Romspen in the News

February 19, 2008

U.S. credit woes seep across the border

Toward the end of last summer, the telephones began ringing off the hook at the offices of Toronto mortgage lender Romspen Investment Corp.

"We were deluged with calls coming from people whose banks would no longer lend mortgage financing to their projects," chief financial officer Wesley Roitman says. "For the first time that I can remember, we have had to actually start marketing to attract investors to fund the volume of business that has presented itself." full story

pdf The Globe and Mail , February 19 2008 full story

Subprime Mortgage Lending in the USA - August 15, 2007

Let’s start with the good news.  The US situation will directly effect only those institutions who have invested in the subprime residential mortgage portfolios that are in trouble.  Romspen Investment Corporation has never and will never acquire such portfolios.  In Canada, the US style of aggressive subprime residential lending never happened, and even in the US, aggressive commercial subprime mortgage lending never happened.  The cause of the current problem is the large pool of aggressive subprime residential mortgages funded in the past few years ... full story

pdf full story

Mortgage brokers biting off bigger chunk - April 11, 2006

A decade ago mortgage brokers handled only 10 to 15 percent of all mortgages placed , says Blake Cassidy, vice-president of business development at Romspen Investment Corp., which has a commercial mortgage portfolio in the $250-million range . "Today they represent closer to 30 percent to 40 percent and that share is growing ." he says .

pdf The Globe and Mail - Tuesday, April 11 2006 (click here to download)

Romspen Investment Corporation announces completion of $174M Mortgage investment Fund - February 2, 2006

Romspen Investment Corporation, Ontario's leading non-bank commercial mortgage lender, today announced the completion of an initial offering of units in the Romspen Mortgage Investment Fund. The $174 million Fund which closed in January 2006 will be used to finance first and second commercial term mortgages as well as participation, bridge and construction loans for commercial real estate across Canada.

(link) http://www.newswire.ca/en/releases/archive/February2006/02/c3425.html

Unconventional Asset Management - October 29, 2005

"Sitting in his well-appointed office , Sheldon Esbin, president of Romspen Investment Corp., explains that the company is essentially an unconventional asset manager . It finds attractive first commercial mortgages for clients to invest in as well as real estate and real estate-related equity opportunities."

pdf National Post , Saturday , October 29, 2005 (click here to download)