Financing Options

MCAP originates, structures and funds mortgages for investment, commercial and industrial properties across Canada, with access to a large and diversified capital base. Operating from offices in major Canadian markets, we not only have long standing relationships with a wide variety of institutional whole loan investors and in-house managed investors, we have established various alternative funding entities through loan warehousing facilities and through the public capital markets. Through these funding options, MCAP originates more than $5 billion annually in new commercial loan production.

MCAP's focus is on property types and loan sizes where we have an advantage through our expertise, funding sources and a proven track record of successfully completing transactions on a timely basis. While we are not limited to these categories, we are focussed on commercial term mortgages from $5 million to over $100 million across Canada which require an innovative and/or customized approach to structuring, large commercial and residential construction loans over $50 million in major Canadian and US urban markets, non-standard (sub-prime) commercial mortgages from $2.5 million - $25.0 million across Canada and standard residential construction loans in the $10 million - $50 million range in Canada's major urban markets. MCAP is commited to being a market leader in each of these categories.

CMHC Insured Mortgages

MCAP works very closely with CMHC to arrange for insured mortgages on a variety of housing types, including apartments, condominiums, townhouses, senior's long term care and assisted living facilities. We have an excellent working knowledge of CMHC's products and policies on new and existing multi-unit projects. Our standing as a CMHC approved lender and servicer facilitates an easy and timely funding process for our clients.

Conventional Mortgages

Whether it is an office building, retail centre, industrial/warehouse property, multi-unit residential development, seniors residence or a hotel, MCAP can arrange financing for land or property acquisition, construction or re-finance. Let us customize a financing solution specifically for you!

Mezzanine Financing

MCAP has access to secondary funding on construction projects to bridge the gap between conventional financing and standard equity requirements which can usually increase "loan to cost" financing up to 90% or beyond. This type of financing is generally more expensive than conventional loans and is available on certain specific property types.

Retail

MCAP has arranged financing in every part of Canada for big box outlets, shopping centres and strip plazas. Financing is available for both construction and take-out mortgages. Interim construction loans are funded on a cost-to-complete basis in the area of 85% and take-outs are usually done at 75% of the completed value. Loan sizes for various markets in Canada will depend on the particular property and its existing lease profile as well as on local economics. We have arranged financing on retail properties in major urban centres, suburban areas and townships across the country. We know all of these markets - let us put our expertise to work for you.

Senior

MCAP has developed an expertise in financing senior's multi-unit residential facilities, including life leases, congregate care facilities and assisted living facilities. Both CMHC insured and conventional loans are available. Loan sizes will depend on characteristics of specific properties and their existing management and care giving agreements as well as on local ecomomics and demographics.

Condominium

MCAP has a long and successful track record in arranging financing for some of Canada's leading developers and builders of condominium residences. CMHC and conventional financing is available for acquisition, construction, end take-outs and re-finances. Each project is assessed independently based on local economics, occupancy levels for existing developments and on pre-sale levels for proposed developments.

Office

Ranging from high rise Class "A" space in the financial core of a major urban centre to low rise Class "B" and "C" space in suburban or secondary markets, MCAP can arrange financing for virtually any kind of office development.

Industrial

MCAP can provide financing for multi-tenanted industrial sites, single user industrial/office space, owner occupied and for build-to-suit construction purposes. Financing is available for construction, acquisition or re-finance in most markets across the country. Loan amounts are generally up to 75% of value.

Hotel

MCAP has provided financing for a broad range of hotel properties in major Canadian markets, resort areas and other selected locations. We have arranged financing for new construction, take-outs, purchases and refinances.