I am not sure what you are talking about. Can you reference your source of information? \
Rediscount as I understand it is loaning money to other financial institutions. CSE is very dilligent in monitoring these institutions and their ability to pay and quickly (some would say over aggressively) acts to not lose money at the first sign of trouble.
With regards to commercial finance lending on condo conversions, CSE pulled back from lending on those in 2006 and has experienced their typically low default rates on these loans.