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About Us
The company’s four primary activities are (i) mortgage brokerage (ii) private mortgage loans, (iii) higher risk mezzanine and equity loans, and (iv) mortgage servicing which are described below:
Mortgage Broker
In a mortgage brokerage capacity, the company traditionally places over $700 million of mortgages each year on commercial and multi-residential real estate. We will underwrite and place loans of $1,000,000 or greater. CMCC also arranges financing on zoned land and on residential and commercial construction projects.
The extensive banking experience of the senior partners is what makes CMCC unique in the marketplace. Our accumulated knowledge of mortgage lending gives us an advantage in structuring and placing complex mortgage facilities. CMCC has ongoing relationships with over 130 lenders from across North America, ranging from major financial institutions to small private lenders, and as a result is able to source the most inexpensive financing available.
Private Mortgage Fund
In a lender capacity, CMCC has a proprietary private mortgage fund called DB Mortgage Investment Corporation, specializing in 1st and 2nd mortgages which are beyond the lending parameters of institutional lenders.
Mezzanine & Equity Funding
CMCC also has a loyal group of local
investors to invest in mezzanine and equity
transactions. The objective is to provide
reliable equity and mezzanine capital to the
development community while simultaneously
providing our investors with acceptable
risk adjusted returns. Our independence allows
us the flexibility to structure deals
appropriate to each project and to satisfy the
needs of our partners.
Mortgage Servicing
Canadian Mortgage Servicing Corporation is a mortgage servicing company conceived in 2001
and licensed under the Financial Services
Commission of Ontario (#11213). The company acts for institutional and private lenders across Canada as well as several US institutional lenders. Loans under administration has grown quickly and now totals over $1
billion.
Senior Management
Rob Goodall, MBA
The founder and President of the company, Robert Goodall, was previously the National Managing Partner of the Real Estate Finance Group at Royal Trust, where he was responsible for managing a group of lenders across Canada. The Group had a portfolio of $1.4 billion in commercial and multi-residential real estate loans. Mr. Goodall
is licensed under the Financial Services
Commission of Ontario as a Mortgage Broker and has arranged over $3.0 billion in mortgages and has over 20 years of lending/broker experience. He is well known and respected by real estate developers/investors as well as the lending community. Mr. Goodall is also a Board Member of the following companies:
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i)
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Dundee Reit – a major publicly-traded real estate investment trust
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ii)
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Spectrum Seniors Housing Development LP – a major private retirement home development group
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Paul Aiello
Paul Aiello joined the company in 1998 as Vice President after spending 13 years as a Senior Mortgage Underwriter in the Toronto Mortgage Investments Office of Sun Life of Canada, which had a portfolio of $2.5 billion. Mr. Aiello underwrote all types of real estate at Sun Life and was consistently the largest generator of new deals in the Toronto office.
Mr. Aiello is licensed under the Financial
Services Commission of Ontario as a Mortgage
Broker. He has close relationships with many lenders across Canada and arranges in excess of $350 million of mortgages per annum.
Jason Levin, MBA
Jason Levin is a Senior Manager in the
Toronto office who specializes in sourcing
and underwriting private mortgages and
equity loans. In his 6 years with the
company Mr. Levin has closed over $1 billion
in private and institutional debt. Mr. Levin
is licensed under the Financial Services
Commission of Ontario as a Mortgage Agent.
Mr. Levin was previously employed by The
Altus Group, a leading real estate appraisal
firm in The City of Toronto. Mr. Levin holds
a Master of Business Administration degree
from The Schulich School of Business at York
University. |