In 1987, David Morrison founded Morrison Financial. A lawyer with a background in corporate and commercial transactions, he regularly saw a need for small to medium-sized companies (SMCs) to have easier and faster access to financing. SMCs in situations of rapid growth or distress often found that their trade accounts receivables were generally considered illiquid by conventional banks and available funding was often inadequate for these companies to quickly and efficiently capitalize on opportunities. David saw the need to help SMCs access alternative ways to manage their working capital and this in turn led to the development of Morrison Financial. Among the various companies under the Morrison Financial corporate umbrella is Morrison Financial Mortgage Corporation, a company that specializes in financing of mid-size construction projects based on verified pre sales in the Greater Toronto area.
Just over 5 years ago, Morrison Laurier Mortgage Corporation was formed in order to give Accredited Investors and Portfolio Managers the opportunity to invest in the mortgage portfolio of Morrison Financial Mortgage Corporation.