Skip to main content

Montfort Capital Announces Update Regarding Potential Sale of Mortgage Business

Newswire.ca - Mon Feb 3, 2025

TORONTO, Feb. 3, 2025 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, today announced that, in furtherance to its press release dated November 26, 2024, it has entered into a definitive share purchase agreement dated February 3, 2025 (the "DefinitiveAgreement") to sell its mortgage lending business to Brightpath Holdings Corporation (the "Buyer"), a company controlled by Mr. Blake Albright, a former director and senior officer of the Company, to focus Montfort's operations on the high-growth lending segments operated from its Toronto head office (the "Sale Transaction").

Read more at newswire.ca

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.