This year Magenta celebrates its 25th anniversary, and we want to say thank you to all the investors, brokers and borrowers we have had the pleasure of working with since opening our doors in 1994.
Before we became one of Canada’s largest mortgage investment corporations, Magenta had its humble origins in the home basement of our CEO and founder Gavin Marshall in Perth, Ontario. Our first official company purchase was a used office chair, and our first employee was hired eight years later.
From the start, Magenta has focused on one thing above all else: providing excellent service for our investor, broker and borrower partners. Putting these relationships at the heart of Magenta has been key to our success: We’ve grown from $4 million in assets under management at the time our first employee was hired in 2002, to over $300 million AUM and 35 employees today.
“At the end of the day, it’s the service we’re providing that matters most – we don’t hold any patents or have an ore body in our backyard – so it’s important that we do what we say we’re going to do, to uphold our commitments in order to build trust in the relationships we have with our investor, broker and borrower partners,” said Marshall. “We look forward to growing and strengthening these relationships for years to come.”
Established in 1994, Magenta is one of Canada’s oldest and largest Mortgage Investment Corporations with current assets under administration exceeding $300 million. Magenta sources, underwrites and manages a portfolio of primarily residential first mortgages, secured by properties located in Eastern and Southwestern Ontario, two of the strongest, most recession-resistant real estate markets in the country. Magenta has a 25-year track record of generating superior returns for the shareholders.