Over the last four years, Cameron Stephens’ Western Canadian business unit has grown steadily and strengthened its presence in the Alberta and British Columbia markets. We have intensified our commitment to these local markets, and worked diligently to source and fund quality financing transactions. We’ve accomplished this by growing our team and retaining expertise from origination, underwriting and funding, with over 100 years of collective knowledge and industry experience including lending sophistication and familiarity with local markets. We have also expanded and deepened our capital partnerships with institutions and private capital both locally and nationally.
Cameron Stephens views Western Canada as a growth market. This strategic initiative to replicate our successful nineteen-year Ontario track record has been evidenced by our record-breaking success in 2022. Our team is well positioned to leverage that recent achievement, and provide the British Columbia and Alberta markets with the level of service and excellence we have become known for. 2023 will be yet another year of growth as we stay true to our core values and mission, and achieve results by:
• Offering innovative, commercial mortgage financing solutions with market competitive rates & terms;
• Working with our borrowers and capital partners to structure flexible financing solutions that meet the specific needs of the project, sponsor and capital;
• Offering an industry-leading customer experience, led by our local representatives, to seamlessly complete transactions in the face of multiple market forces;
• Establishing Cameron Stephens’ brand as thought leaders and industry advocates in the Western Canadian commercial real estate markets;
• Continuing to be open and transparent with our partners and stakeholders; and,
• Maintaining and building our reputation as the leading Western Canadian non-bank lending partner for our clients across all market cycles.
As I reflect on the superlative 2022, I am excited and confident in the ability of our Western Canadian team to deliver exceptional results in 2023.
Introducing The Bronte, one of Oakville’s newest condominium projects. An 8-storey mid-rise with 129 condo suites, this new condo community is bringing modern living to Oakville’s historic Old Bronte Road with the help of Cameron Stephens. With a $48.08 million first mortgage construction loan with an LTV of 69%, we’ve given Brixen Developments, a proven partner, the boost they needed to bring The Bronte to life. Watch our latest DealTalk video to learn more.
Cameron Stephens recently funded a $146.15 million first mortgage construction loan for a brand new condominium project. This three-tower, mid-rise project will offer a total of 380 residential units in the heart of Oakville on Dundas Street East. With our strategic underwriting and strong equity partners, Cameron Stephens Mortgage Trust (CSMT) was able to provide a superior loan to cost value with substantially lower cash equity requirements than from traditional lending institutions.
Spire Landing, located in the South Fraser neighbourhood in Vancouver B.C., is one of Canada’s largest multi-unit residential passive house developments. When complete, this two-phase project will provide much needed rental housing options for local residents and do so in an environmentally responsible manner. Cameron Stephens provided a 12-month land loan for $12.76 million for the second phase of the project. With a conservative loan-to-value of 54%, this is another example of how we finance from the ground up!
EP. 47: TORONTO UNDER CONSTRUCTION PODCAST WITH ZEV MANDELBAUM FROM ALTREE DEVELOPMENTS
The Toronto Under Construction podcast is excited to welcome Zev Mandelbaum from Altree Developments to episode 47 to discuss his family’s history in real estate and the top issues facing Toronto’s real estate market including interest rates, rental replacement, politics and the “broken system”, the importance of investors to the Toronto new homes industry, and what to expect in the 2023 pre-construction market.