Since the company was founded 8 years and 3 months ago, we have been achieving a stable and high return (8.24% – 8.35%). We have invested in 403 mortgages in total with a cumulative loan amount of $511.98 million, yielding a cumulative dividend distribution of $38,917,851 made up of 33 regular dividends and 2 special dividends. We continue to gain the trust of more and more investors every month. GMIC endeavors to build a national presence managing assets of $162.99 million and a mortgage portfolio of $154.95 million for 502 shareholders. Gentai group has 32 full-time employees including a management team of 6 seasoned professionals.
COVID-19, which emerged in late December 2019, directly impacted a dramatic decline in the investment market, and many investors suffered significant losses. In contrast, GMIC paid a stable dividend of 2% in each quarter of 2020. We are now happy to announce that we will distribute the targeted dividend for Q1 of our 2021 fiscal year. This once again reminds investors of the importance of asset allocation and also verifies the value of GMIC as an alternative investment product.
As of December 31th, 2020, Gentai Capital has managed GMIC for over 8 years, funding 403 mortgages totaling $511.98 million, successfully achieving the target annual return of 8.24%*, and consistently paying dividends (33 dividends + 2 special distribution) with total dividends paid of $ 38,917,851.
Highlights for the quarter
- Record mortgage interest income of $3.67 million
- Mortgage portfolio of $154.95 million, representing an increase of 13.77% compared to the previous quarter
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- The loan portfolio has an average loan-to-value (LTV) of 54.66%
- High-quality mortgage investment portfolioo
- Nationwide mortgage lending with a focus on Metro Vancouver and Greater Toronto Area
GMIC – Mortgage Portfolio Analysis – As of December 31th, 2020
By Mortgage Loan-to-Value Ratio (LTV):
- As of Dec. 31th, 2020, the average loan-to-value (LTV) is 54.66%.
- Since the second quarter of 2016, the maximum loan in proportion to the subject property’s appraisal value has been reduced from 75% to 65% in response to uncertainties in the real estate markets.
By Geographic Location：
- Nationwide mortgage lending with a focus on Metro Vancouver and Greater Toronto Area
- Central urban areas are preferred locations where the real estate market is active and less volatile
By Mortgage Type:
- Mortgage types include apartment single family dwellings, land, commercial, townhouses, condos, and construction. Single family dwellings consisted of 29.9% of the mortgage portfolio. Diversification in investments is expected to lessen the risks involved
By Mortgage Interest Rate：
- As of Dec. 31th, 2020, the average loan interest rate is 10.16%.
- Gentai Capital applies strict control in risk management throughout the loan process. Due to the strict and robust lending policy, Gentai Capital has not only consistently achieved an 8.24%* return for investors in seven years and nine months but also strictly controlled the potential risks involved to generate such a high rate of return.
* There is no guarantee of performance. Past performance may not be repeated.
By Mortgage Position:
- First position over 54.89%.
We wish to thank our investors for your trust and support. It is our sincere hope that you and your families stay safe in these difficult times. It is our duty and pleasure to provide peace of mind and stability in the form of your investment with us. We look forward to seeing everyone in our 8th AGM on February 6th, 2021 which will be held virtually complying with COVID-19 government requirement.
