May 28, 2017 12:07 PM ET

Thrifts and Mortgage Finance

Company Overview of Dominion Lending Centres Inc.

Company Overview

Dominion Lending Centres Inc. operates as a mortgage brokerage company in Canada. It offers residential mortgages, including home purchase, refinance, mortgage renewal, home equity, and mortgage life insurance; commercial mortgages; and equipment leasing, auto leasing, and leasing vendor programs for businesses. The company also franchises its business. Dominion Lending Centres Inc. was founded in 2006 and is based in Port Coquitlam, Canada.

2215 Coquitlam Avenue

Port Coquitlam, BC V3B 1J6

Canada

Founded in 2006

Phone:

604-313-7059

Fax:

604-882-0723

Key Executives for Dominion Lending Centres Inc.

Dominion Lending Centres Inc. does not have any Key Executives recorded.

Dominion Lending Centres Inc. Key Developments

DLC Eyes Acquisitions

Dominion Lending Centres Inc. (DLC) is looking for acquisition opportunities. Founders Advantage Capital Corp. (TSXV:FCF) owns a 60% interest in Dominion Lending Centres Inc. Founders Advantage is pleased to announce that DLC has been approved for an additional $4.0 million revolving credit facility to fund the onboarding or acquisition of additional mortgage brokerage firms and mortgage brokers. The additional credit facility will allow DLC to fund its acquisitions without negatively impacting its cash flow.

Dominion Lending Centre Group of Companies Adopts Monthly Cash Distribution Policy Commencing in October, 2016

Founders Advantage Capital Corp. announced that the Board of Directors of Dominion Lending Centre Group of Companies (DLC) has resolved to distribute $900,000 of monthly cash distributions to its security holders commencing in October, 2016.

DLC Announces Third Quarter Earnings Results for the Year Ended June 30, 2016

DLC announced third quarter earnings results for the year ended June 30, 2016. For the quarter, the company reported revenue increased by 29% to CAD 8,172,558 compared CAD 6,346,000 a year ago. EBITDA increased by 14% to CAD 2,804,860 compared to CAD 2,466,248 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 14, 2016
Marlborough Stirling Canada Limited
 

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