Latest news with #CameronStephens
Business Wire
2 days ago
- Business
- Business Wire
Cameron Stephens Launches Accelerated Lending Program to Support Commercial Real Estate Loans Up To $15 Million
TORONTO--(BUSINESS WIRE)--Cameron Stephens Mortgage Capital Ltd. ('Cameron Stephens') is pleased to announce the launch of its new Accelerated Lending Program, designed to offer borrowers fast, flexible financing solutions for commercial real estate ('CRE') transactions up to $15 million. Built to meet the needs of today's market, the Accelerated Lending Program provides single advance inventory, term, bridge, and land loans, with a streamlined commitment process of under 15 days. The initiative targets borrowers who seek faster turnaround times and more flexible structuring outside of conventional lending channels. All transactions are funded directly through Cameron Stephens' internal mortgage funds—no need for multiple lenders or external syndication. This structure eliminates layers of approval, simplifies deal execution, and significantly reduces time to close. This new lending channel is powered by up to $500 million in discretionary capital from Cameron Stephens' mortgage funds, including Cameron Stephens Mortgage Trust (CSMT), Bay Street High Yield Fund (BSHY), and Western Canada High Yield Fund (WCHY), providing a direct and streamlined path from capital to borrower. 'We've built this program to move at the speed our borrowers need—no red tape, no delays, just smart capital deployed with precision,' said Steve Cameron, President and COO of Cameron Stephens. 'It's another way we're using our private capital platform to fill market gaps and support our clients through every stage of the real estate development cycle.' 'From a portfolio management perspective, this initiative enhances our ability to dynamically allocate capital across the Cameron Stephens funds,' added Katie Bonar, SVP, Investment Management. 'It allows us to seize short-duration lending opportunities that generate attractive risk-adjusted returns while maintaining the discipline and diversification our investors expect. It's smart capital, well-placed. Within the next six months we anticipate committing in excess of $100 million to this initiative.' With the Accelerated Lending platform, Cameron Stephens continues to expand its comprehensive suite of commercial real estate lending solutions—combining institutional underwriting with entrepreneurial agility and a simplified, accelerated path to funding. For more information or to submit a loan inquiry, please contact Katie Bonar, SVP Investment Management, Agent Level 2, at kbonar@ or call her at 416-899-9701. About Cameron Stephens Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Leveraging deep market expertise and strong industry partnerships, Cameron Stephens is recognized as a key player in Canada's real estate investment landscape, aiming to deliver sustainable growth and financial success. For more information, visit Cameron Stephens Mortgage Capital Ltd. is licensed as a mortgage brokerage (Lic #10769) and administrator (Lic # 11807) in Ontario.
National Post
2 days ago
- Business
- National Post
Cameron Stephens Launches Accelerated Lending Program to Support Commercial Real Estate Loans Up To $15 Million
Article content Article content TORONTO — Cameron Stephens Mortgage Capital Ltd. ('Cameron Stephens') is pleased to announce the launch of its new Accelerated Lending Program, designed to offer borrowers fast, flexible financing solutions for commercial real estate ('CRE') transactions up to $15 million. Article content Built to meet the needs of today's market, the Accelerated Lending Program provides single advance inventory, term, bridge, and land loans, with a streamlined commitment process of under 15 days. The initiative targets borrowers who seek faster turnaround times and more flexible structuring outside of conventional lending channels. Article content All transactions are funded directly through Cameron Stephens' internal mortgage funds—no need for multiple lenders or external syndication. This structure eliminates layers of approval, simplifies deal execution, and significantly reduces time to close. Article content This new lending channel is powered by up to $500 million in discretionary capital from Cameron Stephens' mortgage funds, including Cameron Stephens Mortgage Trust (CSMT), Bay Street High Yield Fund (BSHY), and Western Canada High Yield Fund (WCHY), providing a direct and streamlined path from capital to borrower. Article content 'We've built this program to move at the speed our borrowers need—no red tape, no delays, just smart capital deployed with precision,' said Steve Cameron, President and COO of Cameron Stephens. 'It's another way we're using our private capital platform to fill market gaps and support our clients through every stage of the real estate development cycle.' Article content 'From a portfolio management perspective, this initiative enhances our ability to dynamically allocate capital across the Cameron Stephens funds,' added Katie Bonar, SVP, Investment Management. 'It allows us to seize short-duration lending opportunities that generate attractive risk-adjusted returns while maintaining the discipline and diversification our investors expect. It's smart capital, well-placed. Within the next six months we anticipate committing in excess of $100 million to this initiative.' Article content With the Accelerated Lending platform, Cameron Stephens continues to expand its comprehensive suite of commercial real estate lending solutions—combining institutional underwriting with entrepreneurial agility and a simplified, accelerated path to funding. Article content For more information or to submit a loan inquiry, please contact Katie Bonar, SVP Investment Management, Agent Level 2, at kbonar@ or call her at 416-899-9701. Article content About Cameron Stephens Article content Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content Pete Housley Article content Article content Article content
National Post
12-06-2025
- Business
- National Post
Cameron Stephens Expands Western Canada Team with Appointment of Gabe Chung as Vice President, Origination
Article content VANCOUVER, British Columbia — Cameron Stephens Mortgage Capital Ltd.* ('CSMC') is pleased to announce the appointment of Gabe Chung as Vice President, Origination – Western Canada. Based in the firm's Vancouver office, Gabe will be responsible for originating commercial real estate loans across various asset classes and strengthening CSMC's client relationships and brand presence throughout the region. Article content Gabe joins CSMC with more than 20 + years of experience in commercial real estate lending. Most recently, he served as Managing Director at National Bank of Canada, where he led the launch of the bank's Real Estate centre in Vancouver and originated several billion dollars in debt lending. He also played a pivotal role in mentoring and developing real estate talent nationwide. Prior to that, he spent 13 years with Royal Bank of Canada in progressively senior roles within real estate and commercial banking. Article content 'At Cameron Stephens, we're building a team of the best and brightest — individuals who not only bring deep experience, but also the professionalism, integrity, and relationships that define trusted leadership in our industry,' said Riccky Dasgupta, Senior Vice President & Managing Director, Mortgage Unit. 'Gabe is widely respected in the Western Canada market. He understands our business, knows what clients need, and embodies our culture of disciplined growth and professional excellence.' This announcement follows the recent launch of the Western Canada High Yield Mortgage Fund, a $70 million infusion of strategic capital into the region, backed by Western Canadian real estate family offices and Cameron Stephens' flagship Bay Street High Yield Fund. The fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia. Article content Gabe's appointment further strengthens Cameron Stephens' expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years. Article content Gabe holds an MBA from Simon Fraser University's Beedie School of Business and a Bachelor of General Studies from the same institution. He has been recognized numerous times throughout his career for his outstanding contributions and performance. Gabe is currently licensed as a Submortgage Broker in British Columbia. Article content About Cameron Stephens Article content Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Article content Article content Article content Article content
Business Wire
12-06-2025
- Business
- Business Wire
Cameron Stephens Expands Western Canada Team with Appointment of Gabe Chung as Vice President, Origination
VANCOUVER, British Columbia--(BUSINESS WIRE)--Cameron Stephens Mortgage Capital Ltd.* ('CSMC') is pleased to announce the appointment of Gabe Chung as Vice President, Origination – Western Canada. Based in the firm's Vancouver office, Gabe will be responsible for originating commercial real estate loans across various asset classes and strengthening CSMC's client relationships and brand presence throughout the region. Gabe joins CSMC with more than 20 + years of experience in commercial real estate lending. Most recently, he served as Managing Director at National Bank of Canada, where he led the launch of the bank's Real Estate centre in Vancouver and originated several billion dollars in debt lending. He also played a pivotal role in mentoring and developing real estate talent nationwide. Prior to that, he spent 13 years with Royal Bank of Canada in progressively senior roles within real estate and commercial banking. 'At Cameron Stephens, we're building a team of the best and brightest — individuals who not only bring deep experience, but also the professionalism, integrity, and relationships that define trusted leadership in our industry,' said Riccky Dasgupta, Senior Vice President & Managing Director, Mortgage Unit. 'Gabe is widely respected in the Western Canada market. He understands our business, knows what clients need, and embodies our culture of disciplined growth and professional excellence.' This announcement follows the recent launch of the Western Canada High Yield Mortgage Fund, a $70 million infusion of strategic capital into the region, backed by Western Canadian real estate family offices and Cameron Stephens' flagship Bay Street High Yield Fund. The fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia. Gabe's appointment further strengthens Cameron Stephens' expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years. Gabe holds an MBA from Simon Fraser University's Beedie School of Business and a Bachelor of General Studies from the same institution. He has been recognized numerous times throughout his career for his outstanding contributions and performance. Gabe is currently licensed as a Submortgage Broker in British Columbia. About Cameron Stephens Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Leveraging deep market expertise and strong industry partnerships, Cameron Stephens is recognized as a key player in Canada's real estate investment landscape, delivering sustainable growth and financial success. For more information, visit *Ontario Mortgage Brokerage License #10769 and Administrator License #11807.
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Builders taking on more debt as some in residential sector struggle
New Bank of Canada data show that Canada's chartered banks doubled the debt they have extended to real estate developers and builders in the last year, raising outstanding loan commitments to an unprecedented $85-billion. The data reflect the financial standing from the first quarter of 2025, and the largest growth area of new lending comes from a subcategory called 'interim construction lending' that rose to $32.9-billion, up 383 per cent from $6.8-billion in the same quarter in 2024. Interim lending spiked to $25-billion in the second quarter of 2024 and has been above $30-billion for three quarters now. The latest number is the highest ever recorded by the Bank of Canada (which began tracking interim lending in 1994), and is more than double the previous record of $16.2-billion in the second quarter of 2022. Industry experts say there are several factors contributing to this new leverage. Among them are a large number of residential real estate developers that have overextended themselves and taken interim loans – which are often more expensive than longer-term financing – as they attempt to resolve stalled projects. 'What everyone was doing was trying to recapitalize all their debt to a number where they could at least hold on,' said Steve Cameron, president and chief operating officer with Cameron Stephens Mortgage Capital Ltd., which specializes in 'mezzanine' or interim real estate lending, with $4-billion under management. 'It was this chaotic run to the noninstitutional lender for as much leverage as they can hold on, as tight as they can, while this market corrects.' Mr. Cameron describes his fund and the banks as risk-averse. He said many lenders were caught off guard by the erosion of value in the condominium space, which has changed the underwriting math in many cases. 'They are very conservative, and on a lot of deals [the banks] were at 50-60 per cent loan-to-value (LTV). Now, they are waking up and saying 'Wow, these are actually more like 90-95 per cent LTV,'' he said. The sheer scale of the lending could pose a risk, according to Fred Cassano, national real estate leader and partner at PwC Canada. 'The banks and other lenders have a much larger exposure to the real estate development market – more so than in previous years. If more projects run into trouble, bankers could face higher default rates and potential losses,' he said. 'I think it is concerning; we're starting to see a few more distressed situations. I wouldn't be surprised if we're going to start seeing more.' Condos in Toronto region headed for a crunch as fewer start construction Despite this growth in debt Shalabh Garg, real estate and banking analyst with Veritas Investment Research, doesn't believe Canada's largest banks face systemic risk, not least because of the size of their overall loan books. 'The exposure at all the big banks is less than 1 per cent, except for National Bank – that's 4 per cent,' said Mr. Garg. He said disclosures from the big six banks show they hold about $30-billion of those development loans (Royal Bank of Canada has the largest dollar volume at about $13.9-billion). 'In my view, it's very manageable. If they write down that total book it will have some impact, but it's not going to lead to a decline in earnings per share,' he said. Some new debt may also be aimed at assets that have growth potential, not just propping up stalled projects. 'Interim isn't just capturing residential. You can also fit interim lending into trying to improve your shopping centre,' said Christopher Wein, chief operating officer for Equiton Developments Inc. He said there's been just as much growth in retail and industrial commercial real estate borrowing as in residential in recent quarters. 'Coming off the downward pressure on retail from COVID, a lot was either de-tenanted or left not in the best state. Large retail is saying, 'Let's do some construction around our retail and bring it back up to Class A.' I think there's a lot of creativity happening right now – especially in retail. People thought it was a dying asset class, [but] people innovate during down times. And banks are forward-looking: If they are increasing their lending and increasing their exposure, they see tailwinds are coming. Otherwise, it doesn't make sense.' A sign of slowing new home construction: builders buying less land According to Mr. Cameron, there are essentially two camps in residential development: those buying time with interim lending because they think the current market is a blip that could resolve in a year or two, and those who think it's a longer, more structural problem. 'Unfortunately, as far as I'm concerned, this is not a blip: this is a complete reset. It might be five years, it might be 10 years, but the condo market will probably not come back the way it was,' he said. The hardest group to convince may be land developers, which Mr. Cameron describes as an almost genetically optimistic group. 'A lot of our clients, they are coming to the realization slowly that things have changed. It's a tough conversation to convince them that their $10-million investment is worth zero.' Short of some difficult conversations with overextended residential developers, and possibly writedowns on non-performing loans, others believe there's still a way for the market to pull up, but likely only with political intervention. 'The government really needs to step in to get construction going again. Once construction starts, then you can refinance and pay off the interim lending,' said Mr. Cassano. 'Right now, no one's doing anything, and that's the worst thing that's happening. No one is breaking ground because the numbers don't work.'
