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Desmarais-Backed Mortgage Firm Nesto Acquires Lender CMLS

Nesto Inc., a Canadian online mortgage company backed by Montreal’s Desmarais family, struck a deal to acquire real estate financier CMLS Group, vaulting it to more than C$60 billion ($43.8 billion) in mortgages under administration.


  • Jun 21 2024
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Desmarais-Backed Mortgage Firm Nesto Acquires Lender CMLS
Desmarais-Backed Mortgage Firm Nesto Acquires Lender CMLS
(Bloomberg) — Nesto Inc., a Canadian online mortgage company backed by Montreal’s Desmarais family, struck a deal to acquire real estate financier CMLS Group, vaulting it to more than C$60 billion ($43.8 billion) in mortgages under administration.  Read More

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