Cameron Stephens Names Henry Chung to Lead National CMHC-Insured Lending Expansion

First National veteran joins to build a platform integrating conventional and insured financing for Canadian real estate developers.

TORONTO--(BUSINESS WIRE)--Cameron Stephens Mortgage Capital Ltd. ("Cameron Stephens"), a leading Canadian real estate investment firm, today announced the appointment of Henry Chung as Senior Vice President, Head of Insured Lending. In this role, Henry will lead the build-out and growth of the firm's national CMHC-insured lending platform.

The appointment follows Cameron Stephens' approval as a CMHC Approved Lender in September, and it sharpens what sets the platform apart. Many lenders offer insured construction and term financing. Cameron Stephens can also fund what comes before it: land, bridge and mezzanine capital. A developer can work with one lender from acquisition through construction, on a conventional or CMHC-insured basis, and into insured term financing, with one underwriting relationship and no handoff. We believe this is important and significant because, for developers converting stalled condominium sites to purpose-built rental, timing often decides whether a project proceeds.

Henry joins Cameron Stephens from First National Financial LP, where he spent more than 10 years arranging CMHC-insured multifamily financing for developers and investors, including construction financing under CMHC's MLI Select program. He brings nearly 20 years of experience across commercial banking, origination and real estate finance. He is known for rigorous underwriting and a pragmatic, collaborative approach to client relationships.

At Cameron Stephens, Henry reunites with Gidu Park, Associate Director, Insured Lending, who has been spearheading the firm's CMHC underwriting initiatives. Gidu brings 9 years of CMHC lending and private equity experience and worked alongside Henry at First National, giving the platform an established leadership team from day one.

"Developers need financing partners who understand the entire lifecycle of a project, not just one stage of it. What attracted me to Cameron Stephens is the opportunity to build a lending platform that brings conventional and CMHC-insured solutions together under one roof, giving clients greater flexibility, continuity and certainty of execution."

Henry Chung, Senior Vice President, Head of Insured Lending, Cameron Stephens

The platform is scaling as insured financing becomes central to Canada's rental supply. According to CMHC, its multi-unit insurance products supported financing for 261,000 rental units in 2025, and CMHC-backed financing supported most of the rental construction across the country.

Under Henry's leadership, Cameron Stephens offers CMHC-insured financing for multi-unit residential rental, student housing and retirement projects, across both construction and term loan structures. Henry will set the platform's strategy, lead the firm's relationships with CMHC, aggregators, investors and other capital partners, and work alongside Cameron Stephens' national origination team to bring insured solutions to clients nationally. He is also building a dedicated team of insured lending specialists, and Cameron Stephens is actively recruiting experienced originators to join the platform.

"Canada's rental supply gap will not close without private lenders working alongside CMHC's insured programs, and the lenders who can finance a project at every stage will win the best developers and the best projects. That is the business we are building. Henry has spent more than a decade doing this at one of the most established insured lenders in the country, and he gives us the leadership to make Cameron Stephens a national force in insured lending."

Steve Cameron, President and CEO, Cameron Stephens

About Cameron Stephens

Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with $4 billion in assets under administration. The firm offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent, risk-adjusted returns. Cameron Stephens Mortgage Capital provides innovative mortgage solutions for developers across Canada, while Cameron Stephens Equity Capital offers equity partnership opportunities for high-quality, strategically positioned developments across the country. For more information, visit www.cameronstephens.com.