CMI expands its role in private lending, providing transitional solutions and investment opportunities
CMI Financial Group (CMI) has surpassed $1bn in mortgage assets under management, marking a significant milestone in the growth of private lending within Canada's financial landscape.
“We are incredibly proud to reach this $1bn milestone, which reflects our team's hard work and the trust our clients and partners place in us,” said Bryan Jaskolka, CEO of CMI Financial Group.
He emphasized the company's ongoing commitment to innovation and excellence in the private mortgage lending and investment sectors.
This accomplishment follows CMI's inclusion in the Report on Business 2023 ranking of Canada's Top Growing Companies for the fourth consecutive year, where it placed #113 out of 425 companies.
CMI reported a 415 percent revenue growth over three years and is currently under consideration for the 2024 ranking.
The company also received the 2024 Lender of the Year award from the Canadian Mortgage Brokers Association (CMBA) of Ontario. This recognition reflects CMI’s focus on ethical and transparent lending practices, further solidifying its position as a trusted partner in the mortgage industry.
Jaskolka highlighted the essential role of private lending in providing transitional solutions for borrowers who may not meet traditional lending criteria. He also noted that private lending offers investors an appealing option for reducing portfolio volatility while enhancing returns.
“As we continue to expand our portfolio and enhance our offerings, CMI remains dedicated to bridging gaps in the financial landscape, providing flexible and accessible borrowing options to mortgage brokers and their borrowers, as well as compelling opportunities for investors,” Jaskolka added.
