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Draft:Global Mortgage Group

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  • Comment: The article fails to establish the notability of this company in independent sources; press releases put out at the request of the company do not establish notability. Passengerpigeon (talk) 23:54, 3 November 2024 (UTC)
Global Mortgage Group
Company typePrivately held company
IndustryMortgage brokerage
Financial Services
Founded2018
Headquarters
Singapore
Key people
Donald Klip (CEO), Robert Chadwick (COO)
ProductsReal estate financing, alternative asset financing
Websitewww.gmg.asia

Global Mortgage Group (GMG) is a Singapore-based financial services company specializing in international real estate financing for non-resident and expatriate investors.[1][2] Founded in 2018, GMG operates in the United States, the United Kingdom, Canada, Australia, and several Asian markets.[3][4]

Overview

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Global Mortgage Group, headquartered in Singapore, was established in 2018 by Donald Klip and Robert Chadwick to provide real estate financing solutions for non-residents.[3][5][6][7] In 2020, SparkLabs and Mirae Asset Venture Investment invested $500,000 in GMG to support the development of its technology platform, LNDRhub.[8][9][10] GMG also received $2 million in seed funding from SparkLabs Korea to develop its infrastructure.[11][12][13] In 2021, GMG raised an additional $5 million in Series A funding, bringing its total funding to $7 million.

GMG maintains a network of over 300 direct lenders worldwide and offers financing for alternative assets, such as commercial vessels, yachts, and private jets.[13][14]

The company operates through offices and partnerships in key financial centers, including Singapore, Hong Kong, Shanghai, Beijing, Manila, Bangkok, Seoul, and the United States.[13][4]

In 2023, GMG issued a $38.5 million asset-based bridging loan for a Good Class Bungalow (GCB) property in Singapore.[15][16] The company also provided a $400 million real estate bridging loan in Singapore, focusing on high-value properties.[17][18][19][20]

In 2024, GMG introduced U.S. real estate bridging loans for Asian high-net-worth individuals.[21] That year, GMG facilitated over $180 million in bridge loans, including loans for high-end properties in Singapore.[22] GMG secured a bridge loan to support a property acquisition in Singapore.[23]

GMG estimates its annual revenue to range between $100K and $5.0M.[24]

Awards

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  • Real Estate Financing Company of the Year (2023) – Singapore[25]
  • Singapore Business Awards: Best Real Estate Financing Company (2021)[14]
  • BUILD Real Estate & Property Awards: Best Real Estate Financing Company (2021)[14]

References

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  1. ^ "Seattle Global Mortgage Group, LLC" (PDF).
  2. ^ "Alaska Financial Company III, LLC v. Global Mortgage Group, LLC et al, No. 1:2017cv01723 - Document 37 (D. Del. 2018)". Justia Law. Retrieved 2024-08-15.
  3. ^ a b Living, Expat (2021-12-07). "Looking to buy property in USA?". Lifestyle Guide To Moving To & Living in Singapore - Expat Living. Retrieved 2024-08-15.
  4. ^ a b "GMG real estate agency, real estate agent Hong Kong, China real estate agency Juwai Overseas Real Estate Network". www.juwai.com. Retrieved 2024-08-15.
  5. ^ "Global Mortgage Group - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2024-08-15.
  6. ^ "Donald Klip - Co-Founder at Global Mortgage Group". THE ORG. Retrieved 2024-08-15.
  7. ^ "America Mortgages Launches Top Mortgage Loans for Non-Resident U.S. Real Estate Investors".
  8. ^ "Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space". markets.businessinsider.com. Retrieved 2024-08-15.
  9. ^ "Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space". www.prweb.com. Retrieved 2024-08-15.
  10. ^ "Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space".
  11. ^ SparkLabsKorea (2020-01-13). SparkLabs Demoday 14 - ??? (GMG, Global Mortgage Group). Retrieved 2024-08-15 – via YouTube.
  12. ^ "GMG > All Portfolio". SparkLabs (in Kanuri). Retrieved 2024-08-15.
  13. ^ a b c "Global Mortgage Group's Managing Director and Co-Founder on the Opportunity to Finance Global Real Estate & Alternative Assets -Asian Wealth Management and Asian Private Banking". www.hubbis.com. Retrieved 2024-08-15.
  14. ^ a b c "Global Mortgage Group - Briging Loans Specialist". bridgingloanssingapore.sg. 2023-01-27. Retrieved 2024-08-15.
  15. ^ "Global Mortgage Group Successfully Funds $38.5 Million Singapore Asset-Based Bridging Loan for Good Class Bungalow".
  16. ^ "Global Mortgage Group Successfully Funds $38.5 Million Singapore Asset-Based Bridging Loan for Good Class Bungalow".
  17. ^ "Global Mortgage Group: Real Estate Loan in 72 Hours - Singapore". bridgingloanssingapore.sg. 2023-11-29. Retrieved 2024-08-15.
  18. ^ "Global Mortgage Group Introduces GMG Bridge - U.S. Bridging Loans". usbridgeloans.com. 2019-05-06. Retrieved 2024-08-15.
  19. ^ Tan, Madel (2023-11-23). "Global Mortgage Group Funds Singapore Real Estate Bridging Loan in 72 Hours". EIN Presswire. Retrieved 2024-08-15.
  20. ^ "GMG Unveils High LTV Bridging Loans for High-Value Singapore Real Estate".
  21. ^ "Global Mortgage Group Unveils U.S. Real Estate Bridging Loans for Asian HNWIs".
  22. ^ Tan, Madel (2024-06-26). "Global Mortgage Group's Record-Breaking Month with Bridge Loans for Condos Bungalows and a GCB". EIN Presswire. Retrieved 2024-08-15.
  23. ^ "Global Mortgage Group Facilitates Quick Property Purchase with Bridge Loan Solution". EIN News. 2023-07-18. Retrieved 2024-08-15.
  24. ^ "Global Mortgage Group Overview".
  25. ^ "Global Mortgage Group Pte Ltd (2023 Winner: South East Asia Business Awards)". APAC Insider. Retrieved 2024-08-15.
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