Glasslake Funding Fills Gap in AirBNB Financing Out West + Mortgage Bytes

Rental and commercial boutique lender Glasslake Funding just made a push into Alberta and B.C. We caught up with Glasslake President and former Home Trust Underwriting EVP Mike Forshee to check on the opportunities he's prospecting out there.

He tells us, "We will continue to go into secondary markets in the western provinces" for one simple reason. The risk profile in B.C. and Alberta are "very similar" to Ontario, where Glasslake is based.

One offering he sees consistent demand for is AirBNB financing. "We are seeing a real opportunity in Alberta for this product," Forshee says. "Given the values in Alberta are lower than in the GTA and Vancouver..."

You don't have access to this post on at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now


Sign in or become a member to read and leave comments.
Just enter your email below to get a log in link.

You've successfully subscribed to
Great! Next, complete checkout for full access to
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.