This is an opportunity to acquire and operate a profitable, established, turn-key mortgage lender with low overhead, a history of steady growth in revenue and earnings, offering tremendous growth possibilities! This business will be a great addition to a portfolio of existing financial services, or a solid start for a new operator who wants to enter the industry.
The business operates more like a boutique private lending platform than a traditional bank-dependent mortgage brokerage, combining private mortgage origination, investor capital placement, structured lending advisory, and recurring servicing relationships. It has developed a proprietary ecosystem consisting of investors and long-standing borrower and broker referral channels.
The business helps its customers with various types of loans: first and second mortgages, bridge financing, equity take-out loans, construction or renovation loans. Revenue is generated through origination broker fees, lender placement fees, admin fees and ongoing renewal servicing fees, providing resilience during bank lending tightening cycles.
Only basic office equipment is needed to operate the business. All meetings are conducted online with no foot traffic or face-to-face meetings. The business can be run from a home office. A meaningful portion of business is generated through repeat broker referrals, renewals, and ongoing servicing activity. Business has developed long-standing relationships with a network of private investors and referral partners supporting ongoing deal flow and lending opportunities.
The business is operated by a current owner, who is a licensed Mortgage Broker in AB, BC and SK, with assistance from three independent contractors. On a corporate level the business is also licensed in AB, BC and SK. The new owner will have to be licensed as a Mortgage Broker in these provinces in order to be able to operate the business.
The seller has agreed to assist the incoming buyer with three months of training, and is willing to act as a licensed Mortgage Broker of record for up to 24 months, in order to accommodate a smooth transition while the new owner gets the necessary licensing. The owner is offering seller financing of up to $400,000 to a qualified buyer.
