Mr. Blake Albright reports

MONTFORT CAPITAL ANNOUNCES NEW C$200 MILLION CREDIT FACILITY FOR BRIGHTPATH

Montfort Capital Corp. has arranged an up to $200-million senior secured, revolving credit facility for its wholly owned subsidiary Brightpath Capital Corp. from funds managed by Atalaya Capital Management LP. Brightpath intends to use the credit facility to finance its current portfolio and future originations. The credit facility provides for an initial commitment of $100-million, which Brightpath has the option to increase to $200-million, subject to consent of Atalaya. The credit facility has a term of 36 months.

"Brightpath has built an impressive origination and servicing platform in the Canadian mortgage market. Brightpath has a unique business model and generates attractive assets that provide utility to underserved Canadian consumers," said Daniel Rosato, managing director at Atalaya. "We look forward to supporting Brightpath's growth plans with this credit facility."

"This partnership with Atalaya aligns Brightpath with a highly regarded global asset manager," said Blake Albright, chief executive officer of Brightpath and chief capital officer of Montfort Capital. "Atalaya has taken the time to deeply understand our business and the market opportunity in Canada. We are excited to be working with the team at Atalaya to scale Brightpath by capturing this opportunity."

The credit facility will bear interest at a floating rate equal to the Canadian overnight repo rate average (adjusted daily compounded CORRA) plus a commercially reasonable credit spread. Interest will be paid bimonthly commencing on April 5, 2024, and draws under the credit facility will end on April 1, 2027, with the credit facility having a final maturity date of April 1, 2028.

Each of Atalaya and its affiliates is an arm's-length party to the company and Brightpath, and the company is not guaranteeing the loan or pledging any collateral under the credit facility other than a limited recourse guarantee and pledge providing a security interest in the shares held by the company in Brightpath II Servicing Corp. (the general partner of Brightpath Residential Mortgage LP II (the SPV)). Brightpath has provided a limited recourse guarantee and pledge providing a security interest in the SPV. The credit facility is not convertible into common shares of the company.

Edgar Matthews & Co. LLC served as exclusive financial adviser to Brightpath on the transaction.

About Brightpath Capital Corp.

Brightpath specializes in arranging mortgages for people who are self-employed, new to the country, experiencing credit issues or looking at renovation/flip projects. Its knowledge and experience, efficient service, and common sense approach to lending are just a few of the reasons to select Brightpath Capital for financing needs. It also offers bridge financing for residential properties with flexible terms. Private mortgages at very competitive terms. Interest-only payments. Fully open terms.

About Montfort Capital Corp.

Montfort manages a diversified group of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all of its investors through public company reporting.

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