Ep.128 | Condo Corp Lending, MFTs & Construction Finance with Matthew Solda

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 niches01:18 – Matthew Solda’s background: from pool construction to finance05:35 – Transition into private lending after MBA07:42 – Morrison Financial’s origins and evolution09:23 – How condo corporation lending became a core business16:57 – Why condo corp loans are extremely low risk21:03 – MFT structure vs MIC explained26:39 – Loan sizes, deal structure, and syndication32:25 – Toronto market outlook: condos vs rentals34:54 – What caused the condo slowdown36:06 – What could drive market recovery39:16 – Defaults, enforcement, and risk management43:04 – Lessons from reviewing loan applications44:34 – Appraisal inconsistencies in lending47:53 – Future of Morrison Financial + succession planningResources:Keystone Capital GroupCPLP Instagram: @cplpodcastKeystone Instagram: @keycapgroupFind Neal On:Instagram: @neal.andreinoLinkedIn: Neal AndreinoFind Ryan on:LinkedIn: Ryan MacNeilE-mail: [email protected]