Residential Brokers

What rural centres does Magenta lend in?

Please contact our business development manager to learn more.

Does your “No Doc” product require a notice of assessment?

No. We don’t require any income verification. We are a property-first lender. Is the property typical for the neighbourhood and in a marketable area? If the answer is yes, then our No Doc product is a great solution!

Are there property types that are excluded

Properties with wood foundations

Properties on a flood plain

Properties on leased land

Remote rural properties

Properties outside the primary lending areas with a value of less than $150,000.00

Mobile homes

Remediated grow ops/meth labs

Properties with holding tanks

Properties on cisterns

Properties with a shared well

Farm land from which income is derived

Properties where the sole source of heat is an outdoor furnace

Log homes

Properties with any gas tanks or fuel storage

Properties that show an apparent lack of “pride of ownership”

What small centres does Magenta lend in?

Magenta funds real estate properties in the following small centres in Eastern and Southwestern Ontario:

EASTERN ONTARIO

Almonte
Arnprior
Bath
Carp
Chesterville
Clarence-Rockland
Embrun
Gananoque
Greely
Kemptville
Metcalfe
Napanee
Osgoode
Perth
Renfrew
Richmond
Russell
Smiths Falls
Wendover

SOUTHWESTERN

Acton
Arthur
Aylmer
Ayr
Baden
Binbrook
Delhi
Dorchester
Elmira
Elora
Exeter
Fergus
Forest
Grand Bend
Grimsby
Ingersoll
Kilworth
Listowel
Lucan
Milverton
Mt. Brydges
New Dundee
New Hamburg
Orangeville
Paris
Plattsville
Port Stanley
Rockwood
Saint George
Simcoe
Smithville
St. Thomas
Stratford
Strathroy
Tavistock
Tillsonburg
Waterford
Wellesley

What urban centres does Magenta lend in?

Magenta funds real estate properties in the following urban centres in Eastern and Southwestern Ontario:

EASTERN ONTARIO

Kingston, including :

• Amherstview

Ottawa, including :

• Avalon
• Barrhaven
• Bells Corners
• Carleton Place
• Chapel Hill South
• Fallingbrook
• Gloucester
• Kanata
• Manotick
• Nepean
• Orleans

SOUTHWESTERN ONTARIO

Brantford
Burlington
Cambridge
Georgetown
Guelph

Hamilton, including :

• Stoney Creek
• Dundas
• Ancaster
• Waterdown

Kitchener
London
Milton
Oakville
Waterloo
Woodstock

Where does Magenta lend?

Magenta funds real estate properties located in strong, stable urban markets where we have deep experience and understanding of property valuations, like Ottawa, Cambridge and Kitchener-Waterloo.