overview

Gentai Capital Corporation (GCC, formerly known as Genesis Capital Corporation), based in Greater Vancouver British Columbia and licensed by Financial Institutions Commission (FICOM), is a Mortgage Broker in the business of originating, funding, and servicing mortgage investments.

Gentai capital provides customized construction, equity, and conventional real estate finance to the builders, developers, and real estate owners marketplace in British Columbia, Alberta and Ontario. In addition, we provides loan servicing, asset management and other relate alternative investment services to meet its investor client needs.

Genesis Mortgage Investment Corp (GMIC) is a leading non-bank mortgage lender that lend in major urban centres where stability and liquidity of real estate are strong. GMIC, structured as a Mortgage Investment Corporation (MIC), is managed by GCC. We focus on loans that cannot be placed with large financial institutions but fit into our underwriting guideline to fill the lending gap caused by the limited number of financial institutions operating in Canada. We provides creative customized mortgage solutions for term, bridge and construction financing solution to owners and builders of all types of residential, multi-residential and commercial real property in Canada, subject to compliance with our investment policy. Our strategy is to expand in a controlled manner by diversifying geographically and focusing on real estate sectors with the lowest risk.

Our investment objectives are capital preservation and strong cash flow with quarterly dividend distribution.

 

Our Business

As a mortgage lender, GMIC are positioned to occupy the gap caused by the limited number of financial institutions operating in Canada. We lend in major urban centres where the stability and liquidity of real estate are at the highest levels. We focus on loans that cannot be placed with financial institutions but represent an acceptable underwriting risk. The weighted average loan-to-value ratio of our mortgage portfolio, as a whole, at the time of underwriting each loan in our portfolio, may not exceed 75%. A typical loan in our portfolio has an interest rate of 8% to 10% per annum, a loan-to-value ratio of 65%, a one year term and monthly interest-only mortgage payments. Our lending parameters are as follows:

  • First or second mortgages on income-producing real estate up to a maximum of 65% of appraised value.
  • Mortgages on residential and commercial properties up to a maximum of 65% of appraised value.
  • Loans on single family residences up to 65% of appraised value.
  • Construction loans up to a maximum of 75% of cost.

Mortgage loan amounts are generally $100,000 to a maximum of $8 million. The largest single mortgage in our mortgage portfolio as at September 30, 2018 was $7.70 million. For loan amounts in excess of $4 to $6 million, we generally co-lend with a financial institution or private lender.

The parameters listed above are our maximum mortgage lending parameters. At September 30, 2018, the weighted average loan-to-value ratio of the mortgage portfolio was 59.14%.

By offering this specialized boutique service, we have been able to satisfy the full range of our borrowers' mortgage requirements, from the sophisticated real estate investors to the equity loan required by the first time home buyers.

We have a proven track record of performance. Over the last few years our mortgage origination volume is summarized as follows

The current overall real estate mortgage portfolio exceeds $99.34 million. 

Over the past 6 years we have invested over $316 million in 325 real estate mortgages and have consistently earned strong absolute cash yields to investors.