Cameron Stephens Mortgage Capital

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Canada
Toronto, ON
Cameron Stephens Mortgage Capital

Leading non-bank lender in Canada in commercial mortgages and land, development, construction, mezz, & inventory loans.

Cameron Stephens Mortgage Capital is a leading non-bank institutional Real Estate Lender providing innovative financing solutions to our borrowers, and consistent risk-adjusted returns to investors. Founded in 2004, we have grown from a small private lender with $30 million under management, to an institutional lender with over $1 billion funded in land, development and construction loans. Currently, we manage over $400 million of institutional capital and $150 million in private capital. As a non-bank institutional lender, our mission is to underwrite and manage commercial mortgage investments that deliver fair, appropriate solutions to our borrowers, and first-class asset management to our investors. Our exceptional underwriting strategies are based on in-depth knowledge of real estate values, prudent lending practices, and regular monitoring of each loan’s performance. Each Cameron Stephens deal is subject to rigorous analysis that includes independent property inspections and appraisals, cost consultancy, environmental reports and a clearly-defined exit strategy.

10/22/2026

The Future Of Real Estate Finance:
Aaron Unger Speaking at Calgary Real Estate Forum This Thursday.

Our very own Aaron Unger, Senior Vice President, Western Canada, will be speaking at the Calgary Real Estate Forum this Thursday, October 22.

Aaron joins the debt and capital markets panel to discuss lending appetite, capital availability, emerging risks and where spreads are heading as we look toward 2027.

Join the conversation from 3:00–3:45 p.m. at the BMO Centre, Stampede Grounds.

Attending the forum? Connect with Aaron - we’d love to hear what you’re working on.

10/21/2026

DEAL OF THE WEEK #68

$7.41 Million Bridge Loan
Downtown Calgary, Alberta

ACCELERATED ADVANTAGE
Committed in 11 Days. Funded in 18.

Cameron Stephens Mortgage Capital Ltd. (CSMC)funded a $7.41 million first mortgage bridge loan on a 21-storey downtown Calgary office tower spanning approximately 279,000 square feet.

Structured for a six-month term through CSMC’s private capital platform, the deal moved from initial engagement to commitment in 11 days and full funding in
18 - without the added complexity of syndication.

HOW IT EVOLVED
Recent upgrades to the building’s lobby, elevators, fitness facility and IT infrastructure, combined with direct access to Calgary’s +15 skywalk network, position the asset for continued leasing potential.

WHY IT MATTERS
Speed. A signed commitment in just 11 days, with funding completed in 18.

Flexibility. Direct access to private capital without the added complexity of syndication.

Capacity. Loans up to $15 million across land, bridge, term and inventory financing, backed by $550 million in discretionary private capital under management.

THE TEAM BEHIND THE DEAL
Aaron Unger, SVP Origination
Jonathan Brennan, VP Origination

For more on CSMC’s Accelerated Lending program, contact Katie Bonar at [email protected].

www.cameronstephens.com

10/20/2026

Belonging Drives Performance.

Welcome from day one. Proud every day after.

Culture isn’t defined by office perks or policies. It’s defined by how people feel when they come to work each day.

In this year’s Great Place To Work® survey, 96% of employees said they felt welcomed when they joined Cameron Stephens. Another 94% said they can be themselves at work, while 94% said they feel proud of what we accomplish together.

Those numbers reflect something we’re incredibly proud of: a culture where people feel connected to one another, invested in the business, and motivated by the work they do.

As we continue to grow, preserving that sense of belonging remains a priority. The relationships people build here, the support they provide one another, and the shared pride in our success are important parts of what makes Cameron Stephens a special place to build a career.

Cameron Stephens is proud to be Great Place To Work® Certified™ for the second consecutive year, 2025 and 2026.

10/14/2026

$23.65 Million Land & Construction Loan.
Southwestern Ontario.

One Capital Partner. From Land Acquisition to Construction.

Cameron Stephens Mortgage Capital Ltd. (CSMC) structured a three-facility financing package for a multi-phase, low-rise residential development, supporting the borrower from land acquisition through vertical construction under one lending relationship.

HOW IT EVOLVED.
The financing began with acquisition funding providing leverage of up to 82% of the purchase price, positioned behind a large vendor take-back mortgage. As the project advanced, CSMC transitioned into a first mortgage position on the initial phase and introduced revolving construction financing tied to presold units and a model home.

WHY IT MATTERS.
Continuity. One capital partner from acquisition through construction, avoiding a refinancing gap between phases.

Flexibility. Financing that evolved with the project, including a free partial discharge of future development land and a transition from a second to a first mortgage position.

Capital efficiency. Presale-triggered advances reduced the borrower’s required cash equity to just 5% of project costs as milestones were achieved.

THE TEAM BEHIND THE DEAL.
Kevin Marthinsen, Senior Director, Mortgage Origination, Agent Level 2
Ajay Gunware, Senior Associate, Origination, Agent Level 1

Cameron Stephens Mortgage Capital Ltd. is licensed as a mortgage brokerage (Lic. #10769) and administrator (Lic. #11807) in Ontario.

10/14/2026

Strong Teams. Stronger Communities.

More than 30 Cameron Stephens colleagues came together for our annual Turkey Trot, bringing energy, friendly competition, and a shared commitment to giving back.

Through Cameron Stephens Cares, the team raised $3,260 in support of Bloor Central Church’s Thanksgiving Community Meal, helping provide a special holiday dinner for approximately 240 community members.

A great reflection of the culture we continue to build - one grounded in teamwork, connection, and community.
Thank you to everyone who took part, cheered on their colleagues, and helped make a difference.

10/13/2026

Building a Company People Believe In.

90% of our team says Cameron Stephens is a great place to work

At Cameron Stephens, we believe strong businesses are built by strong teams.
That’s why we’re especially proud of this year’s Great Place To Work® Trust Index results.

With 98% employee participation, 90% of our team said Cameron Stephens
is a great place to work-up from 75% last year.

A result like that doesn’t happen overnight. It reflects a deliberate effort to invest in our people, strengthen leadership across the organization, and create an environment where talented professionals can do meaningful work and build rewarding careers.

While we’re encouraged by the progress, we see this as another milestone rather than a finish line. The feedback our team provides continues to shape how we grow, improve, and support one another.

Thank you to every member of the Cameron Stephens team for your honesty,
your trust, and your contribution to our success.

Cameron Stephens is proud to be Great Place To Work® Certified™ for the second
consecutive year, 2025 and 2026.

10/06/2026

An Evening of Insight, Growth & Momentum.

On October 1, we welcomed 150 investors to the Shangri-La Hotel in Toronto
for an afternoon with the Cameron Stephens team.

Steve Cameron, our President and CEO, opened the night with the three principles that have guided us for more than two decades: client service, conservative underwriting and loyalty. He shared where the platform stands today, with $14.5B in commitments since inception. He also spoke to where we're headed next: building a fully integrated platform across debt, equity and fund management.

We also marked a milestone: Cameron Stephens is now a CMHC Approved Lender.

We were then honoured to welcome Benjamin Tal, Managing Director and Deputy Chief Economist at CIBC Capital Markets. As always, Benjamin was incredible, with sharp, candid commentary on the Canadian economy and where commercial real estate is headed.

Thank you to every investor and partner who joined us. Your confidence is what makes this platform possible, and we're excited for what comes next.

09/18/2026

The whole Cameron Stephens team was out on the court this morning, with the competitive spirit already showing. Eleven years in, and the only thing that's grown faster than our team is our will to win at volleyball.

09/17/2026

11 years running, and we're still just as excited for Fun Day as we were the first time. Tomorrow, the entire Cameron Stephens team trades desks for a day of competition, connection, and celebration. Swag is packed and ready to go. See you on the volleyball court, team.

09/10/2026

Cameron Stephens Mortgage Capital Ltd. ("CSMC") is proud to announce the funding of a $30 million fixed-rate, interest-only 1st mortgage bridge loan secured by two adjacent commercial assets totaling 90,000 SF in Cochrane, Alberta. This deal reinforces CSMC's growing presence in Western Canada, a core platform for the firm's growth.

THE OPPORTUNITY

The properties are fully occupied, carry a weighted average lease term of more than six years, and generate strong, stable in-place cash flow. The financing was structured to provide strategic capital at the portfolio level, allowing the Borrower to refinance existing debt, reduce leverage across other assets, and unlock equity for future growth initiatives. Backed by a fully occupied asset base, long-term tenancy, and durable cash flow, the transaction gave the Borrower both certainty and flexibility to advance their broader business objectives.

WHY THIS DEAL MATTERS

✔️ Growing Our Western Canada Platform. This transaction deepens CSMC's presence in Alberta, a priority market for the firm's growth strategy.

✔️ Backed by Strong Fundamentals. The assets are 100% occupied with a diversified tenant roster, including a long-term healthcare tenancy, supporting durable and predictable cash flow.

✔️ Flexible Capital for a Proven Operator. CSMC delivered a customized fixed-rate bridge solution tailored to an experienced owner with more than two decades of operating history and a substantial Alberta commercial real estate portfolio.

MEET THE TEAM BEHIND THE DEAL
Roman Rogatko, Vice President, Origination

www.cameronstephens.com

Address

320 Bay Street, Suite 1700
Toronto, ON
M5H4A6

Website

http://www.cameronstephens.com/

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