Using a disciplined and active approach to mortgage investing, the IMC team has provided investors with attractive and stable income returns for over 25 years
IMC Limited Partnership – operating as Institutional Mortgage Capital (“IMC”) – is an independently owned investment fund manager and commercial mortgage lender, serving institutional and private wealth clients across Canada.
With a fully integrated lending platform, the IMC team has originated and closed more than $14 billion of commercial mortgages since 1998, providing real estate financing solutions across the capital structure and investing in all segments of the commercial mortgage market, including Core/Core+, opportunistic and CMHC. Our disciplined bottom-up investment process ensures that each mortgage investment is secured by high-quality real estate assets and supported by strong sponsorship.
The team’s extensive experience across all segments of the mortgage market, long-established strategic relationships, and strong structuring capabilities set IMC apart and have resulted in attractive and consistent income returns for investors.
Creative and innovative solutions for borrowers and investors
For investors, our objective is to generate attractive, reliable income with a focus on downside protection and capital preservation. For borrowers, we are committed to offering customized financing solutions and certainty of capital through an efficient and timely closing process.
Strong execution and implementation capabilities across all markets in Canada
The IMC team participates in all segments of the Canadian commercial real estate market, from primary markets to segments of the market that are less covered by other lenders.
$8.3B
originated for Core/Core+ Securitized Portfolios
$3.1B
originated for Core/Core+ Funds
$2.6B
originated for Real Estate Debt Funds
News & Insights
Stay up to date with the latest news, transactions, and thought leadership from IMC.
News
Fitch Ratings Re-Affirms IMS Limited Partnership’s CPS2- Commercial Primary Servicer Rating
March 18, 2024
We are pleased to announce that Fitch Ratings has re-affirmed IMS Limited Partnership’s Commercial Primary Servicer Rating of CPS 2-. This primary servicer rating reflects IMS’s demonstrated high performance in overall servicing ability, as well as the company’s highly experienced senior management, strong asset management capabilities, its servicing technology, and the company’s internal control environment.
News
Ken McKinnon joins Institutional Mortgage Capital as Senior Managing Director
May 9, 2023
Institutional Mortgage Capital (“IMC”) is pleased to announce that Ken McKinnon has joined the IMC team as Senior Managing Director and Equity Partner. Ken will be reporting to IMC’s CEO and Managing Partner, John Ho. As the newest member of the senior leadership team, Ken will be responsible for managing IMC’s relationships and capital raising activities for its growing debt and equity businesses. Ken will be a member of IMC’s investment committee and will work alongside Darren Schmidt and Bob Fitzpatrick, Senior Managing Directors and Equity Partners who are co-heads of IMC’s origination and portfolio management platform.
Ken McKinnon, joins IMC from TD Bank where he was the Head of Real Estate Corporate Banking at TD Securities since 2014. In total, Ken was with TD Bank Group for over 23 years and within the Real Estate Corporate and Investment Banking team for 18 years. At TDS, he was responsible for a team of over 20 professionals covering all sectors of the real estate space across Canada and the US. Ken and his team originated, advised and risk managed over $100B in debt transactions and actively built leading relationships with both large and small public and private real estate owners and operators across North America.
“We are very excited for the future of IMC” said John Ho. “The addition of Ken reinforces our commitment to building an organization that will provide best-in-class investment solutions to our clients for years to come.”
News
Fitch Ratings Re-Affirms IMS Limited Partnership’s CPS2- Commercial Primary Servicer Rating
March 22, 2023
We are pleased to announce that Fitch Ratings has re-affirmed IMS Limited Partnership’s commercial primary servicer rating of CPS 2-. This primary servicer rating reflects IMS’s demonstrated high performance in overall servicing ability, as well as the company’s highly experienced senior management, strong asset management capabilities, its servicing technology, and the company’s internal control environment.
News
Fitch Affirms IMS Limited Partnership’s CPS2- Commercial Primary Servicer Rating
February 25, 2022
We are pleased to announce that Fitch Ratings has affirmed IMS Limited Partnership’s commercial primary servicer rating of CPS 2-. This primary servicer rating reflects IMS’s demonstrated high performance in overall servicing ability, as well as the company’s highly experienced senior management, strong asset management capabilities, its servicing technology, and the company’s internal control environment.
News
IMC launches the open-ended Active Mortgage Fund
January 11, 2021
IMC is pleased to announce the launch of the open-ended Active Mortgage Fund (“AMF”). The AMF is a core/core+ mortgage fund which was converted from a closed-end fund to an open-ended fund, effective January 1st of this year.
Insights
Managing Commercial Mortgages Through a Market Disruption
June 1, 2020
Commercial mortgages can add significant value to investors’ portfolios by providing stable, reliable income and an enhanced yield relative to traditional fixed income investments.