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.128 | Condo Corp Lending, MFTs & Construction Finance with Matthew Solda
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In this episode of the Canadian Private Lenders Podcast, hosts Ryan and Neal sit down with Matthew Solda, VP at Morrison Financial, to break down one of the most unique lending models in Canada.
Matthew shares his journey from working in a high-end family pool construction business to becoming a key player in private lending. He dives into how Morrison Financial built a niche in condo corporation financing, a highly secure and often overlooked asset class.
The conversation explores construction lending, mutual fund trust (MFT) structures, and how Morrison has adapted its strategy in response to shifting market conditions. Ryan and Neal also get Matthew’s perspective on the current Toronto real estate market, the slowdown in condo development, and where opportunities are emerging.
If you’re a lender, investor, or developer looking to understand today’s market, this episode delivers real, practical insight.
Show Notes:
00:00 – Intro + overview of Morrison Financial and lending niches
01:18 – Matthew Solda’s background: from pool construction to finance
05:35 – Transition into private lending after MBA
07:42 – Morrison Financial’s origins and evolution
09:23 – How condo corporation lending became a core business
16:57 – Why condo corp loans are extremely low risk
21:03 – MFT structure vs MIC explained
26:39 – Loan sizes, deal structure, and syndication
32:25 – Toronto market outlook: condos vs rentals
34:54 – What caused the condo slowdown
36:06 – What could drive market recovery
39:16 – Defaults, enforcement, and risk management
43:04 – Lessons from reviewing loan applications
44:34 – Appraisal inconsistencies in lending
47:53 – Future of Morrison Financial + succession planning
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