Key Takeaways
- • Cameron Stephens Mortgage Capital Ltd. appointed Henry Chung as Senior Vice President, Head of Insured Lending to lead the build-out of its national CMHC-insured lending platform, according to a Business Wire release.
- • The appointment follows Cameron Stephens' approval as a CMHC Approved Lender in September, and the firm is positioning itself to fund developers from land and bridge financing through construction and insured term debt.
- • Chung joins from First National Financial LP, where he spent more than 10 years arranging CMHC-insured multifamily financing, including construction financing under CMHC's MLI Select program.
- • Cameron Stephens manages $4 billion in assets under administration, and the firm is actively recruiting experienced originators to join the insured lending platform.
- • CMHC reported its multi-unit insurance products supported financing for 261,000 rental units in 2025, underscoring the growing role of insured financing in Canada's rental supply.
Summary
Toronto-based Cameron Stephens Mortgage Capital Ltd., a Canadian real estate investment firm founded in 2004, has appointed Henry Chung as Senior Vice President, Head of Insured Lending, according to a Business Wire release. Chung will lead the build-out and growth of the firm's national CMHC-insured lending platform, setting its strategy and leading relationships with CMHC, aggregators, investors and other capital partners. He will work alongside the firm's national origination team and is building a dedicated team of insured lending specialists.
The appointment follows Cameron Stephens' approval as a CMHC Approved Lender in September. The firm currently offers CMHC-insured financing for multi-unit residential rental, student housing and retirement projects across both construction and term loan structures. The company says its differentiator is the ability to fund a project across its lifecycle: land, bridge and mezzanine capital ahead of construction, conventional or CMHC-insured construction financing, and insured term financing afterward, all under one underwriting relationship. The firm argues this matters most for developers converting stalled condominium sites into purpose-built rental, where timing often determines whether a project proceeds.
Chung joins from First National Financial LP, where he spent more than 10 years arranging CMHC-insured multifamily financing for developers and investors. He brings nearly 20 years of experience across commercial banking, origination and real estate finance and is described by the firm as known for rigorous underwriting and a collaborative client approach. He will rejoin Gidu Park, Associate Director, Insured Lending, who has led the firm's CMHC underwriting initiatives and previously worked alongside Chung at First National, bringing nine years of CMHC lending and private equity experience.
Cited CMHC data show its multi-unit insurance products supported financing for 261,000 rental units in 2025, with CMHC-backed financing supporting most rental construction nationally. Steve Cameron, President and CEO of Cameron Stephens, said the firm aims to become a national force in insured lending, arguing that Canada's rental supply gap will not close without private lenders working alongside CMHC's insured programs. Cameron Stephens Equity Capital, the firm's sister equity arm, offers equity partnerships in developments across the country.
The appointment follows Cameron Stephens' approval as a CMHC Approved Lender in September. The firm currently offers CMHC-insured financing for multi-unit residential rental, student housing and retirement projects across both construction and term loan structures. The company says its differentiator is the ability to fund a project across its lifecycle: land, bridge and mezzanine capital ahead of construction, conventional or CMHC-insured construction financing, and insured term financing afterward, all under one underwriting relationship. The firm argues this matters most for developers converting stalled condominium sites into purpose-built rental, where timing often determines whether a project proceeds.
Chung joins from First National Financial LP, where he spent more than 10 years arranging CMHC-insured multifamily financing for developers and investors. He brings nearly 20 years of experience across commercial banking, origination and real estate finance and is described by the firm as known for rigorous underwriting and a collaborative client approach. He will rejoin Gidu Park, Associate Director, Insured Lending, who has led the firm's CMHC underwriting initiatives and previously worked alongside Chung at First National, bringing nine years of CMHC lending and private equity experience.
Cited CMHC data show its multi-unit insurance products supported financing for 261,000 rental units in 2025, with CMHC-backed financing supporting most rental construction nationally. Steve Cameron, President and CEO of Cameron Stephens, said the firm aims to become a national force in insured lending, arguing that Canada's rental supply gap will not close without private lenders working alongside CMHC's insured programs. Cameron Stephens Equity Capital, the firm's sister equity arm, offers equity partnerships in developments across the country.
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