MCAP Blog

Sean Lippitt recently joined MCAP’s Development Finance Group as Senior Director. Since 2003, Sean has held many roles in the banking industry in a variety of business lines. Over the past 19 years, he has specifically been focused on real estate finance.

Eleni recently joined the Development Finance Group (DFG) as an Analyst after graduating from the University of Calgary with her Bachelor of Commerce with an interest in Real Estate. The recipient of the JLL Women in Real Estate Award 2024 – 2025, she joins the MCAP DFG team ready to learn and contribute fresh insights.

Michael Roulston has been part of the MCAP team for three decades. Starting out in Toronto before making the move to Calgary, he has spent much of his time on new loan origination, especially on real estate development loans with most of his experience being heavily transaction-oriented.

For those in construction development, whether a small-scale build or a large-scale project, it is important to understand the significance of construction liens and the role of holdbacks. Ensuring everyone involved in a project is paid promptly is an integral part of a successful project which is why it’s important to know how these two aspects come into play.

Whether your project is big or small, one thing that can help give you confidence as you take on a new construction project is creating a budget. With a budget, you’re able to plan for your expenses, forecast when funds will be needed throughout the timeline of your project, and you’re less likely to overspend. A detailed budget also demonstrates to potential lenders that your project is well thought out, giving them a sense of assurance to provide the financing you need to complete your project.