Non-bank mortgage lender Cameron Stephens has announced the launch of a $100-million private placement offering, in response to growing demand for private capital in the commercial mortgage space.
Cameron Stephens, which operates in Ontario, Alberta, and British Columbia, said that the offering will be available on DealSquare, an online private placement platform for dealers, investment advisors, investors, and capital raisers.
The Cameron Stephens High Yield Mortgage Trust (CSMT) will have a particular focus on the residential land, development, and construction sectors.
“Our goal is to raise $100 million in CSMT initially, and increase the fund to $300-$500 million over the next several years to keep pace with Cameron Stephens’ strong origination growth,” said Scott Cameron, chairman and CEO of Cameron Stephens. “Listing on DealSquare, powered by NEO, will allow CSMT to access the retail advisor network, which is critical to the fund’s growth trajectory.”
At present, Cameron Stephens has $1.6 billion in assets under management, with $1.1 billion in institutional capital and $500 million in private capital.
“We are proud to have Cameron Stephens as a leading private commercial mortgage lender on our platform,” said Peter-Paul Van Hoeken, managing director at DealSquare. “Mortgage-backed investments offer attractive cash flow, generating returns to investors.”