Magenta Capital Corporation Mortgage Lender Profile
Generally for Ontario homeowners, particularly outside the largest cities, needing a first or second residential mortgage without conventional income documentation.
Who they are
Magenta Capital Corporation is an Ontario mortgage fund manager, founded in 1994 by W. Gavin Marshall and based in the Ottawa area. It manages Magenta Mortgage Investment Corporation and the related Magenta Mortgage Investment limited partnerships, private residential mortgage investment vehicles that raise capital from individual investors and investment advisors. Magenta is licensed in Ontario as mortgage brokerage #13314 and mortgage administrator #12573, and it lends only in Ontario. Its shares are open to Canadian and non-resident subscribers, with a stated minimum subscription of thirty thousand dollars, and are eligible for RRSP, RRIF, RESP, LIRA, LIF, TFSA and FHSA accounts.
What they lend on, and who for
Magenta funds residential mortgages only, secured by property in urban, small-centre and rural Ontario, with a heavy weighting toward first mortgages on owner-occupied single-family homes. Its lending covers first mortgages under a No Doc stream and a Verifiable Income stream, a product for residential rentals, and residential second mortgages on one or two year terms. Applications reach Magenta through a mortgage broker, who submits your file for you. Its lending has historically been concentrated in Ottawa, London and southwestern Ontario, with more recent expansion into the Greater Toronto Area.
How to approach Magenta Capital Corporation
You can contact Magenta Capital Corporation yourself; nothing stops you. What you cannot easily find out is what they will actually accept. What loan-to-value they will genuinely go to on your property, what exit they want to see, what the lender fee comes to, and how fast they can fund — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Private · MIC |
| Registered as | Magenta Capital Corporation |
| Head office | Head Office: Suite 3050, First Canadian Place, 100 King Street West, Toronto, ON M5X 1A9 | Administrative Office: 580 Terry Fox Drive, Suite 401, Ottawa, ON K2L 4B9 |
| Website | magentacapital.ca |
| Phone | 1-888-267-1744 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for Magenta Capital Corporation
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How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with Magenta Capital Corporation?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about Magenta Capital Corporation
Is Magenta Capital Corporation a real mortgage lender?
Yes. Magenta Capital Corporation is a private (mic) based in Ontario. Its own site is magentacapital.ca.
What kind of lender is Magenta Capital Corporation?
Private — categorised in our directory as MIC. Equity lenders — the property matters more than the borrower. Short terms, higher rates, lender fees, and speed. Right for a genuinely temporary problem, wrong as a destination.
Should I go to Magenta Capital Corporation directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with Magenta Capital Corporation regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would Magenta Capital Corporation approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does Magenta Capital Corporation lend?
Its head office is in Ontario. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would Magenta Capital Corporation take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file