Ep.103 | How Glass Lake Funding Redefined Private Lending in Canada | Mike Forshee

In this Episode of the Canadian Private Lenders Podcast, hosts Ryan McNeil and Neal Andreino sit down with Mike Forshee, President of Glass Lake Funding, to explore how the company has skyrocketed from a start-up to over $1 billion AUM in just three years.Mike shares his 25-year journey from Home Trust to founding Glass Lake, backed by Bayview Asset Management, and dives deep into the company’s hybrid lending model, disciplined underwriting, and commitment to serving Canada’s “missing-middle” borrowers.Show Notes:00:00 – Live from the Canadian Mortgage Summit in Toronto00:40 – Introducing Mike Forshee, President of Glass Lake Funding02:00 – Mike’s 25-year journey: from Home Trust to founding Glass Lake05:00 – The Glass Lake model: bridging Canada’s “missing middle” borrowers07:20 – Why Glass Lake focuses on 3-year terms & 650+ credit scores10:30 – Surpassing $1B in assets under management in just 3 years12:00 – Funding a $100M single commercial deal — how it came together13:45 – Lending across Ontario, BC, Alberta, and Quebec — “secondary, not sh*tty” markets15:20 – Inside the Wave Makers Program rewarding broker loyalty17:00 – How social media drives 50% of Glass Lake’s new business18:45 – Differentiating from other private lenders & maintaining discipline20:15 – What’s next: auto portfolios, small business loans & new products coming in 202622:10 – Mike on market optimism, regulation, and the future of private lending24:00 – Raising the bar: why education and higher entry standards matter25:30 – Bonus: Mike’s hockey roots & his thoughts on the Toronto Maple LeafsResources:Keystone Capital GroupCPLP Instagram: @cplpodcastKeystone Instagram: @keycapgroupFind Neal On:Instagram: @neal.andreinoLinkedIn: Neal AndreinoFind Ryan on:LinkedIn: Ryan MacNeilE-mail: [email protected]