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Lending products and programs
Canada
A leading commercial mortgage lender
- Portfolio of $6 billion
- On average, an annual deal flow in excess of $1 billion
- Benefits from the Canadian market’s superior credit dynamics
Primarily a balance-sheet senior lender
- Conservative portfolio of traditional senior mortgage loans
- Granular portfolio (87% < $15 million)
One of the leading issuers of commercial mortgage-backed securities (CMBS) in Canada
- Our conduit, N-45° First CMBS Issuer Corporation (N-45), has issued over $2.8 billion in total, now reduced to $1.8 billion under management as a result of redemptions
- N-45 is a high-quality conduit without any loans in default as at May 31, 2009
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