TORONTO, Jan. 15, 2014 /CNW/ - CMLS Financial, one of Canada's largest,
independently owned mortgage services companies, is celebrating its
40th anniversary as of January 2014.
Founded in 1974, the firm is a Canadian success story, having grown from
a handful of employees with a focus on commercial mortgages to become a
major force in the Canadian mortgage market. The privately held
Canadian company offers a wide range of commercial lending services,
institutional services and residential mortgages, have been a CMHC
approved lender since 1992, and an NHA MBS issuer since 2008. They
recently received Fitch Commercial Servicer Ratings; this adds to their
long-standing DBRS rating.
"We would like to thank all of our borrower clients, funding partners,
and institutional clients for their ongoing trust and support," says
David Franklin, President of CMLS Financial. "Their commitment to our
company has helped us achieve consistent growth every year and secure
our position as an industry leader."
2013 was a milestone year for the company. At the close of the year,
their assets under administration approached $10 billion, they had
originated an estimated $2.9 billion in commercial volume, and held
approximately 9% of the Canadian market1 .
They broke new ground with the launch of a Residential Mortgage Division
in February 2013. Focused on the prime lending sector, CMLS Financial
is on pace to lend over $1 billion in its first year. Their available
products include Conventional (<80%) and High Ratio insured or
insurable mortgages with fixed and adjustable terms from 1 year to 10
years. CMLS Financial was ranked among the Top Five residential lenders
in Canada in the 2013 CMP Magazine Brokers on Lenders Survey.
CMLS Financial has also been a driving force in the re-emergence of CMBS lending and
have originated a total issuance of $1.2 billion on the CMBS platform
since 2012. In October, CMLS Financial arranged a $400 million CMBS
transaction involving five Westin Chain Hotels in major Canadian
markets. In December, they arranged a $394 million CMBS transaction
with the second issue under the CCMOT banner.
To find out more about Canada's Mortgage Company™, visit www.cmls.ca.
1 Source: CMLS Financial Ltd. 2012 Canadian Commercial Mortgage Market
SOURCE: CMLS Financial
For further information:
Lynne Plante, Marketing Manager, CMLS Financial