Prairie Commercial Mortgage Corp. to Partner with Essex Lease Financial Corp. to Increase Market Share in Western Canada

CALGARY, AB & EDMONTON, AB, Nov. 17, 2025 /CNW/ - PRAIRIE COMMERCIAL MORTGAGE CORP. ("Prairie CMC") and ESSEX LEASE FINANCIAL CORP. ("Essex") are pleased to announce a strategic partnership to grow Prairie CMC, a leading Edmonton, AB based commercial mortgage brokerage.  Prairie CMC was founded in 2017 and holds licenses to operate in Alberta & Saskatchewan's mortgage industry, with expansion underway in Manitoba and British Columbia.

Prairie CMC, led by founder and Managing Director, Ryan McDonald, is a trusted service provider for its clients, arranging commercial financing for real estate developers, commercial property holders, and business owners in Western Canada across a diverse mix of industries & asset classes.  The company prides itself on its deep lender relationships in the conventional banking, institutional and CMHC debt market as well as the non-bank debt market, and offers a unique ability to execute engagements, structure creative solutions and solve complex problems.

"We are pleased to partner with the Prairie CMC team, adding tenured expertise and relationships in the commercial mortgage industry, further expanding Essex's service offering to its valued clientele of business owners and entrepreneurs who create jobs and contribute to economic growth in Western Canada", says Ross Sten, CEO of Essex. 

Ryan McDonald, Managing Director of Prairie CMC, notes, "This partnership with Essex positions us to grow our business with access to robust deal flow, corporate infrastructure, market diversification and additional proprietary tools for our tool belt, to better serve our trailblazing customers".

About Prairie Commercial Mortgage Corp.

Prairie CMC is an Edmonton, AB based commercial mortgage brokerage holding licenses with the Real Estate Council of Alberta ("RECA") and the Financial Consumer Affairs Authority of Saskatchewan ("FCAA").  Prairie CMC provides debt placement services to its customers for financing with Schedule A Banks, Credit Unions, Institutional lenders, CMHC approved lenders and a wide spectrum of non-bank lenders, including private and proprietary sources.  The firm specializes in arranging loans in excess of $2 million for owner-occupied properties, income producing commercial properties within all asset classes, multi-family residential, as well as special situations including distressed scenarios and debtor in possession ("DIP") financing.  For more information about Prairie CMC, visit the company's website at www.prairiecommercialmortgage.com.

About Essex Lease Financial Corp.

Essex is a leading independent equipment finance service provider in Western Canada, providing access to capital to thousands of customers across a range of sectors. In addition, Essex supports the transportation sector through a fleet of over 300 rental trailers and other rental assets and provides further support to its customer base through partnerships in insurance and mortgage financing. Essex's head office is located in Calgary, AB. For more information about Essex, visit the company's website at elfc.ca.

Forward-Looking Statements

Certain statements contained in this news release may constitute forward looking information or forward-looking statements. All statements in this news release, other than statements of historical fact, that address events or developments concerning Essex &/or Prairie CMC (the parties) that the parties expect to occur are "forward looking information" or "forward looking statements". Forward-looking information and forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "propose", "potential", "targeting", "intend", "could", "might", "should", "believe", "budgeted", "scheduled" and "forecasts", and similar expressions and variations (including negative variations). The forward-looking information and statements contained herein are based on the reasonable assumptions, estimates, analysis and opinions of management of the parties made in light of their experience, their interpretation of industry trends and current market conditions along with other factors the parties consider relevant and reasonable as at the date hereof. The parties cannot guarantee to stakeholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the parties nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the transaction, transaction timelines and consumer demands for equipment financing. The parties do not undertake, and assume no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

SOURCE Essex Lease Financial Corporation

For more information, please contact: Essex Lease Financial Corp., Carissa Kirk, Marketing Coordinator, [email protected]