Kuber MIC Surpasses $500 Million in Funded Mortgages Milestone
Kuber Mortgage Investment Corporation, a rapidly growing alternative mortgage lender in Canada, has achieved a significant milestone by surpassing $500 million in funded mortgages since its inception in 2016. This accomplishment reflects the company’s unwavering commitment to providing exceptional client experiences and delivering flexible, personalized lending solutions to a diverse range of borrowers.
Sutha Kunam, President and CEO of Kuber, emphasized the importance of this milestone, stating that it is a testament to the hard work and dedication of the entire team. “Our mission has always been to deliver flexible and personalized lending solutions to a diverse range of borrowers, and we are proud to see this milestone recognize our success in doing just that,” he said.
Kuber’s approach to lending is centered around understanding the unique needs and circumstances of each client. The company strives to provide tailor-made solutions that align with individual circumstances, ensuring that access to financing options is available to everyone. This commitment to personalized lending has been a key factor in Kuber’s success and growth.
In addition to its focus on borrowers, Kuber also prioritizes the interests of its investors and partners. The company is devoted to offering compelling and high-quality real estate-backed alternative investment products. Establishing trust and cultivating strong relationships with stakeholders is an integral part of Kuber’s corporate identity.
Kuber’s business model is designed to provide investors with a unique opportunity to invest in a diversified pool of sustainable mortgages, concentrated mainly in the Greater Toronto Area. The company’s mortgage investment corporation (MIC) structure allows investors to participate in mortgage investments without needing extensive expertise, time, energy, or investment capital. This model has proven attractive to investors seeking above-average returns and a secured investment vehicle.
The company’s MIC is managed by Square Capital Management Inc., a licensed Mortgage Brokerage regulated by the Financial Services Regulatory Authority of Ontario and governed by the Mortgage Brokerages, Lenders and Administrators Act (MBLAA). This regulatory framework ensures that Kuber operates with transparency and accountability, providing investors with confidence in their investment decisions.
Kuber’s achievement of surpassing $500 million in funded mortgages is a significant milestone that underscores the company’s commitment to its mission and its ability to deliver on its promises. As the company looks to the future, it is excited about the opportunities for continued growth and expansion. With its focus on personalized lending, diversified investment opportunities, and strong stakeholder relationships, Kuber is well-positioned to continue its success in the alternative mortgage lending market.
The company’s success is also reflected in its balanced mortgage fund, which includes first and second mortgages across commercial and residential real estate types. This diversification helps mitigate risk for investors, who own shares of a diversified portfolio of mortgage loans. Additionally, Kuber’s investment products are eligible for deferred income plans, including Registered Retirement Savings Plans (RRSP), Tax-Free Savings Accounts (TFSA), Registered Retirement Income Funds (RRIF), Registered Education Savings Plans (RESP), Locked-In Retirement Accounts (LIRA), Life Income Funds (LIF), Registered Disability Savings Plans (RDSP), and Deferred Profit Sharing Plans (DPSP).
Overall, Kuber’s achievement of surpassing $500 million in funded mortgages is a testament to its commitment to delivering flexible and personalized lending solutions and providing high-quality investment opportunities. As the company continues to grow and expand, it remains dedicated to its mission and to serving the needs of its clients and stakeholders.
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