Canadian Funding Corporation

Location
toronto, ON (CA)
Work Category
Finance
Currently working on...
Apart from their duties in the financial lending services, Canadian Funding Corporation remains committed to giving back to the community through its charitable efforts. A major portion of Canadian Fu

About Me

Canadian Funding Corporation has perfected the alternative approach to lending that allows the firm to stand out in the competitive mortgage and real estate financing industry. Based out of Ontario, Canada, Canadian Funding Corporation funds projects other lending institutions chained to traditional financing industry standards usually let pass.

As an alternative financing source, Canadian Funding Corporation focuses on the human side of an investment, which allows it to make lending decisions other companies normally ignore.

The key to CFC’s alternative funding success is based on its unique lending process; it breaks down transactions into a simple screening procedure that takes into account the specific needs of each borrower. Larger financing companies exercise broad numeric assessments to make lending decisions, but Canadian Funding Corporation utilizes simplified, yet extremely case-specific, financing methods.

Canadian Funding Corporation analyzes its clients funding applications, issuing a commitment only after extensive due diligence is conducted. After an investment is approved, the borrower has the chance to review the commitment and decide if they want to accept the financing terms presented by Canadian Funding Corporation. The simple financing system revolves around personalized interactions between Canadian Funding Corporation and its clients. CFC may not process lending solutions as quickly as other financing companies that absentmindedly pump out transactions, but careful pacing ensures that the individual needs of both parties are met and agreed upon, creating more personalized financing options.

Canadian Funding Corporation specializes in a wide variety of lending transactions, including home mortgages, short-term bridge financing, and multi-national retail development. Bridge Loans are short-term loans that are used for temporary financing while larger, long-term financing deals are made. This type of loan adds a degree of flexibility to lending transactions that help the borrower initiate their desired project. Canadian Funding Corporation's ability to use bridge loans as temporary financing solutions is just one example of the company's numerous innovative financing solutions.

As an example of CFC's standards of excellence the models of CMHC are followed by Moishe Alexander to wit: Pallister Court, Ottawa, Ontario. A Nepean Housing Corporation (NHC) project shows that mixing affordable housing for people with severe or multiple disabilities with geared to-income and market-rent units can create a sustainable community that provides a range of affordable housing solutions.

The Affordable Housing Solution

After declaring a vacant lot in Nepean’s Centrepointe neighbourhood surplus, the City of Ottawa earmarked it for affordable housing development and issued a call for proposals.

CEO Moishe Alexander reviewed the profile. The City accepted NHC’s proposal to build a 62-unit complex that included 55, one- to four-bedroom townhouses and six apartments. Twenty-one units are rented at market rates; four are rented at 70 percent of the average market rent; and 37 are rent-geared-to-income, subsidized through the provincial Strong Communities Rent Supplement Program. The key partnership is a five-unit group home, leased on a 20 year renewal lease to Ottawa Foyers Partage, which provides support to Ottawa-area people with multiple or severe disabilities.

The group home is seamlessly integrated into the rest of the development. NHC constructed a standard building and the Ministry of Community and Social Services (MCSS) covered the costs of the features required for the building to operate as a group home. Padolsky Associates Inc. (architect) designed a fully accessible building, with wider doorways, a wheel-in shower and direct exits from each of the bedrooms to the outside. NHC, with financial support from MCSS, the assistance of the architect providing services free of change, and the builder contributing materials at cost, constructed a community space underneath the group home. This common space is used for community meetings, art and drama classes, and a youth drop in program. During the development and approvals process, NHC identified and answered objections and gathered broader support through community consultations—an approach consistent with NHC’s commitment to build only developments that mix rent-geared to-income with market units, with the aim of developing healthier communities.

The City of Ottawa contributed $1.8 million. NHC secured another $1.8 million from CMHC and the Province of Ontario through the Affordable Housing Initiative for the $9.5 million project.

Construction of Pallister Court was completed in July 2006.

This was reviewed and presented by Canadian Funding Corporation.

Work Experience

  • 2004 - present
    thornhill, ON (CA)
    Founder
    Canadian Funding Corporation
    Through his business and philanthropic efforts, Moishe Alexander improves the community. Moishe Alexander takes on initiatives to help the needy, assist in education efforts, and fund building plans. As a deeply centered individual, Moishe Alexander aims to give back for all of the opportunities life has given him.

    Moishe Alexander enjoys working with his local synagogue and directing charitable efforts that are faith-based. Of particular importance to Moishe Alexander is the United Chesed of Toronto. Moishe Alexander connects Jewish people in need of daily or lifelong services or assistance with charities that can cater to specific needs. The principles of Chesed mean a deeper kindness, and it is with that mentality that Moishe Alexander feels obliged to help. Often times, Moishe Alexander collaborates on service projects with his fellow synagogue members on religiously centered matters.

Clubs & Organizations

Jada foundation, the Canadian Cancer Society, United Chesed Charity.

Hobbies & Interests

With their assistance, homeless families in need of food, clothing, and social support have been given the opportunity to rebuild their lives. Mr. Alexander alone has personally devoted his time and money to help support the poor and get them back on their feet. Moishe Alexander is also an active supporter of schools and youth programs in his local community, as well as charities such as the Humane Society, the Canadian Cancer Society, and Chabad-Lubavitch. Furthermore, Moishe Alexander is involved with the United Chesed charity, various seminaries in Israel, and many different synagogues in Toronto, Canada. Alexander also supports seminaries in Israel.

While he expresses much of his energy is expressed toward philanthropy, Mr. Moishe Alexander is still tasked with leading Canadian Funding Corporation, a financial lending firm focusing in real estate. CFC’s main interest is serving the clients needs while helping them achieve their project dreams..