Paul A. Muchnik

Paul Muchnik is a Toronto-based partner in the Real Estate Group at Dickinson Wright. He is a trusted adviser to banks, lenders, and real estate clients navigating some of Ontario’s most complex transactions. With deep experience in commercial mortgage lending, he guides clients through every stage of the deal—from structuring and origination through to enforcement and recovery—bringing a calm, practical approach that keeps even complicated matters moving forward.

Beyond lending, Paul’s practice spans a broad range of commercial real estate work, including acquisitions, dispositions, and leasing. Whether he’s drafting loan and security documents, advising on regulatory compliance, or structuring financing that involves a challenging property type, clients value his ability to cut through complexity, manage risk, and deliver results with confidence. He is a go-to choice for local counsel on Ontario-based matters.

Outside the office, Paul stays active on the tennis court, the golf course, and at the gym, often with a playlist close at hand—interests that reflect the same energy and balance he brings to his professional life.

Acting as counsel to major commercial mortgage lenders in the following:

• A $295 million mortgage loan on the security of a portfolio of apartment buildings in Ontario and British Columbia.
• A $220 million acquisition and construction loan for the acquisition and financing of the construction of an industrial building in Scarborough.
• A $210 million mortgage loan on the security of a portfolio of apartment buildings.
• A $200 million mortgage loan to a commercial landlord in connection with a Real Estate Investment Trust on the security of a major Ottawa landmark office building.
• A $190 million financing for the construction of a hotel.
• A $180 million financing for the acquisition of a portfolio of office buildings.
• A $160 million construction loan for the construction of an office building in Toronto.
• A $150 million financing of a high-rise condominium project.
• A $108 million leasehold mortgage loan on the security of airport properties.
• A $100 million mortgage loan on the security of an office building in downtown Toronto.
• A $87 million mortgage loan to a commercial builder and a large insurance provider on the security of a mixed use office and retail building located in downtown Toronto.
• A $87 million mortgage loan on the security of a portfolio of apartment buildings in Mississauga.
• A $85 million mortgage loan on the security of a high-rise student residence in downtown Toronto.
• A $82.5 million mortgage loan to an investment company on the security of a major Toronto Hotel.
• A $79 million financing of acquisition of a portfolio of industrial buildings.
• A $54 million construction loan for the construction of a stacked townhouse project in Richmond Hill.
• A $50 million financing of a portfolio of apartment buildings.
• A $48 million mortgage loan to a major Swedish corporation making its initial investment in Canadian real estate, on the security of two downtown apartment buildings.
• A $44 million mortgage loan for the acquisition of a portfolio of retail buildings.
• A $39 million mortgage loan to a commercial landlord for a multi-unit residential building on the security of another owned property.
• A $40 million mortgage loan on the security of a portfolio of apartment buildings in Ontario.
• A $34 million mortgage loan on the security of a portfolio of apartment buildings in Toronto.
• A $31 million mortgage loan to a commercial developer on the security of an office building located in Toronto.
• A $31 million mortgage financing for the construction of a large shopping centre.
• A $27 million mortgage loan on the security of a portfolio of retail buildings in Ottawa.
• A $25 million mortgage loan on the security of a portfolio of apartment buildings in Toronto.
• A $20.5 million mortgage loan to commercial REIT on the security of two retail centres located in central Ontario.
• A $20 million construction loan for the construction of a townhouse project in Brampton.
• A $18 million leasehold mortgage loan on the security of a medical office building in Ottawa.
• A $10 million mortgage loan for the acquisition of a portfolio of industrial buildings.
• Lease negotiations on behalf of a large retailer with respect to several different business chains across Canada.
• Lease negotiations on behalf of Canada’s premiere University.
• Lease negotiations on behalf of numerous Canadian franchisors within the food and beverage industry.