What Moskowitz Capital does

Moskowitz Capital is a Toronto-based private alternative mortgage lender founded in 2002 by Brian Moskowitz, operating as Moskowitz Capital Management Inc. across all Canadian provinces. The firm originates, underwrites, and services first and second mortgage loans on its own balance sheet, deploying over $400M cumulatively since inception through two core products: Construction Loans (pre-sold or spec residential/commercial construction, land acquisition, renovation) and short-term Term Loans of 6-24 months. Loan sizes range from $250,000 to $10,000,000 at interest rates of 9.9%-13.9% and lender fees of 2.0%-4.0%, with LTV caps of 75% residential and 70% commercial.

The firm differentiates itself through a "storybook lending" underwriting methodology that combines narrative-based credit judgment with traditional analysis, enabling funding of complex, non-standard, or special-situation deals that chartered banks decline or cannot close quickly enough. Distribution is primarily broker-driven, with commission protection up to 2% of loan amount and a 24-hour feedback commitment to brokers, supplemented by direct borrower relationships built through Canadian Home Builders Association (CHBA) membership across seven regional associations and word-of-mouth referrals.

Revenue is generated through interest income on the on-balance sheet loan portfolio and upfront lender fees. The firm also manages Moskowitz Capital Mortgage Fund II, an RRSP-eligible pooled mortgage fund for accredited investors launched in July 2006, which has delivered an 8.7% average annualized net return over 19 years. The company holds FSRA Brokerage License #10922, Mortgage Administrator License #11928, and an Ontario Securities Commission Exempt Market Dealer authorization (license #65540), and operates with a small team of approximately 8 named employees plus an advisory board.

Name

Moskowitz Capital

Legal name

Moskowitz Capital Management Inc.

Website

https://moskowitzcapital.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Moskowitz Capital is a Toronto-based private alternative mortgage lender, founded in 2002, that originates and services first and second mortgage loans ($250K–$10M) on its own balance sheet across Canada, serving builders, developers, and property owners whose deals are declined or delayed by traditional banks.

Ownership category

akta.pro rank

Product category

Alternative Mortgage Lending

NAICS

Real Estate Credit (522292), Other Financial Investment Activities (5239)

SIC

Mortgage Bankers & Loan Correspondents (6162), Investors, Nec (6799)

akta.pro primary industry

Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB)

akta.pro secondary industries

Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI), Private Credit — Real Estate Debt (Bridge, Mezz, CMBS-like) (FSAHAJAI)

Keywords

• Alternative mortgage lending
• Construction financing
• Bridge loans
• Private lending
• Mortgage fund management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mortgage Interest Income: Moskowitz Capital originates, underwrites, and manages its own portfolio of first and second mortgage loans. Revenue is generated through interest payments on mortgage loans with rates ranging from 9.9% to 13.9% for term loans, plus lender fees of 2.0% to 4.0%.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Moskowitz Capital is a Canadian alternative mortgage lender that originates, underwrites, and manages its own portfolio of first and second mortgage loans for residential, commercial, and construction projects across Canada. Core offerings include Construction Loans (for pre-sold/spec construction, land acquisition, and renovation projects) and Term Loans (6-24 month short-term mortgages from $250,000 to $10,000,000) at interest rates of 9.9% to 13.9% with lender fees of 2.0% to 4.0%. The company also manages the Moskowitz Capital Mortgage Fund II, an RRSP-eligible investment vehicle that delivers an 8.7% average annualized net return to accredited investors.

Product overview

Moskowitz Capital is a Canadian alternative mortgage lender founded in 2002, operating as a 'storybook lender' that provides non-traditional mortgages allowing individuals and businesses to capture real estate opportunities. The company offers two core products: Construction Loans (for pre-sold/spec residential and commercial construction, land acquisition, and renovation projects) and Term Loans (short-term 6-24 month mortgages for various property types). Additional offerings include Purchase Financing, Refinancing, Land Acquisition, Inventory Loans, Bridge Financing, Equity Take-Out Financing, and Rooming House Financing. The company also manages the Moskowitz Capital Mortgage Fund II, an RRSP-eligible investment product delivering an 8.7% annualized net return to investors. Moskowitz Capital serves borrowers across Canada in all provinces, specializing in niche markets where traditional lenders cannot meet borrower needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Loans First and second mortgage construction financing for residential, commercial, and special situation projects including spec and pre-sold construction, land acquisition, and renovation projects. Uses LTV up to 75% on land and up to 80% LTC on hard costs with interest-only payments and personal guarantees typically required.
• Term Loans Short-term mortgage loans typically ranging from 6 to 24 months for various property types including residential, commercial, mixed-use, and land acquisition. Loan amounts range from $250,000 to $10,000,000 with LTV up to 75% for residential and 70% for commercial properties. Often interest only with negotiable amortization, featuring rates from 9.9% to 13.9% and lender fees of 2.0% to 4.0%.
• Moskowitz Capital Mortgage Fund II RRSP eligible mortgage fund offering annualized returns to accredited investors, with an 8.7% average annualized net return over 19 years and historical returns ranging from 5.8% to 11.1%. Launched in July 2006.

Quantifiable outcome

• 8.7% average annualized net return to investors over 19 years
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Canadian Home Builders Association (CHBA)coreStrategic or Co-development Partner · 1 January 2022Moskowitz Capital is a proud member of CHBA and multiple regional home builders associations across Canada. Active participation in CHBA events serves as primary networking channel to meet and build relationships with builders and developers who may need financing.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Trez Capital: Private Canadian mortgage and real estate investment firm that originates construction, bridge, and land loans across Canada and partners with mortgage brokers. Closely comparable in product mix, broker distribution, and private fund offerings.
• Timbercreek Financial Corporation: Canadian specialty finance company (TSX: TF) providing shorter-duration mortgage lending solutions through a network of mortgage brokers and originators. Comparable in short-term mortgage focus, broker-driven model, and investor fund structure.
• Atrium Mortgage Investment Corporation: Canadian MIC (TSX: AI) focused on providing first mortgages on real estate in Canadian urban centres. Comparable in mortgage investment focus, broker origination channels, and target borrower segments.
• MCAP Financial Group: One of Canada's largest independent mortgage finance companies providing single-family residential, construction, and commercial mortgage solutions. Comparable in product breadth and Canadian alternative mortgage origination.
• Firm Capital Mortgage Investment Corporation: Canadian Mortgage Investment Corporation (TSX: FC) that originates and holds first mortgages on residential and commercial real estate across Canada. Comparable in lending criteria, broker relationships, and MIC structure.
• Romspen Investment Corporation: Private Canadian mortgage lender focused on real estate-secured lending including construction and bridge financing. Comparable in private, non-bank origination model and mortgage fund structure for HNW investors.
• Home Capital Group Inc. One of Canada's largest alternative mortgage lenders, originating and servicing residential and commercial mortgages through brokers. Directly comparable to Moskowitz in alternative/non-bank mortgage origination across Canada.
• Counsel Mortgage Corporation: Canadian private mortgage lender operating as a mortgage investment corporation focused on commercial and residential mortgages across Canada. Comparable in MIC structure, multi-province lending, and broker-driven origination.

Broad incumbents

• First National Financial Corporation: Canadian originator and underwriter of residential and commercial mortgages (TSX: FN), one of the country's largest non-bank mortgage lenders. Comparable in mortgage origination and servicing at scale, though broader and more diversified than Moskowitz.
• CMLS Group: One of Canada's largest independent mortgage services companies, providing loan origination, servicing, and technology solutions to the Canadian mortgage industry. Comparable industry exposure and broad participation in Canadian mortgage finance, though more diversified in services than Moskowitz.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/moskowitzcap
• Facebookfacebook.com/moskowitz.capital
• LinkedInlinkedin.com/company/moskowitz-capital

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moskowitz Capital