Pacifica Mortgage Investment Corporation (Pacifica) is unique in the MIC industry, being jointly managed by the both the founders of the company as well as BlueShore Financial. In 2011 the Board of Directors of Pacifica made a strategic decision to enter into a management agreement with a joint venture owned by both the principals of Capital West Mortgage Inc. and BlueShore Financial. This joint venture draws upon the expertise and experience of the leaders of BlueShore and the vast resources of a 4th largest credit union in British Columbia as well as the long term management group at Capital West which has successfully managed PMIC since inception in 1994.


Sidney Rubin President and Managing Director

Sidney is the President and a Managing Director of the Issuer, and has served in those roles since the Issuer’s inception in 1994. Sidney has spent more than two decades working in the real estate financing field. A founding partner of CWMI and the Issuer, he specializes in first and second privately funded mortgages. Previously, Sidney worked for a large national trust company as an Account Manager, Commercial Lending. Sidney has a Bachelor of Commerce from the University of British Columbia. Sidney is active in the community, involved in numerous charitable causes as well as minor hockey in Richmond.

Shannon Hillman Managing Director

Shannon has been a director of the Issuer since 2003 and was appointed Managing Director in 2010.  Shannon has over 25 years of real estate finance experience in residential, private and commercial mortgage fields and is a founding partner of CWMI, specializing in investor portfolio management, private mortgages and commercial brokerage. Shannon is a Director of the British Columbia MIC Managers Association, the Mortgage Brokers Association of BC and the Mortgage Investment Association of British Columbia.


Daymon Eng Director

Daymon has served as a director of the Issuer since 2008. Daymon has been in the mortgage industry since 1991, specializing in mortgage brokerage of commercial and residential properties, arranging construction and term loans for all property types. Daymon is a founding partner of CWMI and specializes in commercial mortgage brokerage, joint ventures, equity syndications and origination of large private loans. He holds his Bachelor of Commerce Degree in Finance from the University of British Columbia.

David (Jerry) Szakun Director

Jerry has been a Director of the Issuer since inception in 1994 and brings over 17 years of experience in residential mortgage brokerage and private mortgage lending. He was on the Advisory Committee of Edelweiss Credit Union from 1993 – 1995 and Vice President of the Polish Credit Union from 1986 –1993. Jerry has a Bachelor of Business Administration from Simon Fraser University and is currently a Licensed Mortgage Broker with Ambro and Associates Ltd.

Steve Canning Director

Steve became a director of the Issuer in March 2015. Steve has been in the financial services industry since the 1970s, having worked for several financial institutions. Steve is a licensed mortgage broker with Capital West Mortgage (Canning) Inc., a company wholly-owned by Steve. Prior to joining Capital West, Steve spent 23 years at BlueShore Financial, working in various departments including branch management, broker services and business development. From 2005 to 2014, his position at BlueShore Financial was Assistant Vice President, Business Development, and in that position, he was responsible for BlueShore Financial’s non-traditional residential loan portfolio. He specializes in real estate loans and mortgages, and has developed an excellent reputation amongst the mortgage community. Steve is a member of the Mortgage Brokers Association of British Columbia and has the AMP designation for his mortgage broker license.

Alan Frydenlund Q.C. Director

Alan has served as a director of the Issuer since its inception in 1994. Alan is a member of Owen Bird Law Corporation and is a real estate lawyer with over 30 years of experience. Alan practises in mortgage security perfection and realization work. Alan graduated from the University of Victoria Law School and was called to the British Columbia. Bar in 1983 and the Yukon Bar in 1992.  

John Nation Director

John has been a director of the Issuer since 1998. John has over 35 years of experience in the mortgage industry and has held various management positions at several Canadian trust companies as well as a national bank. He has acquired substantial experience in the underwriting and administration of residential and commercial properties, including realization workouts and project development financing. After 15 years of service, he retired from Peoples Trust Company in December 2017 as Assistant Vice President, Mortgage Administration.  

Chris Catliff Director

Chris has served as a director of the Issuer since 2011. Chris is the President and Chief Executive Officer of BlueShore Financial and has served in those roles since 2000. As of the date of this Offering Memorandum, BlueShore Financial has 340 employees and over $5.0 billion in assets under administration, including $3.5 billion in loans. Chris is also a director of Credential Financial, a wealth management provider to the credit union system, and previously served as the Chair of Credential Financial’s Board of Directors. Prior to joining BlueShore Financial, Chris was Senior Vice President Credit & Technology of Citizens Bank of Canada, and Senior Vice President and General Manager of Citizens Trust Company for five years. Prior to that, he was President of Vancity Enterprises, the real estate subsidiary of Vancity Credit Union. Chris has also served as the Chair of the Board of Directors of the mortgage brokerage company, United Mortgage Group, since its inception in 2002. Previously, he served as Chair of The CUMIS Group, and Canadian Northern Shield, each insurance companies. Chris has also served on several community and non-profit boards. Chris earned both a Bachelor of Arts and Master of Arts at the University of British Columbia. He has received his Institute of Corporate Directors designation (ICD.D) as well as Director qualifications from the Canadian Securities Institute.  

Bill Keen Director

Bill has served as director of the Issuer since 2011. In July 2017, after 12 years with the organization, Bill retired from his position as Chief Financial Officer of BlueShore Financial. In this role, he was responsible for leading BlueShore Financial’s finance, treasury and administration operations as well as group businesses (commercial lending, credit, broker services, BlueShore Capital Corp. and leasing). Prior to joining BlueShore Financial, Bill was the Executive Vice President and Chief Operating Officer at Northstar Trade Finance. He has also worked as a Corporate Finance Partner at Goepel Shields & Partners Inc. (an investment banking firm) as Chief Financial Officer and Senior Vice President, Finance at Surrey Metro Savings Credit Union (Coast Capital Savings’ predecessor) and in a number of senior management positions in a large, publicly listed, multinational mining and industrial group based in South Africa. Bill obtained his FCA from the Institute of Chartered Accountants in England and Wales, his Masters of Business Administration from the University of The Witwatersrand in South Africa and his Canadian Securities Course with Honours from the Canadian Securities Institute. He also holds the designation ICD.D from the Institute of Corporate Directors and was named BC Chief Financial Officer of the Year in 2012 by Business in Vancouver. Bill is a past director of corporate boards and currently serves on a number of not-for-profit boards.

Richard Butterworth Director

Richard has served as a director of the Issuer since March 2018. Richard joined BlueShore Financial as Chief Financial Officer in 2017, and is responsible for leading the organization’s finance, treasury, legal, risk and compliance, and group businesses (commercial lending, credit, broker services), BlueShore Capital Corp. and leasing. He has over 25 years of business experience in finance and shared services, operations, sales and client management across a number of industry sectors, including financial services, residential real estate services, travel management services, and professional services (audit). Prior to joining BlueShore, Richard was the Chief Operating Officer Canada and Executive Vice President North America at Hogg Robinson Group, the EVP Canadian Operations at Brookfield Global Relocation Services, and most recently Chief Executive Officer and Ultimate Designated Person at Wolverton Securities. Richard grew up in the U.K., and became a member of the Institute of Chartered Accountants in England and Wales, and holds a B.A. Honours in Accounting and Finance from Liverpool John Moores University. Additionally, he has successfully completed the Partners, Directors and Senior Officers (PDO) course with the Canadian Securities Institute.