Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateMortgagesAlternative lender CMI Financial secures mortgage financing from U.K. asset managerThe funding will accelerate CMI’s origination capacity in the Canadian residential mortgage marketLast updated 3 days ago You can save this article by registering for free here. Or sign-in if you have an account.CMI Financial Group currently provides residential mortgages to borrowers who don’t qualify for traditional Schedule A bank underwriting. Photo by James MacDonald/Bloomberg filesAlternative mortgage lender CMI Financial Group announced Monday it has secured a senior financing facility with Royal London Asset Management, one of the United Kingdom’s largest asset managers.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Canadian non-bank lender and financial services platform said the credit facility funding of $100 million will help grow its lending capacity for residential mortgages.“Despite ongoing concerns about Canada’s housing market, this financing from one of the U.K.’s largest asset managers signals that investors have a positive long-term outlook for the Canadian residential lending sector and real estate environment,” CMI said in a release.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe funding will accelerate CMI’s origination capacity in the Canadian residential mortgage market, it said, “underscoring the growing demand for high-quality private credit assets.” The lender has funded $4 billion in mortgages since its inception 20 years ago.CMI currently provides residential mortgages to borrowers who don’t qualify for traditional Schedule A bank underwriting, while also offering asset-backed mortgage products for investors.“Securing financing from an institution of RLAM’s calibre reflects the strength of our platform and the quality of the team behind it,” said CMI chief executive Bryan Jaskolka. “This facility will enable us to continue growing our business and providing best-in-class lending and investing solutions to Canadians.”CMI said Royal London Asset Management’s deployment of capital into the Canadian mortgage market shows that investors have a positive long-term outlook on residential real estate in Canada and its lending sector. It also underscores the growing role of private credit in the country’s mortgage market, it said.CMI also noted that Canadians are historically reliable borrowers, with national mortgage arrears at 0.27 per cent as of January — one of the lowest rates among advanced economies. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.