January 2021 | Issue 3
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Feature:
Staying Afloat in Uncertain Times
How a BC Swim Company Achieved Growth During the COVID-19 Pandemic
Funding Summary:
2020 Year in Review
Like many of you, we are taking time to reflect on the crazy year that was. We too are ready to put 2020 in the rear-view - but at the same time, we're beyond grateful for the growth that 2020 brought us.

It was a record year for Ashdown Capital. The 115 deals completed in 2020 brought Ashdown to a new milestone - over one billion dollars in financing arranged.

The goals we achieved in 2020 signify the opportunities we had to stand behind our clients in these most challenging of times. We could not be more grateful.
Accolades:
Inaugural Cypress Club Recipients Announced

We're so happy to announce the inaugural recipients of Ashdown Capital's Cypress Club designation, in recognition of their performance in this unprecedented year.
We'd like to recognize Andrew Still who represents the team on Vancouver Island. When he joined Ashdown in 2018, Andrew had recently returned to the Island, and was quickly building a significant network and trusting clientele. In short order, he became one of the team's top performers and among the first to cross the Cypress Club performance threshold. Congratulations, Andrew and here's to continued momentum in 2021.
From the minute he joined the Ashdown team in 2019, David Marti hit the ground running. With strong lender relationships and significant expertise, David became an Ashdown top performer in just over a year, and one of the first to enter the Cypress Club. Congratulations, David - we can't wait to see what the next year holds for you.
Welcome to the Ashdown team
Please join us in welcoming Ashdown's newest brokers.
Inder Powar
Inder brings to the Ashdown Capital team over ten years of commercial banking experience with a large, Canadian bank. He has worked across commercial banking markets, including Surrey, Delta and the Fraser Valley.

During his time with the bank, Inder fostered a passion for finding the best possible solution for his clients—even when it was not necessarily the most advantageous outcome for the bank. With this focus always top of mind, Inder developed strong client relationships, centred on genuine advice and customized solutions to the financing challenges at hand.

Inder lives in Delta with his wife, Karen, and two children, Mila and Devin. His free time is spent balancing double-duty soccer coaching, shooting hoops, and perpetually planning his next NFL road trip.
Michael Hopp
Michael has maintained award-winning success over the past decade providing financial solutions to mid-market businesses, corporations, and private equity firms with a focus on senior and subordinated debt. He has split his finance career between a Canadian Chartered Bank with a focus on equipment finance and a leading Canadian Merchant Bank with a focus on cash flow lending, hotels, high-leverage real estate, M & A, and share transition financing. 

Michael grew up with an entrepreneur father, fostering an understanding of the unique needs of business owners and the importance of tailored financing solutions. His most recent tenure as Director of a Canadian Merchant Bank saw him with clients across a broad range of industries from real estate and tech to manufacturing and food production. 

He currently resides in Victoria with his wife Kailey, his dog Harvey, and in his downtime, you will find him surfing, fishing, and exploring Vancouver Island's stunning coastline. 
CMHC Case Study:
Victoria Multi-Unit
Residential

The client was looking to purchase a multi-unit residential building in the Fairfield neighbourhood of Victoria, BC. Coming from a construction and renovation background, he intended to undertake renovations on the building, which would become a key investment component in his retirement plan.

Previous to his work with Ashdown Capital, the client had the building under contract. He began pursuing an appropriate financing package to support the purchase, targeting CMHC commercial financing that would provide access to competitive interest rates for the project. However the CMHC lenders he approached offered inadequate loan amounts, making the financing tenuous. The deal subsequently fell through. Read more
Partnership Spotlight: Part Two
We're here for the Relationship

We're here to strategize, to solve problems - but mostly, we're here for the relationships.

In part two of his chat with Andrew Westlund, CEO of the Westlund Group of Companies, Ryan Turner talks about relationship-building, and how Ashdown develops deals that are good for the client and the lender. 

Check out the full conversation here