Happy New Year!
On behalf of the entire CMI team, I’d like to welcome you back and wish you and your family a happy and healthy year ahead. We hope that you enjoyed some well-deserved rest and relaxation over the holidays, and that you’re feeling energized for a strong start to the year!
Meeting the growing need for private funds
Last year began with optimism that the darkest days of the pandemic were behind us. As life slowly returned to normal, the post-pandemic recovery ushered in a new set of challenges and provided further opportunity for us to partner together for the benefit of so many borrowers who found themselves shut out by traditional lenders.
We saw unprecedented application volume last year, and we expect that trend to continue in the year ahead. In what is expected to be a challenging economic environment, more and more borrowers will be looking to you for guidance. They’ll want help navigating the marketplace and finding the right solution for their needs. Equipped with private lending expertise, you’re in a better position to help by being able to offer a wider range of lending options – and to help a wider range of borrowers.
Your trusted partner in any market
At CMI, we’re fortunate to have solid and well-established investor relationships. Investor confidence – and by extension, funding – remains robust, strengthened by our successful track record managing through challenging markets. Our dynamic business model, together with our strong and growing funding sources, ensure we can adapt to changing conditions, meet the increasing demand for private funds, and continue to provide the solutions you rely on us for.
As always, we remain committed to continuous improvements to help you grow your business and serve a growing range of borrowers. Looking ahead, we’re focused on:
- Geographic expansion. We’ve recently become licensed in Atlantic Canada and Quebec. We’re working to bolster our presence in key markets and continue to strengthen our geographical distribution across the country.
- Growing broker partnerships. As we expand our geographic footprint, we’re growing our community of broker partners in lockstep. To support this growth, we’ve built out our team of dedicated Brokerage Relationship Managers (BRMs) in all our key markets to support you and serve you better.
- Deepening our product shelf. We’re working on further diversifying our funding sources so we can expand our product shelf, broaden the type of borrowers that we can help you serve, and provide you with a wider range of financing solutions for your clients.
- Community support. We remain deeply committed to giving back and making a difference, particularly during these uncertain times. We plan to expand our corporate philanthropy program, and to explore new ways to support our community through our monthly giving program.
The promise of a new year brings an opportunity to reset and reimagine how our partnership can continue to make a difference in the lives of Canadians who don’t fit in the traditional lending box. As you set professional and business goals for the coming year, we urge you to consider the role private lending – and CMI in particular – will play in your plan for success.
As always, thank you for your trust and confidence. We’re excited to kick off this new year of growth and partnership with you.
Here’s to a healthy and prosperous year ahead in 2023.
CEO, CMI Financial Group