About Us
At EquityLine, we’re all about mortgages
The EquityLine Group, based in Richmond Hill, Ontario, Canada offers a full range of mortgage services through inter-related
corporations and third-party partners. Founded almost a decade ago, the Group has evolved to meet increasing demand for
our investor and borrower services.
EquityLine mortgage investment corporation
We established EquityLine Mortgage Investment Corporation (EquityLine MIC) to provide a more consistent source of mortgage funding for borrowers and contracted mortgage brokers.
EquityLine
Service Corp.
EquityLine Services Corp. manages EquityLine MIC through a management contract. The Manager sources, structures and manages mortgages on behalf of EquityLine MIC and other contracted entities. This includes evaluating projects, collecting payments from borrowers and, if required, executing enforcement proceedings. The Manager may charge lender fees directly to borrowers as compensation for its services.
EquityLine
Financial Corp.
EquityLine Financial Corp. is a privately held mortgage brokerage, operating in Ontario, Canada, that connects qualified borrowers with third-party mortgage providers.
EquityLine Financial Corp.
EquityLine Financial Corp. is a privately held mortgage brokerage, operating in Ontario, Canada, that connects qualified borrowers with third-party mortgage providers.
Meet our team
Our senior managers have decades of experience in real estate and mortgage financing and the right mix of vision and discipline to oversee a successful MIC that delivers income to investors, business growth to advisors, and borrowing solutions to homeowners. They are supported by a seasoned independent board that adds an important layer of governance and risk management to inform our strategic plans. Here are our key leaders.
Executive Team
Sergiy Shchavyelyev
President and Chief Executive Officer; Director
Sergiy Shchavyelyev currently serves as the CEO and Founder of the EquityLine Group of Companies, overseeing entities such as EquityLine Mortgage Investment Corp. (EquityLine MIC), EquityLine Financial, EquityLine Services Corp., EquityLine Real Estate Limited Partnership (REIT).
With extensive expertise in the real estate sector, Sergiy is a seasoned leader specializing in lending, development, and mortgage origination. His portfolio includes successfully executing multi-million-dollar transactions and subsequent redevelopment. Alongside the EquityLine Group of Companies, Sergiy holds partial ownership in a family-operated real estate enterprise, focusing on diverse projects ranging from residential and commercial developments to custom-built dwellings, apartment complexes, and large-scale commercial real estate ventures. Sergiy's cumulative involvement in real estate transactions surpasses a billion dollars. His academic qualifications include a Financial Accounting certificate from Harvard Business School. Actively engaged in professional associations, Sergiy is a member of esteemed organizations such as PCMA Canada (Private Capital Markets Association of Canada), ONMICA (Ontario Mortgage Investment Companies Association), and co-founder and member of CAMLA (Canadian Alternative Mortgage Lender Association).
Philip Douglas
Senior Vice President, Dealer Relations
Philip joined the Equityline Group in 2023 bringing close to 20 years of experience in the Asset Management industry. A well-connected Private Wealth professional in Canada with deep relationships with financial advisors, branch managers, Home Offices, Family Offices and Portfolio Managers.
Philip is a highly organized and process-oriented senior sales leader who is best known for consistently achieving goals through team collaboration. Focused on enhancing the client experience to create enduring relationships. Philip's experience includes Senior roles at 2 of Canada's Largest Mutual Fund Companies, One of Canada's largest ETF firms as well as leading a major US Alternative asset manager in the Canadian market. Philip holds professional accreditations, including Series 7 and CSC (Canadian Securities Course).
Sergiy Przhebelskyy
Vice President; Director
Sergiy Przhebelskyy brings a wealth of banking sector knowledge having spent time over seven years in the banking and financial sectors at TD and The National Bank of Canada. in 2014, Sergiy transitioned out of the traditional mortgage lending channels to the mortgage broker channel.
During this time, he gained experience and insights into alternative mortgage lending practices including private mortgage financing. He has completed more than $350 million dollars in residential mortgage transactions over his career as a mortgage specialist. Sergiy's ability to source and secure the best deals that match client's needs continues to win him high praise. At EquityLine MIC, Sergiy is involved in daily operations of underwriting, deal compliance, administration, and office management. He has an excellent knowledge of real estate sector, appraisals reports, mortgage structuring and funding processes.
EquityLine
Code of Conduct
We practice a strong code of business conduct that includes:
- Strict compliance with legislation and regulation
- Adherence to a conservative risk profile in both lending and investing
- A strong and active board which has a majority of independent directors, members of the board have significant experience in many areas of the financial services industry
Corporate Governance
EquityLine MIC’s Board of Directors approves and, through its committees, actively monitors all aspects of the business. The board and management believe that accountability and transparency increase shareholder confidence and have a positive impact on our business success.
Board Charter
Committee Charters
Each of the board’s three permanent committees are comprised of
independent directors.
Compensation Committee Charter
Corporate Governance Committee Charter
Review our quarterly and annual financial reports on the News and Reports page.
Professional Service Partners
The following organizations support our business activities.
Canada
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Auditor
Grant Thornton LLP
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Regulator
Financial Services Regulatory Authority of Ontario(FSRAO)
Ontario Securities Commission (OSC)
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Corporate Lawyers
Cassels Brock & Blackwell LLP
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Transfer Agent
SGGG Fund Services Inc.
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Registered Plan Trustee/Custodian
Computershare Trust Company of Canada (Registered Plan Trustee and Custodian)
Olympia Trust Company
(Registered Plan Trustee)
United States
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Corporate Lawyers
Cassels Brock & Blackwell LLP
Richards, Layton & Fingers, P.A.
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Industry dealers and exchanges
Industry memberships
The EquityLine Mortgage Investment Corporation is not a reporting issuer in any province or territory of Canada, and therefore the Series B and Series F Preferred Shares are subject to an indefinite hold period. They cannot be traded but they can be redeemed under the terms of our redemption policy as described in the Offering Memorandum. The Series B and Series F Preferred Shares are only available to qualified investors through licensed advisors.