The Office of the Registrar of Mortgage Brokers at the Financial Institutions Commission regulates the mortgage brokering and lending activities of Mortgage Investment Corporations (MICs) under the Mortgage Brokers Act. The Registrar and the Mortgage Brokers Act do not regulate the capital raising and investment marketing activities of MICs which are subject to securities legislation and regulation.
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.
The Company intends to sell Preferred Shares primarily through Gentai Asset Management Corporation (“Gentai”), an exempt market dealer registered in British Columbia, Alberta and Ontario. The Company may also sell Preferred Shares through sub-agents contracted through Gentai and other registered dealers.