VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2012) - CMLS Financial Ltd, Canada's largest independently-owned commercial mortgage services operation, is pleased to announce that the business lines of Penmor Mortgage Capital Corporation and CMLS Financial will now operate under one name: CMLS Financial Ltd.
Established in 1974, CMLS Financial has experienced exceptional growth from its offices in Vancouver, Calgary, Toronto, Ottawa, Montreal and Halifax. Its current assets under administration are in excess of $6 billion. CMLS Financial provides a range of mortgage investment services to a variety of investors including pension funds, investment management companies, insurance companies, private lenders, and securitization trusts.
Penmor Mortgage Capital Corporation, a wholly owned subsidiary of CMLS Financial, is one of Canada's leading commercial mortgage origination platforms, facilitating over $2 billion of annual loan funding. Penmor provides Canadian landlords and developers with unparalleled advice and commercial financing solutions from six offices coast-to-coast.
The co-heads of CMLS Financial, Chris Brossard and David Franklin, are excited to move in this new direction. Investors and borrowers alike can now rely on one company operating under the trusted CMLS Financial Ltd. name.