Magenta Capital Corporation
Ottawa-based mortgage investment corporation lending across Ontario since 1994 in urban, small-centre, and rural locations, with Ottawa its largest market and coverage across Southwestern Ontario and the GTA. Programs include no-doc equity lending, verifiable-income deals, residential rentals with no cap on doors, and second mortgages. It lends Ontario.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Buyers of rental or investment property
- Refinances and equity take-outs
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Refinancing
Rate types
- Fixed rates
Where it lends
Ontario
Good to know
- Broker-only: lends exclusively through licensed Ontario mortgage brokers and agents.
- Ontario only, in urban, small-centre, and rural locations.
- Private/MIC lending: higher rates plus typical lender and broker fees; student rentals capped at 75% LTV.
How to reach Magenta Capital Corporation
Available only through a licensed mortgage broker, not directly to the public. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Magenta Capital CorporationEducational summary; rates, terms, and approval are set by the lender.
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Other mic & private lenders
Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.