MCAP Blog

The demand for housing in Canada is high, and only expected to increase in the coming years. While the market presents exceptional opportunity for developers, it’s important that some caution be exercised when approaching construction projects – especially large developments. After all, things can shift quickly in the lives of buyers, and a change of heart or financial situation could leave builders with unexpected unsold units.

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.

Michael Misener has been with MCAP on and off for the past 25+ years, breaking once to take a position as Chief Investment Officer with one of MCAP’s partners, MCAN Mortgage Corporation and then again to lead a small bank as President and CEO. Having grown up in development finance and enriched his expertise with executive experiences, Michael is considered a true subject matter expert and leader in construction financing.

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.

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.