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August 15, 2025

Sencap Closes Muslim Welfare Canada LTC Project Financing

Sencap Closes Muslim Welfare Canada’s $77.3M Project Financing for Its Courtice Long-Term Care Home Development

Toronto, Ont. – Sencap Partners Inc. (Sencap) is pleased to have acted as exclusive financial advisor and debt arranger for the $77.3-million senior-secured private placement project financing of Muslim Welfare Canada’s (MWC) long-term care (LTC) home. This project, supported by the Ontario Ministry of Long-Term Care, consists of the development and construction of a 192-bed LTC home in Courtice, Ont.

MWC’s project will help reduce the wait times for seniors in the Durham region, an area which is seeing a significant need of additional long-term care beds. The project further addresses the need for culturally sensitive LTC facilities for Canadian communities. Sencap is honoured to have supported the financing of the first Canadian long-term care home catering to the Muslim community.

About Muslim Welfare Canada

MWC is a national charity with a 30-year history of supporting vulnerable families across Canada and worldwide, regardless of religion, nationality or ethnicity. MWC’s operations, which include women’s shelters and food banks, focus on food, wellness, housing, relief and children’s support.

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About Sencap Partners, Inc. With offices in Toronto, Oakville and Vancouver, Sencap is a privately owned and independent financial services provider, offering customized debt financing solutions to the Canadian infrastructure and seniors housing sectors. Sencap acts as an advisor, arranger and administrative agent — providing its clients with end-to-end project financing solutions for development and construction, acquisitions, redevelopments and refinancings. With over 40 years of banking and capital markets experience, Sencap’s principals have structured and arranged over $20 billion in complex project financings, advised on over 50 public-private partnership (P3) infrastructure projects, and financed over 6,000 long-term care beds across Canada.

To learn more about Sencap Partners Inc., connect with us on LinkedIn and X.

Visit our website: www.sencappartners.ca

© Sencap Partners Inc., an affiliated entity of Sigma Capital Partners Inc.

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Toronto, Ontario M5J 1R7
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