He was previously with Royal Trust Corporation as commercial mortgage manager; mortgage specialist at RBC; and commercial mortgage associate at Sherwood Mortgage Group.
Tom Archibald and Doug Frondall, co-presidents and co-CEOs, have stepped down from their interim positions and Penno’s initial contract will run for 6 months before a period of evaluation which could lead to a longer-term arrangement.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Coleman, Nauwigewauk, Sarawak, Pokiok, North Plantagenet
Saskatoon-based PrimeWest Mortgage Investment Corporation has announced that Brad Penno is its new chief executive officer, effective Aug. 22.