Alta West Mortgage Capital Corporation is a privately owned company operating in Alberta since 1991. Our primary function in the financial market place is the placement of private and institutional investor’s funds in residential and commercial mortgages. We offer private investors the opportunity to buy individual mortgages, or partake in our group funds Mortgage Investment Corporations (MIC’s), AWM Diversified MIC, AWM Balanced MIC or First Place MIC.
- Mortgage Investments are secured by Equity in the mortgage property and we maintain a minimum 15% Equity on any mortgages placed.
- Current returns on 1st mortgages are 8%-10% and on 2nd mortgages 12%-24%.
- Mortgage investments with Alta West Mortgage Capital Corporation, or its associated MIC’s, qualify for RRSP placement.
- Our mortgage placements cover a broader range of borrower situations than Banks or Trust Companies which enables us to attain a higher rate of interest. We finance poor credit, business-for-self, undeclared income borrowers, bankruptcies and foreclosures as long as there is good “EQUITY” as security and cash flow to support payments. We also finance unconventional properties.
Mortgage placements only occur after inspections and/or appraisal of subject properties has taken place to establish proper market value of the security.
Should you have any questions, please contact us anytime.