CMI Financial Group, a leading Canadian alternative mortgage lender and financial services platform, has closed a senior financing facility with Royal London Asset Management, expanding its origination capacity in the Canadian residential mortgage market. RLAM, which manages approximately £199 billion in assets, is one of the United Kingdom’s largest asset managers, and the transaction signals positive institutional sentiment toward the Canadian residential lending sector and real estate environment.
CMI has funded more than $4 billion in mortgages since its founding 20 years ago, offering residential mortgage solutions to borrowers who fall outside the parameters of traditional bank underwriting. The facility will accelerate CMI’s ability to serve this segment of the market, reinforcing its position as one of Canada’s most established non-bank mortgage lenders. On the investment side, CMI offers mortgage investment products designed to provide investors with asset-backed returns underpinned by disciplined credit underwriting and a track record of capital preservation.
The financing reflects the growing role of private credit in supporting high-quality financial services businesses, with RLAM’s Asset-Based Finance strategy focused on deploying patient capital into resilient, asset-backed businesses. Despite ongoing concerns about Canada’s housing market, institutional appetite for Canadian residential private credit remains strong, supported in part by historically low national mortgage arrears of 0.27% as of January 2026, one of the lowest rates among advanced economies.
The senior facility will provide CMI with committed institutional capital to support its continued growth strategy and advance its position as a leading alternative mortgage lender and investment manager in the Canadian real estate landscape. RLAM said the transaction underscores its ambitions to be a long-term participant in asset-based finance globally.
KEY QUOTES:
“We are pleased to support CMI and its experienced management team. The business has built a strong and scalable platform, and we believe it is well-positioned to benefit from continued growth in demand for specialist mortgages. Within RLAM Asset-Based Finance, our approach is fundamentally relationship-led, with a focus on attractive risk-adjusted income generation and prudent capital preservation on behalf of our clients. We have meaningful ambitions to be a relevant and long-term participant in asset-based finance globally, and this investment underscores our ability to deliver on that strategy.”
Alok Bedekar, Head of Asset-Based Finance, Royal London Asset Management
“We are delighted to partner with Royal London Asset Management on this financing. Securing financing from an institution of RLAM’s calibre reflects the strength of our platform and the quality of the team behind it. This facility will enable us to continue growing our business and providing best-in-class lending and investing solutions to Canadians. We look forward to working closely with the RLAM team as we execute on our next phase of growth.”
Bryan Jaskolka, Chief Executive Officer, CMI Financial Group
