The move opens more options for non-bank small commercial financing in Alberta and British Columbia
Toronto-based Glasslake Funding, ULC has announced its strategic expansion into Alberta and British Columbia.
“This significant move amplifies Glasslake’s footprint across Canada and deepens its commitment to support non-bank seasoned investor and self-employed clients in Canadian emerging markets,” the company said.
Glasslake Funding, which was launched earlier this year by investment management firm Bayview Asset Management, said that the expansion opens more options for non-bank small commercial financing in Western Canada.
Going against the trends set by other lenders who are moribund under unnecessarily rigid policies and qualification criteria, Glasslake said that it offers a simplified approach to underwriting.
“Glasslake’s commitment is to return to the fundamentals in their approach, products, and service, placing human thought and consideration at the core of their operations,” it said. “This strategy ensures a smooth and straightforward deal completion experience for both brokers and clients, setting them ahead of their competition.”
Glasslake Funding, a new name in non-bank mortgage financing, aims to provide a smooth and transparent funding experience to their customers.https://t.co/PMQbMNIeyV#NonBankLending #Mortgage #MortgageInsights #MortgageIndsutry
— Canadian Mortgage Professional Magazine (@CMPmagazine) June 1, 2023
The company added that its expansion will particularly focus on secondary markets outside Greater Vancouver, which have been often overlooked by other non-bank lenders.
Glasslake said that it has arranged exclusive launch events for select brokers on July 19 in BC and on July 24 in Alberta.
“Additional events are in the pipeline to reinforce the company’s presence and cultivate valuable connections within the industry,” the company said.
Mike Forshee, president of Glasslake, said that the company is eager to build strong relationships with brokers, especially with those who are looking to expand their alternative lending offerings.
“Our expansion into Western Canada will undoubtedly benefit brokers and their credit-worthy clients, as we strive to provide diversified funding for their niche clients and help fill a much-needed gap in the market,” Forshee said.
