# Union Financial Corp


## Posts

- [Second-chance business loans in Canada: Financing options after a bank decline](https://unionfinancialcorp.com/second-chance-business-loans/): Many Canadian business owners and entrepreneurs encounter challenges securing financing from traditional banks. This can result from bank policy or underwriting restrictions and guidelines that limit the bank’s ability or willingness to lend. When this occurs, private lenders and alternative loan providers may offer viable capital options. This blog outlines common reasons applications are declined, the types of second-tier lending available, and how Union Lending Corporation can help. Why a Business Loan May Be Declined by a Bank Banks apply standardized lending criteria that are driven by policy and regulatory requirements. Common reasons for declined applications include: These factors, which […]
- [Common agri loan mistakes farmers make (and how to avoid them)](https://unionfinancialcorp.com/agri-loan-mistakes/): Agricultural financing is rarely simple. Farming income is seasonal. Weather and input costs constantly change. Agri loans are important as they support expansion, equipment purchases, and working capital. But delays often come from preventable issues, including incomplete financial documentation or repayment terms that do not match the farm’s cash cycle. Here are 5 common mistakes and how to avoid them Lenders require current, and organized financials to evaluate repayment capacity. To address this expectation: Standard monthly payment terms may be impossible if payment schedules do not reflect crop or livestock income timelines. To address this issue: Conventional lenders may apply […]
- [How to Become a Private Lender: A Practical Guide for High-Net-Worth Investors](https://unionfinancialcorp.com/become-a-private-lender/): Becoming a private lender gives accredited investors access to secured, income-focused opportunities outside traditional markets. But it involves more than finding a high rate of return and signing a term sheet. You need to understand deal flow, underwriting, governance, and day-to-day administration. This guide outlines the core steps to becoming a private lender, with practical considerations for high-net-worth families who want clear access to curated private lending transactions. What Is Private Lending? Private lending involves advancing capital directly to individuals and businesses outside the traditional banking system. Loans are typically secured against assets such as real estate, equipment, or other […]
- [MIC vs. Direct Private Lending: Which Path Fits Your Investment Profile?](https://unionfinancialcorp.com/mic-vs-direct-private-lending/): More high-net-worth families and investors are reallocating capital toward private credit in search of asset-backed income and returns that are not correlated with public markets. At Union Financial, we offer two distinct ways to access private credit investing: curated direct private lending deals and our Mortgage Investment Corporation (“MIC”). Both pursue income from Canadian real-estate loans, but they differ in structure, risk, liquidity, and how investors can participate. What is a Mortgage Investment Corporation? A MIC is a pooled investment vehicle that holds a portfolio of mortgages and distributes the interest it collects to investors. How MICs work Lending policies, […]
- [What Is a Mortgage Investment Corporation and How Does It Work?](https://unionfinancialcorp.com/mortgage-investment-corporation-explainer/): Private credit is increasingly of interest to high-net-worth (“HNW”) investors. As demand for alternative investments grows, Mortgage Investment Corporations, or MICs have become a significant consideration for those seeking to invest in residential mortgages without the challenges associated with direct lending in individual mortgages. At Union Financial, we see MICs as an income-oriented alternative investment that fits within a diversified financial strategy. Our MIC, Grow Capital One Inc., is ideal for an investor who wants an investment with diversified security, that produces monthly income, and provides a ‘one-and-done’ approach versus investing in individual loan opportunities.”— David Hawreluk, LLB, K.C., CEO […]

## Pages

- [Kelowna Event 2](https://unionfinancialcorp.com/kelowna-event-2/): You’re Cordially Invited to Attend An exclusive presentation to discover creative investment opportunities, to network, and to hear about Union Financial’s presence in the Kelowna market. Learn about how Union Financial offers accredited investors unique opportunities to earn interest income of 10% to 18% per annum, paid monthly, by investing in asset-backed private loans, about similar investment opportunities in the public markets, and how to purchase life insurance using the returns from your investments.  Backed by an expert legal team, former commercial bankers, and insurance advisors, discover how Union Financial has built a solid track record delivering high value investment […]
- [Union Risk](https://unionfinancialcorp.com/union-risk/): Union RiskTM is the dedicated risk advisory within Union Financial.
- [Kelowna Event](https://unionfinancialcorp.com/kelowna-event/): You’re Cordially Invited to Attend An exclusive presentation to discover creative investment opportunities, to network, and to hear about Union Financial’s presence in the Kelowna market. Learn about how Union Financial offers accredited investors unique opportunities to earn interest income of 10% to 18% per annum, paid monthly, by investing in asset-backed private loans, about similar investment opportunities in the public markets, and how to purchase life insurance using the returns from your investments.  Backed by an expert legal team, former commercial bankers, and insurance advisors, discover how Union Financial has built a solid track record delivering high value investment […]
- [Calgary Events New](https://unionfinancialcorp.com/calgary-events-2/): PRESENTS Private Debt as an Asset Class Join us for this informative lunch and learn on the private debt industry and discover how Union Financial is playing an active role in this attractive asset class. Date: February 19, 2026 Time: 2:30 p.m. – 4:00 p.m.  Location: The Fairmont Palliser (133 9th Ave S.W.) Who Should Attend? Business owners, accredited investors, family offices, bankers, accountants, lawyers, business advisors, M&A specialists.    In this insightful session, you’ll learn; Who is Union Financial and how we participate in the private debt industry Case studies showcasing how borrowers use private debt to support their […]
- [Holly Lloy](https://unionfinancialcorp.com/holly-lloy/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Holly Lloy Business Development Specialist Holly brings extensive experience in client-focused financial solutions, with a strong background in business development, relationship management, and strategic growth. Throughout her career, she has worked closely with individuals and business owners to understand their goals, identify challenges, and deliver practical financial strategies that support long-term success. Her approach is built on trust, clear communication, and results. Holly is known for being highly organized, detail-oriented, and proactive, ensuring clients feel informed and confident at every stage of the process. With experience across multiple industries, she […]
- [Kelli Blumentrath](https://unionfinancialcorp.com/kelli-blumentrath/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Kelli Blumentrath Business Development Specialist Kelli Blumentrath holds a Bachelor of Business Administration degree in Finance. She brings over eight years of experience across public accounting and commercial banking. Kelli began her career at Kingston Ross Pasnak where she spent four years as a Staff Accountant developing deep expertise in financial analysis, reporting, and client advisory services. Kelli then spent four years with CIBC in Commercial Lending as a Manager, where she built and led a specialized healthcare lending portfolio. In this capacity, Kelli served as a trusted advisor to […]
- [Fast, Flexible Private Business Loans](https://unionfinancialcorp.com/private-business-loans/): Fast, Flexible Private Business Loans Union Lending Corporation structures private loans for businesses and farms that need timely and flexible capital outside traditional bank channels. Our senior team reviews your situation and designs lending structures that fit your cash flow, collateral, and timing requirements. Who This Is For Borrowers needing $400,000 to $15 million in financing with flexible terms. Borrowers whose needs fall outside standard bank policies. Borrowers who need credit decisions made on a practical timeline to act on opportunities. Borrowers seeking non-bank lending with tailored collateral and repayment structures. Borrowers who value coordinated input from banking, legal, and […]
- [Thank you](https://unionfinancialcorp.com/thank-you/): Thank you! We’ve received your submission. Our team will review it and follow up shortly.
- [Blogs](https://unionfinancialcorp.com/blogs/)
- [Flexible Agri Loans Designed for Canadian Farmers and Agribusinesses](https://unionfinancialcorp.com/agri-loans-for-canadian-farmers-agribusinesses/): Flexible Agri Loans Designed for Canadian Farmers and Agribusinesses Farmers and agri-entrepreneurs often face challenges securing timely and flexible financing tailored to their unique needs.  Union Lending Corporation offers custom agri loan solutions backed by an experienced team and a wide network of both institutional (bank) and private lenders. Who This Is For Farmers seeking loans for land acquisition, equipment, expansion, re-financing, and other business purposes. Agribusiness owners requiring non-bank funding options with flexible collateral alternatives. Family farms wanting to secure financing quickly, with customized repayment schedules. Operations facing bank policy limitations or slow credit approvals. Entrepreneurs looking for private […]
- [Contact - General](https://unionfinancialcorp.com/contact-general/): Contact Us Questions, ideas, or an opportunity to discuss? Send us a note. Someone from our team will reply within one business day.
- [Franco Maione](https://unionfinancialcorp.com/franco-maione/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Franco Maione Lending and Investment Specialist Franco Maione brings over 15 years of experience in real estate and private lending, with a consistent record as a top 5% producer as a real estate agent in the Edmonton market, and one of the top real estate team leaders across Canada.  Franco’s background in real estate, and as a licensed mortgage associate and lending specialist with Union Lending Corporation, gives him a unique ability to create creative lending solutions and connect clients with the right capital quickly and strategically. Franco also founded Private […]
- [Calgary Events](https://unionfinancialcorp.com/calgaryevents/): PRESENTS Private Debt as an Asset Class Join us for this informative lunch and learn on the private debt industry and discover how Union Financial is playing an active role in this attractive asset class. Date: February 19, 2026 Time: 11:45 a.m. – 1:15 p.m. (lunch will be provided) Location: The Fairmont Palliser (133 9th Ave S.W.) Who Should Attend? Business owners, accredited investors, family offices, bankers, accountants, lawyers, business advisors, M&A specialists.    In this insightful session, you’ll learn; Who is Union Financial and how we participate in the private debt industry Case studies showcasing how borrowers use private […]
- [Contact Wealth Management](https://unionfinancialcorp.com/contact-wealth-management/): Contact Union Financial Corporation is always looking to connect with people who need one-of-a-kind loans and private lenders in search of quality investments. Come by for a visit. Our office is conveniently located next to the Brewery District in downtown Edmonton. TEL (+1) 780-919-4272 EMAIL jfraser@unionfinancialcorp.com Find us 102, 10446 – 122 Street Edmonton, Alberta T5N 1M3
- [Contact Insurance Brokerage](https://unionfinancialcorp.com/contact-insurance-brokerage/): Contact Come by for a visit. Our office is conveniently located next to the Brewery District in downtown Edmonton. TEL (+1) 306-581-5839 EMAIL droberts@unionfinancialcorp.com Find us 102, 10446 – 122 Street, Edmonton, Alberta AB T5J 1R2, Canada
- [Katherine Johnston](https://unionfinancialcorp.com/katherine-johnston/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Katherine Johnston Relationship Manager Katherine obtained a Business Management Accelerated diploma from MacEwan University and has completed Financial Planning 1 of her Personal Financial Planner designation. Katherine began her financial services career in branch banking with a leading Canadian chartered bank where she spent several years as a financial advisor, eventually transitioning to branch management. In this capacity, she worked with senior regional management and led and mentored branch staff in delivering advice and service excellence. Her responsibilities included overseeing vital components of branch operations. More recently, she joined Michael […]
- [Mitchell Wierstra](https://unionfinancialcorp.com/mitchell-wierstra/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Mitchell Wierstra Securities Analyst, Trader Mitchell is a Certified Financial Planner professional and CFA Level I Candidate with a Bachelor of Arts in Economics. He began his career at a bank-owned full-service investment dealer, supporting multiple advisory teams by streamlining business processes, enhancing performance reporting, and delivering client-focused solutions. Leveraging his background in statistical analysis, Mitchell develops value-added insights into market pricing and plays a key role in the daily execution and oversight of client portfolios. He also creates customized financial planning models that establish tailored benchmarks for assessing individual […]
- [Jonathan Fraser](https://unionfinancialcorp.com/jonathan-fraser/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Jonathan Fraser, LLB Portfolio Analyst Jon obtained a Bachelor of Commerce from University of Alberta, a law degree from the University of Calgary, and is working towards completing his Chartered Investment Manager Designation. Jon’s professional career began with a leading national law firm. Shortly thereafter, Jon followed his entrepreneurial passions in the field of real estate development and construction. Following several successful business ventures, including a hospitality business, Jon returned to private practice with a premier international law firm. Over the following six years, he developed a broad understanding of […]
- [Michael Bishop](https://unionfinancialcorp.com/michael-bishop/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Michael Bishop Lead portfolio manager Michael obtained his Bachelor of Commerce in Finance from the University of Alberta. He is a CFA Charter holder and has completed in-depth, post-graduate accounting courses at York University and through the Chartered Accountant School of Business. Michael began his career in investment management in 1995 with a bank-owned full-service investment dealer where he quickly became a Chairman’s Council advisor. After obtaining his Chartered Financial designation in 2001, Michael spent three years adding to his financial analysis skills through work on a variety of public […]
- [Our Team](https://unionfinancialcorp.com/our-team-2/): Our Team Meet Our Dedicated Union Wealth Management Corporation Team Members​. Contact David Hawreluk, LLB, K.C. Chief Executive Officer, General Counsel David Hawreluk obtained his law degree from Queen’s University in 1993. Since that time, David has practiced as a partner at some of the largest Canadian and global law firms… Continue Reading Michael Bishop, CFA Portfolio Manager Michael obtained his Bachelor of Commerce in Finance from the University of Alberta. He is a CFA Charter holder and has completed in-depth, post-graduate accounting courses at York University and through the Chartered Accountant… Continue Reading Stephen Jacobson, CFA Chief Operating Officer […]
- [Jon Gilbert](https://unionfinancialcorp.com/jon-gilbert/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Jon Gilbert Jon Gilbert is a Canadian tax lawyer with over 25 years of experience, primarily in the areas of corporate tax planning, estate planning and tax dispute resolution. Jon has conducted tax litigation both in private practice and as a tax litigator with the Department of Justice (Canada), and has extensive experience managing the audit process and dealing with the Canada Revenue Agency. For several years, he was a partner at a leading boutique tax law firm in Western Canada, and is currently the Executive Vice President of an […]
- [Daniel Roberts](https://unionfinancialcorp.com/daniel-roberts/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Daniel Roberts Insurance Analyst Daniel obtained a Bachelor of Science in Actuarial Science from the University of Regina. During university, he started working at the Co-operators in pricing, wealth management, corporate, and reinsurance, followed by over 10 years at a leading insurance brokerage in Saskatchewan. Daniel has an exceptional understanding of all aspects of life insurance, sophisticated life insurance structures, and relevant tax, corporate, and estate considerations and issues. Daniel has a deep understanding of the financial benefits and tax attributes life insurance can provide to entrepreneurs. While some estate […]
- [Our Team](https://unionfinancialcorp.com/our-teams/): Our Team Meet Our Dedicated Union Insurance Brokerage Corporation Team Members​. Contact David Hawreluk, LLB, K.C. Chief Executive Officer, General Counsel David Hawreluk obtained his law degree from Queen’s University in 1993. Since that time, David has practiced as a partner at some of the largest Canadian and global law firms… Continue Reading Daniel Roberts Insurance Analyst Daniel obtained a Bachelor of Science in Actuarial Science from the University of Regina. During university, he started working at the Co-operators in pricing, wealth management, corporate and reinsurance… Continue Reading Jon Gilbert Jon Gilbert is a Canadian tax lawyer with over 25 […]
- [Zev Demman](https://unionfinancialcorp.com/zev-demman/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Zev Demman Lending and Investment Specialist Zev Demman holds an Honours Bachelor of Business Administration degree in Finance. During his studies, Zev combined academics with international business experience, including a semester studying International Relations in Tokyo and an internship with a global due diligence and risk management consultancy firm in Hong Kong. He also managed a local private contemporary fine art gallery in Kelowna, B.C.  Zev is a Lending and Investment Specialist with Union Financial, supporting the firm’s asset-backed lending operations and investment initiatives. As a third-generation Kelowna resident, Zev […]
- [Jason Matthison](https://unionfinancialcorp.com/jason-matthison/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Jason Matthison, CFA Corporate Development, Southern Alberta As Corporate Development Advisor, Jason leverages his strategic expertise and extensive network with more than 24 years of finance and entrepreneurial experience. Jason obtained his Bachelor of Commerce, Finance in 1997 and his CFA designation in 2001. As a forex trader for one of Canada’s big five banks, Jason managed over $1B in daily spot CAD volume. He then went on to co-found one of Western Canada’s largest forex and global payments firms that processed more than $1.5B for corporate and private clients. In addition to […]
- [Jana Ilustre](https://unionfinancialcorp.com/jana-ilustre/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Jana Ilustre Investment and Compliance administrator Jana obtained a Business Administration Diploma with a major in Finance from the Northern Alberta Institute of Technology. With a strong background across various roles in financial services, customer service, and administration, Jana has developed a versatile skill set that combines compliance expertise, customer relations, and administrative efficiency. Jana is a dedicated financial services professional, currently serving as an Investment and Compliance Administrator at Union Lending Corporation. She investigates, collects, and reviews personal and financial data. Jana creates reports to meet regulatory requirements and […]
- [Adelhardt Glombick](https://unionfinancialcorp.com/adelhardt-glombick/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Adelhardt Glombick Senior advisor Adelhardt Glombick obtained his Bachelor of Commerce degree from the University of Alberta School of Business. He has over 25 years of corporate banking and M & A transactional experience, primarily with CIBC World Markets and ATB Corporate Finance. While at CIBC World Markets, Adelhardt managed large accounts and M & A transactions in Western Canada. Adelhardt is known for and highly regarded by both public and large private companies as the “corporate finance expert” in the Western Canadian Forest Industry, guiding numerous companies through the […]
- [Doug Podmore](https://unionfinancialcorp.com/doug-podmore/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Doug Podmore LENDING AND INVESTMENT SPECIALIST Doug Podmore obtained his Bachelor of Science degree at the University of Alberta with a Major in Biological Sciences. Doug is a licensed Mortgage Associate with Union Lending Corporation. As a licensed Mortgage Associate, Doug has the training and government certification with the Real Estate Council of Alberta to deal in mortgages in Alberta. Doug has had an interesting and diverse business career having worked for five Fortune 500 companies in various capacities, including numerous sales and leadership roles. Doug’s background, training, and business […]
- [Cameron Bergt](https://unionfinancialcorp.com/cameron-bergt/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Cameron Bergt, CFA Lending and Investment Specialist Cameron Bergt earned his Bachelor of Commerce in Finance from the University of Alberta in 2022. He became a CFA charterholder in 2025. He is a licensed Mortgage Associate and Lending and Investment Specialist with Union Lending Corporation, and a licensed Dealing Representative in Alberta, BC, and Saskatchewan through Union Wealth Management Corporation. As a licensed Mortgage Associate, Cameron has the training and government certification with the Real Estate Council of Alberta to deal in mortgages in Alberta.  As a licensed Dealing Representative, […]
- [Jay Mondor](https://unionfinancialcorp.com/jay-mondor/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Jay Mondor lending and investment specialist Jay Mondor is currently studying for his Chartered Financial Analyst (CFA) designation and has a Bachelor of Business Administration Degree with a major in Finance. Jay is a licensed Mortgage Associate and Lending and Investment Specialist with Union Lending Corporation, and a licensed Dealing Representative in Alberta, BC, and Saskatchewan with Union Wealth Management Corporation.  In his role as a Lending and Investment Specialist, Jay is responsible for collecting and analyzing data from a wide array of sources including borrowers, brokers, appraisers, and real estate […]
- [Fox Hawreluk](https://unionfinancialcorp.com/fox-hawreluk/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Fox Hawreluk Lending and Investment Specialist Fox Hawreluk obtained his Bachelor of Commerce degree from the University of Alberta following which he worked as a consultant for Ernst & Young. Fox is a licensed Mortgage Associate and Lending and Investment Specialist with Union Lending Corporation, and a licensed Dealing Representative in Alberta, BC, and Saskatchewan with Union Wealth Management Corporation.  As a licensed Mortgage Associate, Fox has the training and certification with the Real Estate Council of Alberta to deal in mortgages in Alberta. As a licensed Dealing Representative, Fox […]
- [Jared Smith](https://unionfinancialcorp.com/jared-smith/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Jared Smith vice president, marketing and corporate development advisor As our Marketing and Corporate Development Advisor, Jared Smith leverages his strategic expertise and extensive network that has been created from his 25+ years of building businesses and supporting entrepreneurs. An accomplished entrepreneur, Jared was named one of Avenue Magazine’s Top 40 Under 40, has won Entrepreneur of the Year Awards with BDC Canada and the Chamber of Commerce, and was recognized as one of Business in Edmonton Magazine’s Top 20 Business Leaders (2016). Jared actively contributes to community building. He […]
- [Andrew Hunka](https://unionfinancialcorp.com/andrew-hunka/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Andrew Hunka General Manager and broker Andrew Hunka is the General Manager and Principal Broker of Union Lending Corporation in Alberta and BC, and a licensed Dealing Representative in Alberta, BC, and Saskatchewan with Union Wealth Management Corporation. As a licensed Mortgage Broker, Andrew has the training and certification with the Real Estate Council of Alberta to deal in mortgages in Alberta. As a licensed Dealing Representative, Andrew has the training, certification, and experience to engage with investors to help them determine the appropriateness of investing in exempt products, employ […]
- [Kevin Lynch](https://unionfinancialcorp.com/kevin-lynch/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Kevin Lynch, LLB Vice President, SPECIAL PROJECTS Kevin Lynch obtained his law degree from the University of Alberta in 1987.  He practiced law as a partner at Bennett Jones LLP, one of Canada’s largest and leading business law firms, until his resignation in December 2021.  During his years in private practice, Kevin was a highly-regarded, respected, senior corporate lawyer and a trusted advisor for corporations, financial institutions, and private equity enterprises who primarily operate within the oil-field, forestry and commercial real estate sectors.  He continues to apply his corporate governance […]
- [Stephen Jacobson, CFA](https://unionfinancialcorp.com/stephen-jacobson/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Stephen Jacobson, CFA CHIEF Operating OFFICER Stephen Jacobson obtained his Bachelor of Commerce with Distinction (Finance Major) from the University of Alberta in 2011. He went on to obtain his CFA in 2015 and is currently an active Charterholder. Prior to joining Union Financial, Stephen worked at Canadian Western Bank for 14 years in various senior lending and management roles including Corporate Lending where he managed a portfolio of complex syndicated corporate loans. He also spent 4 years in Credit Risk Management where he adjudicated commercial and real estate credit […]
- [Dwayne Hunka](https://unionfinancialcorp.com/dwayne-hunka/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact Dwayne Hunka President During his extensive business career of over 50 years, Dwayne Hunka has held numerous executive management roles in a variety of industries, including as President, CEO, and co-owner of both acquired and start up companies.  His unmatched experience transcends a broad range of industries including steel fabrication, industrial, commercial and residential construction, land development, property management, technology businesses, and as an investor in, and lender to, numerous other businesses.  Dwayne has been an appointed board member of two publicly traded corporations, more than a dozen private companies, […]
- [David Hawreluk](https://unionfinancialcorp.com/david-hawreluk/): Our Team Meet Our Dedicated Union Financial Team Members​. Contact David Hawreluk, LLB, KC CHIEF EXECUTIVE OFFICER AND GENERAL COUNSEL David Hawreluk obtained his law degree from Queen’s University in 1993. Since that time, David has practiced as a partner at both national and global law firms, including serving in roles as office managing partner, managing partner for clients and industry in Northern Alberta, and on national Executive Committees. He is currently a partner at DLA Piper Canada LLP where he practices as part of the Litigation, Arbitration and Investigations group. As a commitment to his work as a mediator, […]
- [Sandfield Capital Limited](https://unionfinancialcorp.com/sandfield-capital-limited/): Sandfield Capital Limited Sandfield Capital Limited (“Sandfield”) lends money to law firms in the United Kingdom to pay for legal disbursements incurred to pursue certain litigation matters. Sandfield is an exempt market product AND AVAILABLE TO QUALIFIED INVESTORS ONLY THROUGH UNION WEALTH MANAGEMENT CORPORATION. If you would like to become an investor with GC3, or if you would like to increase your current position, please contact Andrew Hunka at (780) 244-4769 or email ahunka@unionfinancialcorp.ca. Important information regarding the GC3 fund is set out in its offering document, which should be reviewed prior to investment. DISCLAIMER Union Wealth Management™ is a […]
- [CASH TODAY INC](https://unionfinancialcorp.com/cash-today-inc/): CASH TODAY INC Cash Today Inc. is an asset-based lender that lends to people requiring smaller amounts of money (averaging approximately $6,000). As security for the loan, Cash Today Inc. obtains a first charge on a car, truck, boat, or recreational vehicle. Cash Today Inc. will only loan up to 50% of wholesale value of the asset and will only accept the asset as security if there is no existing financing or other charge registered against it. If money is loaned against a recreational vehicle, Cash Today Inc. maintains possession of the asset. If money is loaned against a vehicle […]
- [1st Quarter](https://unionfinancialcorp.com/1st-quarter/): Quarterly Reports March 31, 2024 1st Quarter 2024 Report STATE OF THE UNION Good morning Lenders! As you enjoy your morning coffee, we are excited to share with you our business hi-lites for the start of 2024. We hope you enjoy. A. Corporate Branding We are delighted to launch our new branding! As we make our way towards moving our operations into the Union Bank building, we concluded that it was time to bring our businesses together under the “Union” banner. As reported in our business updates in 2023, we have applied to become a portfolio manager, fund manager, and […]
- [2nd Quarter](https://unionfinancialcorp.com/2nd-quarter/): Quarterly Reports July 1, 2024 2nd Quarter 2024 Report STATE OF THE UNION Good morning lenders and investors! We hope that you are enjoying the summer. As you lounge in the shade from the hot weather, we are delighted to present our business update for the second quarter of 2024. A. Corporate Branding Our rebranding efforts are almost complete. We have now transitioned to our new business cards, email, and website: www.unionfinancialcorp.com Grow Lending Group Inc. has rebranded to Union Lending Corporation. Our onboarding with Fidelity Clearing Canada concluded today. Our target launch date for our portfolio management business, as […]
- [3rd Quarter](https://unionfinancialcorp.com/3rd-quarter/): Quarterly Reports October 1, 2024 3rd Quarter 2024 Report STATE OF THE UNION Good morning, lenders and investors.We hope that you enjoy reading our State of the Union report for the third quarter of 2024. A. Economic Update – Canada Given the economic data reports over the past several months, we expect the trend of rate cuts from the Bank of Canada to continue in the coming quarters. As of August 2024, Canada’s national unemployment rate was 6.6%, marking an increase from 6.4% in July. The current rate is the highest since 2017, excluding the pandemic period. As of August […]
- [4th Quarter](https://unionfinancialcorp.com/4th-quarter/): Quarterly Reports January 2, 2025 4th Quarter 2024 Report STATE OF THE UNION Happy New Year!We hope you enjoy our 2024 year-end State of the Union report. A. Year in Review 2024 has been a transformative year for Union Financial. Including the advent of Cash Today in late 2023, Sandfield in April 2024, and our portfolio management business in July 2024, we ended 2024 with over $175 million in assets under management. By the end of 2025, we forecast that our assets under management will exceed $300 million. Additional hi-lites for 2024 include: we completed our rebranding from Grow Lending […]
- [Edmonton's 1910](https://unionfinancialcorp.com/edmontons-1910/): March 6, 2025 Edmonton’s 1910 Union Bank building soon home to business, fine dining https://youtu.be/MiKdxnSpKl0 The plan includes the relocation of Union Financial’s headquarters to the upper floors, and the opening of Roca by Sabor, a new fine dining establishment on the main floor. The historic 1910 Union Bank building in Downtown Edmonton is set to regain its status as a cornerstone of the city’s financial and dining landscape. Following the completion of exterior renovations, the building’s transformation is now well underway, with plans to introduce new business headquarters and high-end restaurant, Roca by Sabor, to the area. Purchased in […]
- [Further Thoughts](https://unionfinancialcorp.com/further-thoughts/): By Kevin Fettig May 1, 2024 Further Thoughts on the Budget and Housing Last week, we examined the new housing road map laid out in the 2024 federal budget. This week, we’re offering a few additional thoughts on two related issues: the importance of private sector investment in rental housing and the impact of investors in the real estate market. Encouraging Private Sector Investment in Rental Housing Although Canada has only recently begun to address the shortage of rental housing, it’s a train wreck that has been decades in the making. The problems and potential solutions at the federal level were […]
- [Hope Remains](https://unionfinancialcorp.com/hope-remains/): By Kevin Fettig May 6, 2024 Hope Remains for US Rate Cuts Later in the Year On May 1, the US Federal Reserve held its two-day FOMC (Federal Open Market Committee) meeting where it kept policy rates unchanged. The fed funds target range remained at 5.25% to 5.50%, where it has been since last July.  Fed Chairman Jerome Powell emphasized in policy statements that rates will persist at current levels “as long as is appropriate,” suggesting rates could be higher for longer. The policy statement had two major changes from the Fed’s previous FOMC statement on March 20th. First, the opening paragraph […]
- [Who Will Build](https://unionfinancialcorp.com/who-will-build/): By Kevin Fettig May 27, 2024 Who Will Build the New Homes We Need? The government aims to build 3.87 million new homes by 2031 through its housing strategy, which focuses on increasing construction of both owner-occupied and rental housing construction. However, a major constraint to achieving this ambitious target is finding enough skilled workers. RBC estimates that Canada could need more than 500,000 additional construction workers to meet this demand. The construction sector had a job vacancy rate of 5.1% in the third quarter of 2023, which is one of the highest rates across all Canadian industries. Compounding this challenge is the […]
- [Housing Market Remains Steady](https://unionfinancialcorp.com/housing-market-remains-steady/): By Kevin Fettig July 16, 2024 Housing Market Remains Steady Existing home sales rose by 3.7 percent m/m (seasonally adjusted) in June and remained at the lower end of seasonal norm. While early indications from local real estate boards suggested weakness across a few major centers, we saw gains on a national basis. The upturn in sales may be in part due to some buyers seeing the first rate cut by the Bank of Canada a signal to get off the sidelines. Listings continue to increase but we also saw an increase in the sales-to-new-listing ratio and with it an […]
- [Are We Plucking the Wrong Goose?](https://unionfinancialcorp.com/are-we-plucking-the-wrong-goose/): By Kevin Fettig July 18, 2024 Are We Plucking the Wrong Goose? The Greater Toronto Area’s (GTA) benchmark home price for June 2024 was $1,110,600. Land is a major part of that cost. We have looked at ways to reduce this burden through leasing and for low-income housing leasing under-utilizing government-owned land. What is not widely discussed is how our tax system makes housing unaffordable. A study last year by CANCEA showed that the tax burden on new housing in Ontario is 31 percent of the purchase price. Another key finding is that the tax burden in Ontario is twice that of the rest of […]
- [Consumer Debt Trends](https://unionfinancialcorp.com/consumer-debt-trends/): By Kevin Fettig July 23, 2024 Consumer Debt Trends Mortgage Investors Should Watch An ongoing concern for mortgage investors is the ability of consumers to manage their debt. Many Canadians are currently facing challenges due to high debt levels, elevated interest rates, and high inflation. While household incomes and saving rates are higher than pre-pandemic levels, not all households have adjusted equally. In the coming quarters, financial pressures could worsen for many households as they renew their mortgages at higher rates, despite the Bank of Canada easing its monetary policy stance. What’s crucial for these households is having sufficient disposable […]
- [Why CMHC Should Explore](https://unionfinancialcorp.com/why-cmhc-should-explore/): By Kevin Fettig July 26, 2024 Why CMHC Should Explore Synthetic Risk Transfer for Mortgage Securitization Under the National Housing Act (NHA), a key objective of CMHC is to promote the efficient functioning and competitiveness of the housing finance market. CMHC’s securitization activities through the NHA MBS (mortgage-backed securities) and Canada Mortgage Bonds program are crucial vehicles for achieving this goal. Alongside its securitization business, CMHC operates a mortgage insurance business. The scope of this business has narrowed as the government has restricted the types of residential mortgages eligible for these programs. The changes to the insurance program are important […]
- [Tiptoeing Close to the Edge](https://unionfinancialcorp.com/tiptoeing-close-to-the-edge/): By Kevin Fettig July 30, 2024 Tiptoeing Close to the Edge The US Federal Reserve will conclude its fifth Federal Open Market Committee (FOMC) meeting of the year on July 31. Although the market isn’t expecting a change in policy at this meeting, the Fed’s communications should set the stage for a September rate cut. For the Federal Reserve to begin cutting rates, it is crucial that inflation, as measured by the Personal Consumption Expenditures (PCE) deflator, moves closer to the Fed’s 2% target. Data released last week show that PCE inflation fell to 2.5% year-over-year in June, down from […]
- [Can Mortgage Product Design](https://unionfinancialcorp.com/can-mortgage-product-design/): By Kevin Fettig July 31, 2024 Can Mortgage Product Design Help to Address Housing Affordability? Over the past 50 years, the housing market has introduced various mortgage products to address a range of challenges faced by homebuyers. This article reviews some of these offerings. Current mortgage products are relatively homogeneous. Most are fixed-rate payment products where both the rate and payment amount are fixed, or where the rate can vary but the payment remains constant. In the 1980s, as today, homebuyers faced an affordability crisis. Back then, the primary driver of the crisis was double-digit interest rates, which increased the […]
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- [Insurance Brokerage Home](https://unionfinancialcorp.com/insurance-brokerage-home/): Life insurance is an essential part of any comprehensive wealth management plan. Whether it is to ensure that your family has sufficient funds to pay for their expenses in the event of your death or a serious health event, for estate and tax planning, or gifting, there is no better alternative to protect wealth than life insurance. The best methods to structure the use of insurance products, however, are not simple, well-known, nor well-understood. Union Insurance™ has a team of insurance advisors, lawyers, and actuaries to advise our clients with regard to planning and structuring life and critical accident insurance […]
- [Corporate Updates](https://unionfinancialcorp.com/corporate-updates/): Corporate updates 2025-03-05 Edmonton’s 1910 Union Bank building soon home to business, fine dining 2025-01-01 Quarterly Reports 4th Quarter 2024 Report Happy New Year!We hope you enjoy our 2024 year-end State of the Union report. 2024-09-30 Quarterly Reports 3rd Quarter 2024 Report Good morning lenders and investors.We hope that you enjoy reading our State of the Union report for the third quarter of 2024. 2024-06-30 Quarterly Reports 2nd Quarter 2024 Report Good morning lenders and investors! We hope that you are enjoying the summer. As you lounge in the shade from the hot weather, we are delighted to present our […]
- [Financial Commentary](https://unionfinancialcorp.com/financial-commentary/): LATEST NEWS AND INSIGHTS Latest economic commentary prepared by Kevin Fettig. 2024-07-31 By Kevin Fettig Can Mortgage Product Design Help to Address Housing Affordability? Over the past 50 years, the housing market has introduced various mortgage products to address a range of challenges faced…   2024-07-29 By Kevin Fettig Tiptoeing Close to the Edge The US Federal Reserve will conclude its fifth Federal Open Market Committee (FOMC) meeting of the year on July 31…   2024-07-25 By Kevin Fettig Why CMHC Should Explore Synthetic Risk Transfer for Mortgage Securitization Under the National Housing Act (NHA), a key objective of CMHC […]
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- [UnionFX](https://unionfinancialcorp.com/unionfx/): We are excited to announce that Union Financial has partnered with Shift Connect to bring you UnionFX. UnionFX allows you to access a wide range of forex and global payment services ranging from cross-border foreign currency transactions to multi-currency accounts, and more. Open An Account Login ABOUT SHIFT CONNECT LTD. The UnionFX underlying infrastructure is expertly managed by Shift Connect Ltd., a leading global payments and foreign exchange firm based in Calgary with over 40 years of expertise in foreign exchange and global payments. Shift Connect serves both corporate clients and individuals, offering a wide range of solutions from global […]
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- [Mortgage Investment Corporation](https://unionfinancialcorp.com/mortgage-investment-corporation/): Mortgage Investment Corporation Grow Capital One Inc. Grow Capital One Inc. is a Mortgage Investment Corporation (“MIC”) that offers eligible investors exposure to private mortgage credit, secured against real property. The MIC pays monthly distributions funded by borrower interest and fees. All terms are governed by the Offering Memorandum (“OM”). How your capital is invested Security: Registered mortgages on real property with a mix of first and second-position loans. LTV limits: Up to 75% on first mortgages and 80% on second mortgages. Diversification: Across borrowers, collateral types, geography, mortgage position, and credit profile to limit single-factor risk. Current focus: Western […]
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Management](https://unionfinancialcorp.com/portfolio-management/): Portfolio Management Our team of investment advisors, analysts, and specialists in alternative investments provide our investors with investment options and advice to maximize and preserve wealth. Speak to an expert The Union Financial group of companies comprises three businesses that work cohesively for the benefit of its clients: Union Wealth Management Corporation Union Wealth Management Corporation is a Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer registered in Alberta. It provides discretionary investment management services to high net-worth individuals and families. The firm also distributes units of the Union Financial alternative income funds and syndicate mortgages on a non-discretionary […]
- [Wealth Management Home](https://unionfinancialcorp.com/wealth-management-home/): Union Wealth Management™ was created to provide investors with access to a wide range of investment opportunities to optimize their ability to meet their financial objectives and manage their investment risks more effectively. Meet our team why choose union wealth management? We are independent, with access to a wide variety of investment opportunities. If your investment advisor is with a national or bank-owned dealer, the scope of investment options offered to you may be limited, depending on firm policy. For instance, advisors may be restricted in making investments in alternative investments including private loans, Mortgage Investment Corporations, or certain private […]
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- [Critical Accident Insurance](https://unionfinancialcorp.com/critical-accident-insurance/): Critical accident insurance Not all life insurance provides a benefit only on death. In the event you suffer from a critical illness as covered under a Critical Accident Insurance policy, you will receive a lump sum payment that you can used for any purpose including paying for specialized medical treatment not available in Alberta, home care, renovations to accommodate any resulting disability, or lost income support. Speak to an expert Why consider this insurance? The number one cause of death in Canada is cancer, accounting for nearly one-third of total deaths. Approximately 235,000 new cases of cancer will be diagnosed […]
- [Life Insurance](https://unionfinancialcorp.com/life-insurance/): LIFE INSURANCE Life insurance is essential to a comprehensive wealth plan. While most people think life insurance only provides benefits to select beneficiaries upon death, there are numerous creative ways that insurance can be used by a person during their lifetime. We have a passion to bring these ideas and structures to our clients. We have a specialized team, both internal and external, that includes insurance advisors, tax and commercial lawyers, and actuaries. Speak to an expert SOME IDEAS TO CONSIDER: Estate planning, including protecting your estate from paying tax, passing wealth to family, and charitable giving. Making a legacy […]
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- [Contact](https://unionfinancialcorp.com/contact/): Contact Union Lending Corporation is always looking to connect with people who need one-of-a-kind loans and private lenders in search of quality investments. Come by for a visit. Our office is conveniently located next to the Brewery District in downtown Edmonton. TEL (+1) 780-244-4769 EMAIL fhawreluk@unionfinancialcorp.com Find us 102, 10446 – 122 Street, Edmonton, Alberta AB T5N 1M3, Canada
- [Our Team](https://unionfinancialcorp.com/our-team/): Our Team Meet Our Dedicated Union Lending Corporation Team Members​. Contact David Hawreluk, LLB, K.C. Chief Executive Officer, General Counsel David Hawreluk obtained his law degree from Queen’s University in 1993. Since that time, David has practiced as a partner at some of the largest Canadian and global law firms… Continue Reading Dwayne Hunka President During his extensive business career of over 50 years, Dwayne Hunka has held numerous executive management roles in a variety of industries, including 
as President, CEO, and co-owner of both… Continue Reading Stephen Jacobson, CFA Chief Operating Officer Stephen Jacobson is the Chief Operating Officer […]
- [Investment Opportunities](https://unionfinancialcorp.com/investment-opportunities/): INVESTMENT opportunities Union Wealth Management currently has two investment opportunities: CASH TODAY INC. Projected 18% annual returnInterest paid monthly Learn more Sandfield Capital Limited Projected 14% annual returnInterest paid monthly Learn more DISCLAIMER Union Wealth Management™ is a trade name for Union Wealth Management Corporation, a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager registered in the province of Alberta. This site is only directed to persons within that province. Union Wealth Management provides discretionary investment management services and distributes units of the Union Financial Funds on a non-discretionary basis. The information provided in this site is for general […]
- [Apply for a loan](https://unionfinancialcorp.com/apply-for-a-loan/): APPLY FOR A LOAN Union Lending Corporation provides creative solutions and fast decisions for individuals, businesses, and farmers in need of borrowing. Submit the form to get started today
- [Loans](https://unionfinancialcorp.com/loans/): LOANS Union Lending Corporation is dedicated to crafting custom loans between $400,000 and $15,000,000 for individuals, businesses, and farmers. We find creative ways to structure a borrower’s request for funds to meet the needs of both the borrower and the lender. Speak to an expert Our creative and custom lending solutions are made possible by our team of experienced lenders, lawyers and former bankers. There is no template for our loan structures. Each loan is considered on its own merits and every effort is made to find a solution, and a potential lender, with decisions made and funding provided faster […]
- [Investing in Private Loans](https://unionfinancialcorp.com/investing-in-private-loans/): Investing in private loans Our team of experts can help you realize excellent rates of return and regular cash flow not typically available with many other forms of investing. Speak to an expert INVESTING WITH UNION LENDING™ Union Lending™ offers its private lenders various opportunities to invest (lend) to borrowers and earn annual rates of return typically between 11% and 18%, paid monthly. The loan investments are carefully underwritten by our experienced team that includes lending specialists, our Mortgage Broker, our Exempt Market Dealer, lawyers, and former commercial bankers. All relevant due diligence information is provided to our investors for […]
- [Lending Home](https://unionfinancialcorp.com/lending-home/): Union Lending™ is dedicated to crafting custom loans between $400,000 and $15,000,000 for individuals, businesses, and farmers. We find creative ways to structure a borrower’s request for funds to meet the needs of both the borrower and the lender. Meet our team WE ARE DIFFERENT THAN A BANK Banks are constrained by specific and often rigid guidelines, policies, and other criteria when evaluating your loan application. Banks also make lending decisions based on which kinds of borrowers and industries they want to lend to, which can change over time. Union Lending Corporation is very different. Union Lending Corporation has the […]
- [Lending](https://unionfinancialcorp.com/lending/)
- [About Us](https://unionfinancialcorp.com/about-us/): ABOUT US High net-worth individuals and families look for comprehensive wealth management advice and strategies to maximize returns, protect their wealth, and minimize tax. Financial advisors that operate within the traditional banks, however, are restricted from providing clients with all available options in the financial markets (such as private lending and private equity market opportunities), and often have limited legal, insurance, or tax knowledge. Union Financial brings together Union Wealth Management Corporation (stock, bond, and fixed income trading), Union Lending Corporation (private lending), and Union Insurance Brokerage Corporation (life insurance, tax, and estate planning), managed by an exceptional team of […]
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