Glasslake Funding Mortgage Lender Profile
Generally for Self-employed people, newcomers and property investors in Ontario, Alberta or BC whose applications fall outside bank guidelines.
Who they are
Glasslake Funding ULC launched in March 2023. It is a wholly owned Canadian subsidiary of Bayview Asset Management, LLC, a US-based investment manager that specialises in mortgage and real estate credit. Glasslake lends off its own balance sheet using institutional money, so it is not a MIC and does not raise capital from retail investors. Its head office is in Toronto, and it is licensed as a mortgage brokerage in Ontario, Alberta and British Columbia. It runs both wholesale and correspondent lending businesses, and Mike Forshee serves as president. Its business comes through the mortgage broker channel, and; a licensed mortgage broker submits your file.
What they lend on, and who for
Glasslake lends on residential and small commercial properties, covering purchases and refinances for owner-occupied homes, rentals and investor-held real estate. Its programs are aimed at self-employed people, business-for-self borrowers, newcomers to Canada and investors whose applications fall outside bank guidelines, and it accepts alternative income documentation. The lender emphasises extended amortisations and flexible qualification rather than the insured-style stress testing used elsewhere. Its provincial brokerage licence numbers are published on its website, so you can check that it is licensed in your province before going any further with it.
How to approach Glasslake Funding
You can contact Glasslake Funding yourself; nothing stops you. What you cannot easily find out is what they will actually accept. How they read self-employed income, which add-backs they allow, how they treat rental income, and what they will accept in place of the documents you cannot produce — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Monoline · Alternative lending |
| Registered as | Glasslake Funding ULC |
| Head office | 1501 - 225 King Street West, Toronto, ON M5V 3M2 |
| Parent or group | Bayview Asset Management, LLC |
| Website | glasslake.ca |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for Glasslake Funding
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with Glasslake Funding?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about Glasslake Funding
Is Glasslake Funding a real mortgage lender?
Yes. Glasslake Funding is a monoline (alternative lending) based in Ontario, part of Bayview Asset Management, LLC. Its own site is glasslake.ca.
What kind of lender is Glasslake Funding?
Monoline — categorised in our directory as Alternative/B-Lender. Mortgages and nothing else, sold through brokers. Best pricing in the market and usually the fairest penalty formulas. Most Canadians have never heard of them, which is exactly what this directory is for.
Who owns Glasslake Funding?
Glasslake Funding is part of Bayview Asset Management, LLC. Ownership matters mainly because it tends to determine the funding source and, on a fixed mortgage, how the break penalty is calculated.
Should I go to Glasslake Funding directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with Glasslake Funding regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would Glasslake Funding approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does Glasslake Funding lend?
Its head office is in Ontario. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would Glasslake Funding take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file