Winter 2021

Cameron Stephens & Lamb Developments

The Woodsworth

Lamb Developments

A proven record of working together

Watch our latest DealTalk video featuring The Woodsworth by Lamb Development Corp. This boutique, 17-storey condominium is situated in the heart of Toronto’s entertainment district with 125 loft style units and retail at grade. Cameron Stephens has worked with Lamb Development Corp. on numerous projects in the past, and for this project we facilitated the land loan as well as term, mezzanine and construction financing. The project broke ground in 2019 and construction is scheduled to be complete in the fall of 2021, delivering another successful project in this partnership.

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Welcome to Dan Nohdomi, CFO

Dan Nohdomi

Cameron Stephens Mortgage Capital Ltd., is pleased to announce the appointment of Dan Nohdomi as Chief Financial Officer and Senior Vice President.

"Dan is an experienced finance and investment professional who brings over 15 years of extensive expertise in corporate finance, mergers and acquisitions, and restructuring." said Steve Cameron, Cameron Stephens' Executive Vice President. "We are thrilled to have Dan join our growing company and believe he is the right person to help lead Cameron Stephens into the future."

Mr. Nohdomi was formerly the Senior Advisor to Fair Capital Partners, an alternative investment firm and bespoke solutions provider, focused on private debt, direct lending and coinvestments in the lower to middle market in North America. Prior to this, he was the CFO of Callidus Capital Corporation, an asset-based, specialty lender that he assisted in growing from a private organization to a publicly traded platform during his tenure.

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Cameron Stephens in the Community

In The Community

Community. Compassion. Commitment.

Across Canada, there are communities in need of support. By partnering with City Street Outreach (CSO), we are helping aid the members of our communities who need it most. CSO is a volunteer-led charity providing resources to those struggling with poverty across the GTA. Learn more about how we’re making a difference in our communities.

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Recently Funded Projects



CSMC funded a $56.95MM 1st mortgage term loan, secured against two existing student rental buildings in the city of Waterloo, ON.

For this deal we were able to offer our borrower’s a low DSCR covenant and we were able to consolidate their debt into one loan facility.

By providing a blanket 1st mortgage against two separate assets, CSMC provided one commitment letter for both assets at one very competitive fixed rate on a five year term basis thereby reducing both carrying costs and the overall costs associated with borrowing.



CSMC funded a $52.4MM construction loan for a condo development in Barrie, ON. This deal was funded in March of 2020, right as the first COVID shutdown was announced and there were a lot of unknowns in the marketplace.

Even during a global pandemic, we were able to get this deal done, and get our clients into the ground, starting construction before the competition and at a fair price.



CSMC funded a $26.8MM pre-development loan and letter of credit facility that bridged a high-density project to sales and construction of its initial phase slated for this year.

CSMC was able to provide funding to refinance expensive debt, for construction of a main arterial roadway and municipal services for the site, as well as was able to complete the public transit portion of the project that has direct access to the site, including a bus terminal with 11 bays for VIVA, York Region Transit, GO, and Durham Region Transit.

We’re proud to finance this project and are looking forward to the growth it will bring the Markham community.



CSMC funded a new $9.6MM land loan to replace an existing 1st and 2nd mortgage at a lower cost of capital while also providing an equity take out to fund go forward soft costs leading into sales/construction.

This new project will bring 82 luxury new towns, semis and singles to Brampton, ON.

The borrower chose to work with Cameron Stephens on the land loan given our ability to transition into a competitive construction offer.

We’re proud to partner with a developer who has been in the business over 20 years and has a proven track record of developing beautiful homes.



CSMC Funded a $18.475MM, 1st mortgage, construction loan & letters of credit, for the buildout of a 59-unit townhouse development in the burgeoning "Alice Block" neighbourhood of Guelph, ON.

What do we love about this deal? It was negotiated, committed, and closed during the height of the COVID pandemic (March, May, July), and establishes a financing relationship with a builder with roots dating back to the 1940’s, and included minimal cash equity for our borrower. The City of Guelph continues to experience unprecedented growth and Cameron Stephens is proud to be a part of it.