year we are thrilled to have raised over $53,000 for the Santa Shuffle. Our team had a fabulous day taking part in the virtual Santa Shuffle with the funds raised going directly to The Salvation Army’s Gateway Toronto, a shelter and drop-in center for individuals experiencing homelessness and marginalization. $15,000 of the funds that were matched by Cameron Stephens will be going to Gateway’s sister shelter, Evangeline Women’s Residence.
A big thank you to all who donated towards this amazing cause!
READ MORE
THE PEOPLE THAT MOVE US
Meet our Western Canada Team
“With a strong focus on geographic diversification, our team is committed to building, establishing and maintaining a strong presence for Cameron Stephens out west. In 2021 alone, we were able to fund $120 Million for projects in Western Canada.”
– Brad Wise, SVP & Managing Director, Western Canada
Brad Wise
Senior Vice President & Managing Director
Western Canada
Brad Wise joined the company in 2021 and serves as Senior Vice President & Managing Director, Western Canada. Brad has over 25 years of real estate debt & equity finance, asset management and transaction experience. Prior to joining the company, Brad served 14 years with a Vancouver, BC based real estate investment and asset management firm, serving in the role of President for the past 9 years. Brad has been directly involved in the acquisition, financing and monetization of over $1.2 Billion of real estate assets since 2002.
Dan Stewart
SVP Originations
Western Canada
Dan Stewart leads our new loans and mortgage originations in BC and AB as the Senior Vice President – Originations, Western Canada. For over 40 years, Dan has amassed a wealth of expertise providing working capital to Canadian developers in BC through lenders such as Royal Trust, VanCity and Bank of America Canada. Previous to CSMC, Dan spent seven years as Managing Director of Atrium Mortgage Investment Corporation’s Prairie Region (Calgary office), and VP Mortgage Banking/Lending with Peoples Trust (Calgary office), where he helped to drive the success of numerous high-density residential and commercial projects.
RECENTLY BROKERED
VANCOUVER AND MISSISSAUGA
As a CMHC Approved Correspondent, Cameron Stephens Western Canada Originations Team was able to secure ten year term mortgages on three rental apartment buildings in Vancouver, BC and Mississauga, ON at an average of 45bps lower pricing, than was offered by the clients’ existing banks.
The three properties comprise 263 high-rise units that have been well maintained and retained high occupancy throughout Covid-19 isolation periods.
OUR RECENTLY FUNDED PROJECTS
RICHMOND HILL
CSMC funded a $7MM land loan for a development site located in Richmond Hill, ON. The Borrower is in the process of working with City staff to complete an Official Plan Amendment, Zoning By-law Amendment and Site Plan Approval for two, 8-storey buildings consisting of 255 residential units and 220,000 SF GFA.
The loan refinanced an existing incumbent, and provided the interest reserve and cost to complete working capital that the Project required in order to advance to full municipal approvals without the need for the Borrower to inject any additional cash equity. In order to meet the funding timeline of the Borrower, CSMC was able to advance the subject loan transaction within 7 business days of receipt of our executed Commitment Letter.
BRAMPTON
CSMC funded a $9.52MM land loan to assist Orioncap in the acquisition of a 1.58-acre residential development site located in Brampton, ON. The property in its present form is Site Plan Approved for a 4-storey stacked townhouse project featuring 90 units. Since closing, Orioncap and their team have filed for their building permit and are working to finalize their sales and marketing program for a 2022 sales launch. We look forward to supporting Orioncap and their team as the project advances.
TORONTO
CSMC funded a $12.45MM acquisition/bridge loan for the purchase of a two-storey, brick clad office building with one level of underground parking located along Queen Street West in a trendy part of Parkdale, close to Liberty Village.
The Borrower was acquiring the building vacant and had leased out the space to a popular membership based co-working tenant, with our bridge loan being utilized to allow sufficient time for tenant occupancy and stabilization prior to the eventual term out of the subject asset.
CSMC’s speed and creativity allowed for 10 business days between Letter of Intent execution and Commitment Letter issuance—followed by a quick closing at conventional interest rates in order to meet the needs of this Borrower.
WHAT’S NEW ON THE PODCAST 
FEATURED EPISODES
Episode 29 - Toronto Under Construction with Niall Finnegan from Finnegan Marshall
Niall Finnegan
Episode 29 of the Toronto Under Construction podcast welcomes Niall Finnegan from Finnegan
Marshall! Niall, a legend in Toronto’s real estate industry, joins us to discuss everything to do
with construction costs including government taxes and fees, developer profits, the rising costs
of construction and some of the factors that impact pricing and affordability in the GTA market.
Tune in now to episode 29 of the #TUCpodcast!
Episode 28 - Toronto Under Construction with Mazyar Mortazavi From TAS
Mazyar Mortazavi
Episode 28 of the Toronto Under Construction podcast welcomes Mazyar Mortazavi from TAS!
Mazyar joins us to discuss his design based approach to building, affordable housing and
inclusionary zoning, his successes and failures, and why he is committed to driving deep Impact
throughout their organization. All this and more in episode 28 of the #TUCpodcast!
Episode 27 - Toronto Under Construction with Steve Keyzer from Colliers
Steve Keyzer
We’re back with episode 27 of the Toronto Under Construction podcast with our guest Steve
Keyzer from Colliers! Steve joins us to discuss commercial real estate with a focus on land
assembly and pricing, density, and Toronto’s next hot neighbourhoods!