“The primary focus of the [commercial] strategy will be on conventional and conventional plus mortgages on properties located in Canada,” Crestpoint said.
Crestpoint’s commercial mortgage arm will be led by Blake Steels, vice president and head of mortgage investments.
Steels joined Crestpoint earlier this month. He has extensive experience in real estate debt, equity, and private markets real estate investment.
“Our strong understanding of individual properties and the real estate market positions us well to provide timely and customized responses to borrowers, which should translate into strong risk-adjusted returns for our investors. We are excited to have Blake Steels at the helm of this strategy,” said Kevin Leon, president and founder of Crestpoint.