What Mortgage Company of Canada does

Capital Asset Lending Inc., operating under the Mortgage Company of Canada brand, is a privately held Canadian mortgage administrator and investment fund manager headquartered in Markham, Ontario. Established in 2009, the company positions itself as one of the largest licensed mortgage administrators of non-traditional residential mortgages in Canada, focused on single-family mortgages to prime borrowers secured by affordable entry-level residential real estate in urban areas. It operates two investment vehicles: Mortgage Company of Canada Inc. (MCOCI), structured as a Mortgage Investment Corporation with a portfolio of high-yielding primarily first mortgages to prime borrowers, and First Mortgage LP (FMLP), a Limited Partnership with a portfolio of exclusively first mortgages to prime and super-prime borrowers. Both funds target capital preservation and stable monthly returns for accredited investors as an alternative asset class uncorrelated to public markets.

The business operates through a bifurcated distribution model. Mortgage origination is conducted indirectly via a network of third-party mortgage brokers who deliver loan opportunities to Capital Asset Lending for underwriting and funding. Investment product distribution to accredited investors is intermediated by dealing representatives from Waverley Corporate Financial Services, with shares of MCOCI and units of FMLP offered under prospectus exemptions. The company holds Mortgage Administrator License (#11887) and Mortgage Brokerage License (#12558) in Canada, displays SOC certification (certificate 21972-312), and references a Better Business Bureau / Oppono lending certification on its public materials.

Revenue mechanics are not disclosed in the source material, but the business model is structured around earning management fees and net interest spread on the $1.2 Billion AUM portfolio as at April 30, 2026, with cumulative funding of $5.1 Billion across 11,288 mortgages since inception. Capital Asset Lending reports 11-50 employees and operates solely within Canada, with no disclosed funding rounds, acquisitions, AI/ML capabilities, patents, or international expansion. Customer concentration risk on the asset side is mitigated by the granular 11,288-mortgage book, while investor capital is distributed across accredited investors via the Waverley intermediated channel.

Name

Mortgage Company of Canada

Legal name

Capital Asset Lending Inc.

Website

https://mcoci.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Capital Asset Lending Inc., operating as Mortgage Company of Canada, is a Markham-based licensed mortgage administrator managing two investment funds (MCOCI and FMLP) that originate prime single-family residential mortgages in Canadian urban areas for accredited investors seeking alternative returns.

Ownership category

akta.pro rank

Product category

Mortgage Investment Corporation / Residential Mortgage Lending

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)

SIC

Mortgage Bankers & Loan Correspondents (6162), Investment Advice (6282)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

akta.pro secondary industry

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

Keywords

• Residential mortgage lending
• Mortgage investment corporation
• Alternative investment funds
• Entry-level housing finance
• Private mortgage administration

Headquarters

HQ city

Markham

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Interest Income: MCOCI operates as a Mortgage Investment Corporation (MIC) with a portfolio of high-yielding primarily first mortgages to prime borrowers. Revenue is generated through interest payments on the mortgage portfolio managed on behalf of investors.
2. First Mortgage LP Investment Returns: FMLP is a Limited Partnership with a portfolio of exclusively first mortgages to prime and super prime borrowers. Returns to investors come from interest income on the mortgage portfolio.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Capital Asset Lending Inc. manages two mortgage investment vehicles — Mortgage Company of Canada Inc. (MCOCI), a Mortgage Investment Corporation, and First Mortgage LP (FMLP), a Limited Partnership — that hold portfolios of single-family first mortgages to prime and super-prime borrowers secured by affordable entry-level residential real estate in urban Canada. Through third-party mortgage brokers, the firm originates mortgages to individuals and families, while MCOCI shares and FMLP units are offered to accredited investors as an alternative investment class uncorrelated to public markets.

Product overview

Capital Asset Lending manages two investment vehicles — Mortgage Company of Canada Inc. (MCOCI) and First Mortgage LP (FMLP) — providing accredited investors with access to professionally managed portfolios of high-yielding residential mortgages. MCOCI is structured as a Mortgage Investment Corporation offering primarily first mortgages to prime borrowers, while FMLP is a Limited Partnership focused exclusively on first mortgages to prime and super-prime borrowers. Both funds target affordable single-family residential real estate in urban areas and are designed to deliver stable monthly returns uncorrelated to public markets.

Differentiator

Problem solved

Functional benefit

Brands

• MCOCI (Mortgage Company of Canada Inc.): Mortgage Investment Corporation with a portfolio of high-yielding primarily first mortgages to prime borrowers
• FMLP (First Mortgage LP)

Products and services

• Mortgage Company of Canada Inc. (MCOCI) Mortgage Investment Corporation (MIC) vehicle managed by Capital Asset Lending Inc., holding a portfolio of high-yielding primarily first mortgages to prime borrowers secured by affordable entry-level residential real estate in urban Canada. Shares of MCOCI are offered to accredited investors under Canadian prospectus exemptions as an alternative investment class uncorrelated to public markets, with a strategy focused on capital preservation and stable monthly returns.
• First Mortgage LP (FMLP) Limited Partnership vehicle managed by Capital Asset Lending Inc., holding a portfolio of exclusively first mortgages to prime and super-prime borrowers secured by affordable single-family residential real estate in urban Canada. Units of FMLP are offered to accredited investors under Canadian prospectus exemptions to provide professionally managed mortgage-portfolio exposure with monthly distributions and capital preservation as the investment strategy.

Quantifiable outcome

• $1.2 Billion Assets Under Management
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Waverley Corporate Financial ServicescoreChannel Partner/ Reseller/ DistributorDealing representatives from Waverley Corporate Financial Services facilitate investor inquiries and distribution of MCOCI shares and FMLP units to accredited investors. Joel Abramson (VP of Investor Relations) and Dennis Dang (Investor Relations Manager) serve as contact points for investor inquiries through Waverley.
• CMHC (Canada Mortgage and Housing Corporation)minorOthersReferenced as a resource link for borrowers and investors on the Capital Asset Lending website. CMHC is Canada's national housing agency providing mortgage loan insurance and housing programs.

Scale indicators4 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Trez Capital: Canadian private mortgage investment manager with multiple mortgage funds offering accredited investors exposure to residential mortgage portfolios — comparable manager-plus-funds platform.
• MCAN Mortgage Corporation: TSX-listed Canadian Mortgage Investment Corporation that invests in a portfolio of single-family residential mortgages across Canada — the closest publicly traded analog to MCOCI in structure, strategy, and target borrower.
• Romspen Investment Corporation: Canadian private mortgage investment fund that pools accredited-investor capital into a portfolio of mortgages, including residential — the closest private-market structural analog to MCOCI and FMLP.
• Timbercreek Mortgage Investment Corporation: TSX-listed Canadian MIC offering a diversified portfolio of residential mortgage investments with monthly distributions to unitholders, directly comparable to the MCOCI/FMLP investor proposition.
• Atrium Mortgage Investment Corporation: TSX-listed Canadian MIC focused on residential first mortgages concentrated in urban markets, with a similar prime-borrower, conservative-LTV investment thesis to MCOCI.
• Firm Capital Mortgage Investment Corporation: TSX-listed Canadian MIC focused on short-duration residential mortgage investments, mirroring the mortgage-investment-vehicle business model used by Capital Asset Lending for its MIC and LP funds.

Broad incumbents

• First National Financial Corporation: Canadian mortgage origination and servicing franchise serving brokers across Canada — operates at larger scale than Capital Asset Lending and shares the broker-channel origination model.
• Equitable Bank (Equitable Group Inc.): Canadian Schedule I bank specializing in alternative residential and commercial mortgages, including single-family products — a larger, deposit-funded incumbent operating in the same segment as Capital Asset Lending.
• Fairstone Bank (formerly Home Trust Company): Canadian bank specializing in alternative residential mortgages, including insured and uninsured single-family products — historically one of the closest large-cap competitors in the non-prime/alternative mortgage space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Mortgage Company of Canada