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Street Capital, a Canadian mortgage lending company that understands the art of the possible
MyMortgageBC.com note: As mortgage brokers we look forward to Street Capital expanding the lending services out west. Mortgage Brokers always like it whenever they can offer more solutions to their mortgage broker clients.
VANCOUVER, Nov. 15 - Street Capital Financial Corporation, a
Canadian-owned and operated mortgage lender, has officially launched its
lending operations in Ontario. Street Capital has plans to expand operations
to service all of Canada by 2008.
Street Capital is targeting the alternative mortgage market as its
primary focus. They will be taking a new approach to alternative lending by
developing innovative lending solutions and relying on common sense lending
practices. Street Capital will provide Canadians who are unable to find
financing through traditional sources with solutions. Their products will be
available through the mortgage broker origination channel with a strong focus
on service, broker relationship and expertise. As well, in order to provide a
full spectrum solution to the market, Street Capital will also serve the
prime/traditional mortgage market.
The Executive team at Street Capital is made up of highly respected
mortgage and lending leaders with established industry capabilities. The
combined expertise and experience of CEO, Ed Gettings; President, Paul Grewal;
and Chief Finance and Risk Officer Lazaro DaRocha provide a solid foundation
to this new and innovative mortgage lending company. Additional members of the
management team include Bruno Valko, Vice President of National Sales and
Alfonso Casciato, Vice President of Credit Operations.
Street Capital's products will be made available through mortgage
brokers. "This origination channel is expected to be the fastest growing
source for alternative mortgage solutions", said Paul Grewal, "and Street
Capital is looking to establish long term strategic business relationships
with brokers and act as an alternative to bank lenders". "Every homeowner
should discuss their situation with a professional mortgage broker who can
provide expert advice on the best products to suit their needs", stated Paul
Grewal. "Given the complexity of the mortgage transaction, only experienced
professional mortgage brokers can properly assist Canadians to find the best
mortgage."
According to Ed Gettings, "Street Capital brings together some of
Canada's leading mortgage professionals who are committed to product
innovation and have achieved tremendous success in their businesses. The
combination of experience and business relationships with mortgage brokers who
are seeking more alternative lending solutions will enable Street Capital and
mortgage brokers to succeed. The Canadian Mortgage Market needs more options
and choices to resolve barriers to home ownership." |
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