Our specialty is private financing. We are directly responsible for lending the private funds of Alta West Capital, AWM Balanced MIC, First Place MIC, AWM Diversified MIC, and several private lenders.
A Mortgage Investment Corporation (MIC) is a special designated investment vehicle by Revenue Canada which allows the corporation to payout all of its net yearly revenue as dividends without accruing income tax. The tax burden is passed on to its shareholders who are typically investors such as yourself. The main reason for investing in a MIC is that it is suitable for investors who have a limited amount of funds to invest and who do not have the time or interest in assuming the administrative responsibilities attached to running a mortgage portfolio.Read More