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: [email protected]