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Gain new insights, perspectives, and knowledge through our collection of articles.

Choosing Between Conventional or CMHC Construction Financing

Publish Date : 2024-01-08

If you’re a developer looking to start a new project, securing your construction financing is an essential early step. Your construction loan is designed to cover the cost of your build from start to finish, providing funding to purchase materials and pay workers as your project progresses.

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Featured Financing: Westmount Boutique Residences

Publish Date : 2023-12-13

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.

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Featured Financing: Phoenix Heights

Publish Date : 2023-09-06

MCAP is a long-standing lending partner of Phoenix Homes, one of British Columbia’s active home builders in the Fraser Valley. Established in 1999, Phoenix Homes has built a reputation for quality construction and design. Over the last 25 years, they have completed 23 projects for over 700 units across B.C. and are committed to continue developing communities in growing and vibrant neighbourhoods across the province. In recent years, they have been building a mix of townhomes, condos, and rental projects. MCAP has financed three projects for Phoenix Homes, dating back to 2011.

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Planning an Exit Strategy for a Construction Loan

Publish Date : 2023-08-09

A construction loan is an ideal financing solution if you’re building a home or other real estate project, as it helps you cover the costs (after equity) of building from start to finish – including the cost of the land, labour, building materials and permits. Because it’s a short-term loan, and considered a higher risk compared to a traditional mortgage, your lender will need to know your plan for repaying it. In fact, before you’re approved for funding, you’ll need to have a viable exit strategy in place.

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Choosing the Right Loan for Your Development Project

Publish Date : 2023-06-05

A major aspect of any development project is selecting the right type of funding for your project needs. With the proper funding from the right lender, getting your development plans in motion can be a smooth process. Here’s a breakdown of three common development financing loans and how to choose the right one for your project.

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