Atrium Mortgage Investment Corporation Opens Vancouver Office and Appoints Managing Partner
Toronto, Ontario--(Newsfile Corp. - September 24, 2012) - Robert Goodall, President and CEO of Atrium Mortgage Investment Corporation (TSX: AI), is pleased to announce the appointment of Bruce J. Weston as Managing Partner for British Columbia, and the opening of Atrium’s Vancouver office, both effective October 1, 2012.
Bruce Weston was most recently Vice President of a Vancouver-based boutique financial firm specializing in mezzanine construction lending and structured commercial and residential mortgages, with average outstanding balances of about $500 million. He has extensive lending experience in senior management roles at two major financial institutions in which he was responsible for all lending in Western Canada. In addition he has had senior roles providing real estate services for major consulting firms in Canada. Mr. Goodall said, “We are very pleased that Bruce has joined Atrium to lead our expansion in British Columbia.”
Mr. Weston is a native and lifelong resident of British Columbia, and has over three decades of real estate lending experience in B.C., Alberta and the Western United States. He has been on boards of directors and active as a volunteer at numerous charities in British Columbia.
Atrium’s Vancouver office is located at Suite 668, 1199 West Pender St., Vancouver BC, V6E 2R1.
As a mortgage investment corporation, Atrium is a non-bank provider of residential and commercial real estate finance. Atrium lends in major urban centres in Canada where the stability and liquidity of real estate are at the highest levels. Canadian Mortgage Capital Corporation (“CMCC”) is responsible for originating, underwriting, servicing and syndicating Atrium’s mortgage loans. CMCC has been Atrium’s exclusive manager since Atrium’s formation and has grown Atrium’s business to a mortgage portfolio of approximately $180 million. CMCC has been in the business of originating and underwriting mortgage loans for over 19 years and servicing mortgage loans for over 13 years.
For further information, please contact:
Atrium Mortgage Investment Corporation
Bruce J. Weston, Managing Partner, BC