Shelter Lending Corp., a Kelowna, British Columbia-based alternative mortgage lender, has acquired Accepted Financial Corp., a mortgage investment firm headquartered in Langley, British Columbia.
The financial terms of the deal were not disclosed. Brad Currie, managing director of Accepted Financial Corp., will join Shelter Lending’s leadership team.
“This acquisition is about alignment,” said Shelter Lending Chairman Dave McKitrick. “Accepted Financial has built a strong reputation for service and relationships, which fits perfectly with how we approach lending. We’re excited to welcome Brad and his clients into the Shelter platform and continue to build together.”
Founded in 2014. Shelter Lending operates a mortgage investment fund structured as a mutual fund trust and has grown to more than $100 million in assets under management. It has a business presence across British Columbia, Alberta, and Manitoba, and it viewed the acquisition as part of its efforts to become a nationwide alternative lending provider.
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