Westbridge Mortgage REIT
Financial Services - Calgary, Alberta, Canada
Westbridge Mortgage REIT Employees
Westbridge Mortgage REIT Details
Westbridge Structured Mortgage Credit Corp ("Westbridge Mortgage REIT") is a specialty Canadian financial institution, focused on real estate estate asset management and bank acquisitions. The Company started out as an originator of construction mortgages and bridge loans to developers and property owners in Central and Western Canada. It initially grew out of the remnants of Riskmont, a mortgage trading and securitzation firm, founded in Ottawa in 2002.From 2014 on, Westbridge began an international expansion that saw it first acquire BHCI Bank, the 25-years old state-run housing bank of Cote d'Ivoire. That acquistion helped bring the Westbridge's brand of specialty lending operations to the 8 countries of the UEMOA single-market zone in West Africa, including a lending Branch in Paris, France. We exited that investment in 2020.The Company continued its international expansion with the May 2020 acquistion of NBM Bank, 200-employee retail bank in Mauritania, a West African country on the cusp of a world-class LNG gas development led by BP and Cosmos Energy. NBM Bank is now Westbridge Bank (Mauritania).
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