Canadian Private Lenders’ Podcast
The #1 Podcast on Private Mortgage Lending in Canada. Ryan MacNeil and Neal Andreino of Keystone Capital Group outline their private mortgage lending experience and help you grow your mortgage business, while focusing on the importance of the growing Canadian Mortgage Broker channel.
Canadian Private Lenders’ Podcast
Ep.108 | Neighbourhood Holdings x Fisgard: The Details behind the Deal with Jared Stanley & Taylor Little
In this episode of the Canadian Private Lenders Podcast, Ryan MacNeil and Neal Andreino sit down with Taylor Little (CEO) and Jared Stanley (SVP of Originations) from Neighbourhood Holdings to unpack one of the most significant moments in Canadian private lending history, Neighbourhood’s acquisition of Fisgard Asset Management. Together, they walk through how the deal came together, why consolidation is accelerating across the MIC and private lending industry, and what this merger means for brokers, borrowers, investors, and the future of alternative lending in Canada. Taylor and Jared dive deep into valuation, culture integration, expanding credit boxes, increased LTVs, new alt products, securitization readiness, and the role of technology in scaling originations. They also explore the regulatory pressures driving consolidation, the importance of strong processes and disciplined underwriting, and the strategic evolution of both brands, including why Fisgard’s EMD will remain and how both teams are joining forces. The episode wraps with advice for smaller lenders and insight into how the industry can become more efficient through national regulatory harmonization. This is a masterclass in deal-making, market strategy, and the future of Canadian private lending.
Show Notes:
05:25 — Introduction to the Biggest Acquisition in Private Lending
05:50 — Meet Taylor Little & Jared Stanley
06:12 — Jared’s Background & Early Career
08:57 — How Neighbourhood Holdings Was Founded
10:15 — Naming the Company: “Neighbourhood Holdings”
13:15 — How the Fisgard Acquisition Started
14:57 — Why Consolidation Is Accelerating in the Industry
16:11 — Deal Courtship Story: Project Beacon
19:06 — Deal Structure & Valuation Approach
22:10 — Leadership Integration: Who’s Staying On
25:01 — Why Fisgard Remains the EMD Brand
29:07 — New Products & LTV Expansion to 75%
31:38 — Alt Program & Expanded Geographic Reach
33:01 — Surging Originations After MPC Announcement
36:02 — Why the Pipeline Exploded
39:07 — More M&A Expected Across Canada
43:56 — Buying Mortgage Books & Future Opportunities
46:02 — Securitization & Institutional Capital Readiness
49:02 — Educating Brokers on Short-Term Alt Lending
50:54 — CAMLA’s Role & Industry Advocacy
54:26 — Advice for Smaller Lenders: Survive & Stay Disciplined
59:03 — What Needs to Change: National Harmonization
62:09 — West Coast Bonus Question
Resources:
Keystone Capital Group
CPLP Instagram: @cplpodcast
Keystone Instagram: @keycapgroup
Find Neal On:
Instagram: @neal.andreino
LinkedIn: Neal Andreino
Find Ryan on:
LinkedIn: Ryan MacNeil
E-mail: ryan@keycap.ca