Written by: Trish Tervit
CMI Financial Group, a prominent private mortgage lender in Canada, has recently announced that it has surpassed $1 billion in mortgage assets under management. This achievement reflects the rising popularity of private lending within the Canadian financial services industry and highlights the company’s steady growth in the sector.
In a statement, Bryan Jaskolka, CEO of CMI Financial Group, expressed pride in the company’s accomplishment. “Reaching this $1 billion milestone is a testament to our team’s dedication and the trust placed in us by our clients and partners. Our continued expansion is driven by our commitment to innovation and excellence within the private mortgage lending and investment space,” Jaskolka said.
The milestone comes as the company garners attention for its business performance. CMI was recently included in the 2023 Report on Business rankings of Canada’s Top Growing Companies for the fourth year in a row, ranking 113th out of 425 companies, with a three-year revenue growth rate of 415%. The firm is also under consideration for the 2024 ranking.
Additionally, CMI was recognized by the Canadian Mortgage Brokers Association (CMBA) of Ontario as the 2024 Lender of the Year for its adherence to ethical lending practices and its continued role as a trusted partner in the industry.
Jaskolka highlighted the importance of private lending in the current financial landscape, stating that it provides transitional solutions for borrowers who do not meet traditional lending criteria, while offering investors an alternative to reduce portfolio volatility. “As we grow and diversify our portfolio, CMI remains committed to bridging gaps in the financial sector by offering flexible borrowing solutions and attractive opportunities for investors,” he added.
About CMI Financial Group
Founded in 2005 as a family-owned mortgage brokerage, CMI Financial Group has since evolved into a leading player in Canada’s non-bank financial services market. The firm comprises four interconnected companies: CMI Canadian Mortgages Inc., CMI Mortgage Investments, CMI MIC Funds, and CMI Mortgage Servicing, all working together to provide end-to-end mortgage services for brokers and investors.
With nearly $3 billion in funded mortgages, CMI has become one of Canada’s largest private mortgage investment providers, managing over $1 billion in assets by 2024. The company has also been recognized multiple times for its rapid growth, having been featured on the Canadian Business Growth List and the Report on Business rankings for several consecutive years.
Contact Information:
Trish Tervit
Email: trish@tervit.ca
Phone: +1 (416) 627-5375
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