While some in the industry are being squeezed by mortgage rules, this brokerage is eyeing expansion after growing its business exponentially within months of launching.
Dominion Lending Centres
BlueTree Mortgage West (BMW) has announced its expansion into Alberta a mere two months after its official launch with its acquisition of 1st Financial.
“Inside of 60 days, our growth has tripled,” Gord Dahlen, BMW partner and VP of brokerage development, said. “Our strategy is to align with like-minded businesses built on trust, respect and ethics. The 1st Financial Link group is a terrific fit.”
Andrew Macrae started BlueTree Mortgage five years ago; it was rebranded to BlueTree Mortgages West in May. Macrae, along with partners Gord Dahlen, Marcey Dion, and Kris Gibbs, have helped the company triple in size since July 1.
Sean and Dave Trithart have co-owned 1st Financial for the past 18 years. Sean will remain broker of record for BMW in Alberta and Dave has decided to try his hand at private lending.
“This merger represents the best of both worlds as our team joins forces with BMW and I personally have the opportunity to grow BMW throughout Alberta,” Sean said.
“As a founder of 1st Financial Link, I’m excited for the team to continue on its path of working with the best of the best, and seeing Sean grow the company across Alberta,” Dave added.
Following this latest merger, BMW now boasts 70 agents and is looking to continue adding to its growing team.