Meet the alternative mortgage lender who’s a last resort for desperate homebuyers bigger banks won’t touch [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Financial Post
Meet the alternative mortgage lender who’s a last resort for desperate homebuyers bigger banks won't touch 'We tell the borrowers if you are dishonest to us, it's like pulling a loaded gun on yourself' When prospective borrowers sit down in the boardroom to negotiate a loan at one of Canada’s largest alternative lenders, they’re greeted by a sculpture of a gun with its barrel twisted back toward the shooter. “We tell the borrowers if you are dishonest to us, it’s like pulling a loaded gun on yourself,” says Eli Dadouch, 52, founder and chief executive officer of Toronto-based Firm Capital. The company lends to home buyers, builders, developers, and landlords that bigger banks can’t or won’t touch, charging more than twice as much for the risk. It’s been a lucrative business. In addition to the gun sculpture, Dadouch’s extensive contemporary art collection at the company’s office in the city’s north end includes pieces by U.S. pop artist Steve Kaufman and photographer Rodney Smith. Wit
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News
- Canada Economy on Track to Beat First-Quarter Forecasts [Yahoo! Finance]Yahoo! Finance
- Canada Economy on Track to Beat First-Quarter Forecasts [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canada's economy grows more than expected [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canada Economy on Track to Beat First-Quarter Forecasts [BNN Bloomberg (Canada)]BNN Bloomberg
- Canadian Imperial Bank of Commerce (NYSE: CM) is now covered by analysts at Barclays PLC. They set an "underweight" rating on the stock.MarketBeat
CM
Earnings
- 2/29/24 - Beat
CM
Sec Filings
- 3/28/24 - Form FWP
- 3/28/24 - Form FWP
- 3/28/24 - Form 424B2
- CM's page on the SEC website