Gingko MIC

What Gingko MIC does

Ginkgo Mortgage Investment Corporation (Ginkgo MIC) is a Toronto-headquartered private mortgage investment corporation founded in 2011 that originates non-prime and alternative residential mortgages across Canada, including Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Nova Scotia, with a satellite office in Vancouver. Its product suite covers first and second mortgages, bundle, bridge, and HELOC structures, alongside newer 2024 offerings such as No Docs and the 6G program, with a non-resident mortgage variant for foreign borrowers. Loans are sourced exclusively through a broker distribution channel claimed to exceed 2,000 agents, supported by a dedicated Power Agent loyalty program and a Deal Tracker mobile application released in 2024 to streamline broker workflow.

Ginkgo funds its mortgage book by issuing preferred shares to retail and accredited investors through Series 1 (9.25% target yield) and Series 2 (8.5% target yield) share classes, targeting an 8–9% annual return. Revenue is generated primarily through net interest margin between borrower rates (stated at 7.75%–12.5% depending on product and risk tier) and the dividend cost on preferred share capital, augmented by origination, lender, and renewal fees on a book of approximately 492 active loans and a portfolio of roughly $206M (with $187M in managed assets as of February 2025 and $1.6B cumulative funded since inception).

The company is led by Chairman and CEO Henry Tse, operates with 11–50 employees, and has invested in reputational infrastructure including a Gold Medal win as Top Alternative Lender at the CMP 2024 Canadian Mortgage Awards, an upgraded 2+ rating from the Financial Reporting Council of Canada in 2025, a 2025 academic partnership with the Rotman School of Management, and an ESG partnership with Second Harvest. Its 15-year operating history, modest regulatory footprint as a private MIC, and broker-mediated origination model position Ginkgo as a mid-sized specialist lender in the Canadian alternative mortgage market rather than a scaled fintech disruptor.

Name

Gingko MIC

Legal name

Ginkgo Mortgage Investment Corporation

Website

https://ginkgomic.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Ginkgo MIC is a Toronto-based private mortgage investment corporation founded in 2011 that originates alternative and non-prime residential mortgages across Canada through a network of 2,000+ brokers, funded by preferred share capital targeting 8–9% investor returns.

Ownership category

akta.pro rank

Product category

Private Mortgage Lending

NAICS

Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Private Credit — Real Estate Debt (Bridge, Mezz, CMBS-like) (FSAHAJAI)

akta.pro secondary industries

Bridge & Short-Term Real Estate Loan Intermediation (FSAEAEAG), Home Equity Loan & HELOC Intermediation (FSAEAEAD)

Keywords

• Private mortgage lending
• Alternative lending solutions
• Mortgage investment corporation
• Bridge loan financing
• Home equity lending

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: Ginkgo MIC earns interest income on its diversified and secured pool of mortgages. The company targets 8-9% return rate to investors from mortgage lending activities. Revenue is generated through interest rate spreads on first mortgages (7.75%-8.75%), second mortgages (10.5%-12.50%), and other mortgage products.
2. Lender Fees: Origination fees charged on mortgage transactions: 1% for first mortgages, 2% for second mortgages, 1.75% for 6G program, and various fees for bridge loans and HELOCs.
3. Dividend Income for Investors: Ginkgo MIC distributes dividends to preferred shareholders. Series 1 Preferred Shares pay 9.25% annually; Series 2 pays 8.5%. The company has maintained consistent dividends, adjusting target rates in response to market conditions.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Ginkgo MIC is a Canadian Mortgage Investment Corporation that provides private mortgage lending products (first mortgages, second mortgages, bridge loans, HELOCs, no-docs mortgages, and 6-month term programs) funded by capital raised from preferred share investors. The company distributes these products through a network of independent mortgage brokers across Canada, with in-house Solution Advisors delivering 24-hour deal review turnaround.

Product overview

Ginkgo MIC is a Mortgage Investment Corporation operating across Canada since 2011, offering a comprehensive suite of private mortgage lending products through a broker distribution model. The core product portfolio includes First Mortgages, Second Mortgages, 1st & 2nd Mtg Bundles, Bridge Financing, Non-Resident Mortgages, and HELOC products (both 1st and 2nd position). Specialized offerings include the No Docs Mortgage (no income documentation required) and the 6G 6-Month Term Program. The company has developed its own Deal Tracker App (one of the first mobile apps in the Canadian private lending industry) for broker deal management. The Power Agent Loyalty Program provides tiered rewards including gift cards, vacation vouchers, and volume bonuses for brokers who fund deals with Ginkgo MIC.

Differentiator

Problem solved

Functional benefit

Brands

• Ginkgo MIC Deal Tracker App: Mobile application for brokers to manage deals, track power agent points, and contact solution advisors.

Products and services

• First Mortgage Primary mortgage product for Canadian borrowers unable to qualify at banks, offering up to 70% LTV with interest-only payments, rates starting at 7.75%-8.75%, fully open term, and a 1% lender fee.
• Second Mortgage Secondary mortgage product for Canadian borrowers offering up to 70% LTV with interest-only payments, rates from 10.5%-12.50%, fully open term, and a 2% lender fee.
• 1st & 2nd Mortgage Bundle Combined first and second mortgage bundle product offering up to 75% LTV with rates starting at 5.99%-7.19%, open after 3 months, interest-only payments, and fees starting from 1%.
• Bridge Financing Short-term bridge financing product offering up to 85% LTV with rates of 9.99%-11.99%, fully open term, interest-only payments, and flexible fees of $1,500 or 0.75%.
• HELOC 1st Home Equity Line of Credit in first position offering up to 75% LTV with rates of 7.75%-8.75%, fully open term, interest-only payments, fee starting from 1.60%, and a 25bps premium for rental properties.
• HELOC 2nd Home Equity Line of Credit in second position offering up to 70% LTV with rates of 10.5%-12.5%, fully open term, interest-only payments, and fee starting from 2.50%.
• No Docs Mortgage Mortgage product requiring no income documentation, with LTV up to 65% when Beacon Score >550, or LTV 65%-75% when Beacon Score >600. Maximum loan amounts of $600,000 for first mortgages and $250,000 for second mortgages.
• 6G - 6 Month Term Program 6-month open-term mortgage program with interest-payment-only terms, offering LTV options of 65% (1st at 6.75%), 75% (1st at 7.25%), and 70% (2nd at 11.25%). Power Agents receive 77.5% LTV at 7.50% with a 1.75% lender fee.
• Non-Resident Mortgage Program Mortgage product for non-residents including work permit and student visa holders, offering up to 65% LTV with rates of 9.25%-11.50%, fully open term, and fees starting from 1.5%. Only applicable for purchases made before December 31, 2022 under the Prohibition on the Purchase of Residential Property by Non-Canadians Act.

Quantifiable outcome

• 24-hour deal review turnaround
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered minor and core.

• Rotman School of ManagementminorStrategic or Co-development PartnerCollaboration with University of Toronto's Rotman School for MBA student competition on Integrated Marketing Communication strategy and AI-driven opportunities. $5,000 awarded across two winning teams ($3,000 first place, $2,000 second place).
• Second HarvestminorOthersCanada's largest food rescue organization. Ginkgo donated $100 for every funded mortgage from November-December 2025, providing 500 meals per $100. Raised $8,300 for 41,500 meals. Team volunteered at food packing event.
• Fundamental Research CorpcoreOthersIndependent research firm that provides analyst rating for Ginkgo MIC. Upgraded company to 2+ rating in 2025, among industry's highest ratings.
• Value Connect Inc.coreTechnology or IntegrationAppraisal ordering platform integration. Brokers can access approved appraisers and order appraisals through Value Connect's platform.
• 24 AppraisalcoreTechnology or IntegrationApproved appraiser covering Toronto, Durham, York, Peel, and Halton regions. One of the approved appraisal companies for Ginkgo's mortgage products.
• Home Value Inc. (HVI)coreTechnology or IntegrationApproved appraiser covering Toronto, York, Durham, Simcoe, Hamilton & Niagara regions.
• Reliable AppraisalcoreTechnology or IntegrationApproved appraiser covering Greater Toronto Area.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Romspen Investment Corporation: One of Canada's largest private mortgage funds, directly comparable to Ginkgo as a non-bank lender that pools investor capital to fund first and second mortgages across Canada. Operates with similar broker-distributed origination and conservative LTV discipline.

Broad incumbents

• Fairstone Bank (formerly Home Trust):
• Equitable Bank (EQB): Schedule I Canadian bank focused on alternative residential and commercial lending. Competes with Ginkgo on broker-distributed alternative mortgages but at much larger scale and as a regulated bank with deposit funding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ginkgomic
• LinkedInlinkedin.com/company/ginkgomic
• Instagraminstagram.com/ginkgomic
• Xx.com/ginkgomic

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Gingko MIC