First National Financial LP

First National Financial LP is a Canadian-based non-bank mortgage lender that specializes in residential and commercial mortgage lending solutions, supporting mortgage brokers with tailored financing options across the country. Founded in 1988 and headquartered in Toronto, Canada, First National Financial LP provides mortgage solutions as a non-bank lender. The firm has recently transitioned from being publicly traded to a private entity following a transaction in July 2025 where Birch Hill Equity Partners and Brookfield Property Group acquired a 62% stake for CAD 2. 9 billion.

The company has executed one significant deal to date, highlighting its strategic growth in the mortgage sector. First National Financial LP primarily specializes in providing residential and commercial mortgage lending solutions. The firm supports mortgage brokers across Canada with tailored financing options, offering competitive mortgage solutions for residential buyers, including first-time homebuyers, and refinancing options. Additionally, First National provides commercial mortgage products for various property types, such as multi-family residential, office, industrial, and mixed-use developments, serving a diverse clientele in the Canadian market.

First National generates revenue through interest income from mortgage loans and associated fees, primarily operating through B2B relationships with mortgage brokers. Brokers engage with First National to offer mortgage products to consumers, resulting in the firm extending credit and earning interest over the loan's term. The revenue model encompasses various forms of income from both residential and commercial mortgage agreements, with competitive pricing structures aligned to market conditions. Following the recent acquisition in July 2025, First National Financial LP is poised for expansion and growth in the mortgage lending sector.

The funding from the transaction will support the development of new products designed to enhance service offerings. Future plans include expanding into additional markets, although specific regions have not been disclosed. The firm aims to leverage this capital to solidify its position and enhance the services provided to its mortgage broker partners.