EquityLine New York Limited Partnership is a New York company affiliated with the EquityLine Group of Companies
Asset Allocation Model
Acquiring originated short-term mortgages (maximum 18 months) in New York, Texas and Florida
A balanced approach to investing, combining assured property management and rental income guarantees with short-term rental property investments.
Investing in select real estate joint-venture developments in New York, Texas and Florida
Equityline Group of Companies
EquityLine Mortgage Investment Corporation
EquityLine Mortgage Investment Corporation (EquityLine MIC) was established in 2018 to provide a more consistent source of mortgage funding for borrowers and contracted mortgage brokers. Additionally, EquityLine MIC provides private and public investors with the ability to participate in pools of mortgages. EquityLine MIC pays a monthly, flow-through dividend.
→$40 million CAD in assets under management as of June 30, 2023
→No foreclosures in the mortgage portfolio since inception
EquityLine Service Corp.
EquityLine Services Corp. (founded in 2018) manages EquityLine MIC via a management contract. As the manager of EquityLine MIC, it provides the sourcing, structuring, and management of mortgages on behalf of EquityLine MIC and other contracted mortgage-related entities. This includes evaluation of projects, collection of payments from borrowers, and, if required, enforcement proceedings. The manager may charge lender fees directly to borrowers as compensation for its services. The administrator entity under EquityLine Financial Corp. has been in business since 2014.
EquityLine NY Service Corp.
EquityLine NY Service Corp., founded in 2022, manages EquityLine NY via a management contract. EquityLine NY Service Corp. will provide similar management services as noted above by EquityLine Service Corp. for EquityLine MIC’s mortgage origination. It will also deal with sourcing, structuring of income-producing rental properties, and real estate development.
EquityLine SPV Limited Partnership
EquityLine Special Purpose Vehicle
Since September 2021, EquityLine MIC has had liquidity lines through a Special Purpose Vehicle (SPV) structure with a Schedule One Canadian chartered bank. The SPV accelerates growth in Assets Under Management (AUM) while mitigating debt risk. Under the SPV arrangement, EquityLine MIC can fund approximately 20% of a mortgage from its existing capital pool, which in turn will trigger an additional 80% funding contribution from the SPV at an interest rate of prime + 1.5%, without commission or distributions payable. Through this SPV structure, EquityLine MIC can leverage AUM growth by a factor of four to generate an attractive profit without assuming debt risk. EquityLine MIC initiated an initial $25 million CAD credit facility through the Canadian Schedule 1 bank, which increased to a $55 million CAD facility in Q4 2022.
EquityLine Financial Corp.
EquityLine Financial Corp. is a privately held mortgage brokerage operating in Ontario since 2014. The purpose of the brokerage is to connect qualified mortgagors with third-party mortgagees.