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Our Story

Our beginning: “full spectrum” banking experience

The idea for PHL Capital began over a decade ago, when our founding partners Steve Ponte and Parm Purewall gained valuable experience as senior commercial lenders at a national financial institution.  Throughout their banking careers, they consistently met individuals and businesses that required credit but could not meet conventional bank lending criteria. Steve and Parm understood that many of these people were low credit risk and deserved an opportunity.

 

Seeing a community need…and an opportunity

“As time went on, we saw the need for a different type of credit provider,” says Steve. This is how the idea of PHL materialized.  “Very few MICs originate from understanding the lending side of the business—which is the basis of our experience.  We truly enjoyed getting to know our clients and seeing opportunities beyond the comfort of rigid national bank guidelines. We also knew our mortgage and real estate experience would give us an advantage in assessing risk and seeing hidden opportunities.”

 

Building on a formula for success

It was a formula for success. Today, PHL Capital has grown from a small fund into one of British Columbia’s leading MICs with over $300 million in shareholder capital. Through the company’s proven and established underwriting process, PHL has provided consistent returns while appropriately managing risk.

 

It’s about people and their futures

“Most importantly,” says Steve, “we like bringing investors and borrowers together. We’re helping fuel economic growth in communities across British Columbia. At the same time, we’re helping companies and individuals build futures wealth.

 

“What inspires us about this business is bringing people together in win-win situations. We like building those relationships and seeing how they help people achieve their objectives.”
– Steve Ponte

Meet Our Team

Ultimate Designated Person

Parm Purewall

Mr. Purewall established the Firm in 2018. As the UDP, Mr. Purewall is responsible for overseeing the effectiveness and resourcing of the Firm’s compliance systems. He is also a Co-Founder and Director of MLC and PHL. He is on the Credit Committee for MLC and has worked in real estate development and financing for over 20 years. Mr. Purewall holds a Bachelor of Business Administration degree from Simon Fraser University with a focus on Finance and Marketing. He holds the Chartered Financial Analyst (CFA) designation.

Dealing Representative

Steve Ponte

Mr. Ponte established the Firm in 2018. He is registered as a dealing representative of the Firm and offer clients of PFG an opportunity to invest in MLC where it is suitable for them to make the investment. Mr. Ponte is the current President of the BC MIC Managers Association (BCMMA), whose membership includes some of British Columbia’s largest and most reputable Mortgage Investment Corporations. He is also a Co-Founder and Director of MLC and PHL. He is on the Credit Committee for MLC with over 15 years of combined financing, construction and development experience. Mr. Ponte holds a Bachelor of Business Administration degree from Simon Fraser University with a focus on Finance and Marketing.

Dealing Representative, VP of Investments

Ravi Munday

Mr. Munday is registered as a dealing representative of the Firm and offer clients of PFG an opportunity to invest in MLC where it is suitable for them to make the investment. Mr. Munday has served as the Manager of Investments with PHL since August 2015. He oversees and manages the quarterly share offerings and reports filed in accordance with the British Columbia Securities Commission, communicating with investors with any questions regarding their investment in PFG, and preparing portfolio reporting provided directly to the executive team. He has over 10 years of real estate experience in commercial financing, development and construction. Mr. Munday holds a Bachelor of Commerce degree from the University of Northern British Columbia with a double-major in Finance and Business Administration.

Dealing Representative, Executive Assistant

Karmel Hasel

Ms. Hasel is registered as a Dealing Representative in British Columbia. She offers clients of PFG the opportunity to invest in MLC where it is suitable for them to make the investment and ensures everything required is in order. Ms. Hasel is also Executive Assistant to Steve Ponte and has in-depth knowledge of the mortgage side of the business as she previously managed the mortgage renewal process. She brings extensive experience in event coordination to the company, using her attention to detail and planning skills to put on various events for PHL. Ms. Hasel is currently the chair of The Lending A Hand Society charitable fund committee and thinks it is very important to give back to the community. She also volunteers as a Big Sister for the Big Sisters of BC Lower Mainland.

Dealing Representative

Tandip Khattra

Ms. Khattra is responsible for the establishment, monitoring and oversight of the Firm’s compliance system, including the creation and maintenance of the Firm’s PPM and training program on an interim basis. She has completed both the Chief Compliance Officer and Dealing Representative courses. Ms. Khattra is currently the Accountant at PHL Capital Corp., assisting in all accounting and financial reporting. Ms. Khattra is a CPA candidate in the process of completing her designation. She holds a Bachelor of Science degree majoring in Mathematics from Simon Fraser University and a post-baccalaureate diploma in Accounting from the University of British Columbia.

Chief Compliance Officer

Sanj Westin, CPA

Ms. Westin is responsible for the monitoring and oversight of the Firm’s compliance system, including the creation and maintenance of the Firm’s PPM and training program. She is responsible for maintaining internal controls that ensure the Firm’s assets are safeguarded and that financial statements are prepared in accordance with acceptable accounting principles and standards. She is also responsible for communicating any instances of non-compliance to the UDP and Board of Directors if deemed appropriate. She obtained a double-major Bachelor of Business Administration degree in Accounting and Entrepreneurship & Innovation from Simon Fraser University and holds the Chartered Professional Accountant (CPA) designation. Ms. Westin has been the Controller of PHL since March 2017. She manages all of PHL’s accounting, financial reporting, and IT infrastructure to ensure PHL operates at industry best practices.