MCAP Blog

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.

Buildings are a significant source of energy consumption and greenhouse gas (GHG) emissions in Canada. In fact, Canada's homes and buildings account for 13% of national GHG emissions. Introducing more energy efficiency when developing new or retrofitting buildings can help address climate change in a meaningful way – plus increased energy efficiency can provide other advantages for builders, owners and tenants.

Leo St-Germain has been with MCAP since the inception of the Commercial Mortgages Group – today, he is the Vice President of Origination, leading a large team of originators .

If you’re looking to add value to your building – and need capital to make that happen – you have a few financing options you can consider. Whether you’re making repairs, renovations or energy efficiency upgrades, you can increase the value of your property and the return on your investment by leveraging your commercial property mortgage.

If the term on your commercial mortgage is expiring within the next year, now might be a good time to start thinking about renewal. While you may have been through the renewal process several times before, today’s fluctuating interest rate environment may have some impact on your timing, approach and next steps this time around. Getting ready for your renewal and discussing available options with your lender now can help you choose the best mortgage option for your financing, cashflow and future project needs.