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.
- • 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.
- • The platform follows Cameron Stephens' approval as a CMHC Approved Lender in September and lets developers finance land, bridge, mezzanine, conventional and CMHC-insured construction and term debt with a single lender.
- • Cameron Stephens, which manages $4 billion in assets under administration, is actively recruiting experienced originators for the platform.
Summary
Toronto-based Cameron Stephens Mortgage Capital Ltd. has named Henry Chung 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, which offers insured financing for multi-unit residential rental, student housing and retirement projects across both construction and term loan structures.
The appointment follows Cameron Stephens' approval as a CMHC Approved Lender in September. The firm says its differentiator is the ability to fund a project across its full lifecycle. Beyond insured construction and term financing, Cameron Stephens can provide land, bridge and mezzanine capital, allowing a developer to proceed from acquisition through construction and into insured term financing 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, including construction financing under CMHC's MLI Select program. He brings nearly 20 years of experience across commercial banking, origination and real estate finance. At Cameron Stephens he will set platform strategy, lead relationships with CMHC, aggregators, investors and other capital partners, and work with the national origination team. He is also building a dedicated team of insured lending specialists. Gidu Park, Associate Director, Insured Lending, who has led the firm's CMHC underwriting initiatives and previously worked with Chung at First National, will continue in the platform.
The release cites CMHC data showing 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, said the firm aims to become a national force in insured lending. Founded in 2004, Cameron Stephens manages $4 billion in assets under administration for institutional and private investors, and its Cameron Stephens Equity Capital unit offers equity partnerships on developments across the country.
The appointment follows Cameron Stephens' approval as a CMHC Approved Lender in September. The firm says its differentiator is the ability to fund a project across its full lifecycle. Beyond insured construction and term financing, Cameron Stephens can provide land, bridge and mezzanine capital, allowing a developer to proceed from acquisition through construction and into insured term financing 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, including construction financing under CMHC's MLI Select program. He brings nearly 20 years of experience across commercial banking, origination and real estate finance. At Cameron Stephens he will set platform strategy, lead relationships with CMHC, aggregators, investors and other capital partners, and work with the national origination team. He is also building a dedicated team of insured lending specialists. Gidu Park, Associate Director, Insured Lending, who has led the firm's CMHC underwriting initiatives and previously worked with Chung at First National, will continue in the platform.
The release cites CMHC data showing 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, said the firm aims to become a national force in insured lending. Founded in 2004, Cameron Stephens manages $4 billion in assets under administration for institutional and private investors, and its Cameron Stephens Equity Capital unit offers equity partnerships on developments across the country.
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