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Featured Financing: New Lamb Development Project

May 22, 2024

MCAP has a long history of partnership with Lamb Development Corp., with 15 construction deals between them. Lamb Developments was founded in 2001 by Toronto’s top condominium broker Brad J. Lamb, who wished to develop stylish, urban condominium projects in Canada’s city centres. Since then, Lamb has completed 19 developments, building approximately 3400 suites in properties across the country. Today, they have projects underway in Toronto, Hamilton, and Mississauga and are one of the busiest development companies in Canada.

New Lamb Development Project Poolside

Television City: Lamb Developments’ largest project

Television City is a $370M project in the heart of downtown Hamilton. Once complete, it will house roughly 642 units, occupying 473,000 sq ft. of GFA. The development will consist of two 32 storey high-rise towers . The development will feature hotel-like amenities such as an outdoor infinity pool, fitness centre and skyclub. With a co-op tech centre, children’s play centre, private dog walk and pet-washing station, the development is ideal for professionals and families alike.

MCAP’s $256,000,000 construction loan enabled Lamb Developments to build their largest construction project to date.

About the MCAP Development Finance Group

MCAP is Canada’s largest independent Mortgage Finance Company, and we have been trusted by Canadians for over 35 years. MCAP originates, trades, securitizes and services residential, construction and commercial assets, while providing market-leading funding solutions and superior value for borrowers and investors. MCAP’s Development Finance Group (DFG) offers customized financing for Canadian developers and has been a key player in over $15 billion in funded construction commitments over the last 10 years alone. Their depth of experience in the market enables the team to create solutions that meet the unique and varied needs of their clients.

The MCAP Development Finance Group also provides commercial outsourcing and construction loan servicing solutions for investors looking for a specialized team to manage the administration and monitoring of individual loans.

→ Learn more about the MCAP Development Finance Group

→ Learn more about Managing Construction Costs and Financing

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