Lender History:
MCAP is Canada’s largest independent Mortgage Finance Company, 6th after the big 5 Banks. MCAP originates, trades, securitizes and services residential, construction and commercial assets on behalf of institutional investors. MCAP has offices in Toronto, Waterloo, Calgary and Vancouver, among other smaller offices and services loans across Canada. Although different names have applied to MCAP, they have been in business for nearly 40 years.
MCAP has:
$150B in assets under management
Over 400,000 homeowners across Canada
Over 1,500 employees in offices across Canada
Over 30 Institutional Investors
MCAP Ideal Clients
MCAP offers a variety of mortgage solutions including flexible HELOC products, insured rental programs tailored for investors, and stated income programs designed for self-employed borrowers.
Factors to Consider:
MCAP does not offer branch or traditional banking services, so all processes are handled remotely. They have more strict lending criteria compared to some alternative lenders. However, they offer excellent insured rates for transferring 2-4 unit rental properties, making them a strong choice for investor clients.
Contact Information and Links for MCAP:
Mailing Address:
451 Phillip St, Suite 100
Waterloo, ON N2L 3X2
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Contact Information:
Toll-Free (English): 1 800 265 2624
Toll-Free (French): 1 888 811 2529
Fax: 1 800 922 0220
E-mail: service@mcap.com
