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Featured Financing: Westmount Boutique Residences

December 13, 2023

MCAP has a long-standing relationship with Quadcam Development Group, a Woodbridge, Ontario based developer committed to creating high quality condominium residences that are sensitive to the needs of the community. Their most recent development, the Westmount Boutique Residences, combines intelligent land acquisition, superior design, and creative thinking. Located in North York, the residences are currently selling to the public.

A Lasting Partnership Helps Shape a Community

The Westmount is Quadcam’s fourth construction project, which have all been financed by MCAP. Through a $77M construction loan, MCAP will assist Quadcam to develop this 10-storey, mid-rise residential condominium building, featuring 134 units, and 4500 square feet of commercial space. The Westmount continues Quadcam’s focus on affordability while enhancing the condominium marketplace – a focus that has helped make North York a fast-growing and liveable community. A vital and trusted partner, MCAP has played an integral role in bringing their developments and vision to life.

Buckingham Render

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 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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