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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 $1 billion 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 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 is the manager of
a private mortgage fund called DB Mortgage Investment Corporation #1
(DB MIC). DB MIC specializes in underwriting 1st and 2nd mortgages which are beyond the lending parameters of institutional lenders.
DB MIC focuses its activities in the GTA and
Ottawa, with loan sizes ranging from $500,000 to
$20 million. For loans greater than $20 million, DB MIC will co-lend with other private lenders.
Mezzanine & Equity Financing
CMCC has co-founded a mezzanine and equity fund with Dundee Real Estate Asset Management (DREAM). The fund is called DREAM CMCC Capital Fund. 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
(CMSC) is a mortgage servicing company conceived in 2001
and licensed under the Financial Services
Commission of Ontario (#11213). In addition to
providing comprehensive mortgage administration
services for DB MIC, CMSC acts for institutional
and private lenders across Canada as well as
several US institutional lenders. Loans under administration
currently total $600,000,000.
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 $5.0 billion in mortgages and has over 25 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) |
BILD - formerly the
Greater Toronto Home Buildings
Association. |
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iii) |
Jump Math – a charity dedicated to helping children succeed at, and enjoy, learning math. |
Mr. Goodall is also a former Director of
FRPO
(association of apartment landlords for
Ontario).
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
has arranged in excess of $2.5 billion of mortgages
at CMCC.
Michael Lovett
Mr. Lovett has over 27 years of expertise in the commercial real estate lending industry; previously he was employed as the Managing Director C. A. Canadian Realty Finance Fund a publically listed (TSX) commercial mortgage mutual fund.
Mr. Lovett was the President and founder of Montrose Mortgage Corporation
(Toronto) Ltd and has been involved in lending and brokering commercial real estate loans in all asset classes including term loans, construction financing and mezzanine facilities. Mr. Lovett has also held senior real estate related positions in loan origination, risk assessment, and special loans with CIBC Mortgages Inc., National Trust, Citibank, National Bank and Swiss American Bank of Antigua.
Bram Rothman
Bram Rothman is an Assistant Vice President
who specializes in sourcing and underwriting
private and institutional mortgages. In his 9
years experience with the company, Bram has
arranged over $1 billion of debt. Bram is
licensed under the Financial Services Commission
of Ontario as a Mortgage Agent. Prior to working
for CMCC, Bram worked as an analyst for a major
commercial real estate services company. Bram
holds a Masters of Business Administration
degree with a specialization in Real Property
Development from the Schulich School of Business
(York University). |
