Global Mortgage Group
| Privately held company | |
| ISIN | 🆔 |
| Industry | Mortgage brokerage Financial Services |
| Founded 📆 | 2018 |
| Founder 👔 | |
| Headquarters 🏙️ | , |
Area served 🗺️ | |
Key people | Donald Klip (CEO), Robert Chadwick (COO) |
| Products 📟 | Real estate financing, alternative asset financing |
| Members | |
Number of employees | |
| 🌐 Website | www.gmg.asia |
| 📇 Address | |
| 📞 telephone | |
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
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
- 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
- ↑ "Seattle Global Mortgage Group, LLC" (PDF).
- ↑ "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.
- ↑ 3.0 3.1 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.
- ↑ 4.0 4.1 "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.
- ↑ "Global Mortgage Group - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2024-08-15.
- ↑ "Donald Klip - Co-Founder at Global Mortgage Group". THE ORG. Retrieved 2024-08-15.
- ↑ "America Mortgages Launches Top Mortgage Loans for Non-Resident U.S. Real Estate Investors".
- ↑ "Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space". markets.businessinsider.com. Retrieved 2024-08-15.
- ↑ "Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space". www.prweb.com. Retrieved 2024-08-15.
- ↑ "Global Mortgage Group Closes $500,000 Angel Round to Disrupt the Global Non-Resident Mortgage Space".
- ↑ SparkLabsKorea (2020-01-13). SparkLabs Demoday 14 - ??? (GMG, Global Mortgage Group). Retrieved 2024-08-15 – via YouTube.
- ↑ "GMG > All Portfolio". SparkLabs (in kanuri). Retrieved 2024-08-15.
- ↑ 13.0 13.1 13.2 "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.
- ↑ 14.0 14.1 14.2 "Global Mortgage Group - Briging Loans Specialist". bridgingloanssingapore.sg. 2023-01-27. Retrieved 2024-08-15.
- ↑ "Global Mortgage Group Successfully Funds $38.5 Million Singapore Asset-Based Bridging Loan for Good Class Bungalow".
- ↑ "Global Mortgage Group Successfully Funds $38.5 Million Singapore Asset-Based Bridging Loan for Good Class Bungalow".
- ↑ "Global Mortgage Group: Real Estate Loan in 72 Hours - Singapore". bridgingloanssingapore.sg. 2023-11-29. Retrieved 2024-08-15.
- ↑ "Global Mortgage Group Introduces GMG Bridge - U.S. Bridging Loans". usbridgeloans.com. 2019-05-06. Retrieved 2024-08-15.
- ↑ Tan, Madel (2023-11-23). "Global Mortgage Group Funds Singapore Real Estate Bridging Loan in 72 Hours". EIN Presswire. Retrieved 2024-08-15.
- ↑ "GMG Unveils High LTV Bridging Loans for High-Value Singapore Real Estate".
- ↑ "Global Mortgage Group Unveils U.S. Real Estate Bridging Loans for Asian HNWIs".
- ↑ 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.
- ↑ "Global Mortgage Group Facilitates Quick Property Purchase with Bridge Loan Solution". EIN News. 2023-07-18. Retrieved 2024-08-15.
- ↑ "Global Mortgage Group Overview".
- ↑ "Global Mortgage Group Pte Ltd (2023 Winner: South East Asia Business Awards)". APAC Insider. Retrieved 2024-08-15.
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