Mortgage Investment Corporations have become the center of attention for Canadian investors. Due to the low-interest rates in the past few years, investors are keenly focused on the world of private mortgage Lending, or Mortgage Investment Corporations (MICs). These mortgage investment structures offer steady dividends and provide a diversified investment pool. MICs are primarily the capital pool that invests in private mortgages in Canada. These organizations do not pay income taxes, allowing them to disburse more earnings to the investors. In fact, part of the Income Tax Act section 130.1 states that they cannot retain their earnings. Usually, Mortgage Investment Corporations hold the majority of their assets in uninsured and high-yielding residential mortgages. These companies allow investors to secure their investment in real estate mortgages and give them high returns. MICs lend money to people who have been turned down by conventional housing mortgage companies, such as banks or credit unions. These companies are specially designed to lend mortgages (mainly residential) in Canada. One such company is M12 Mortgage Investment Corporation – a non-bank lender company that provides personalized private mortgage loans on high marketable commercial and residential properties. The company aims to provide mortgage lending facilities on properties whose financing cannot be processed by conventional banks or other institutions.
Mortgage Investment Corporations (MICs) are more secure than other private mortgage companies. When investors buy shares in a MIC, the corporation allows them to invest in a company, which provides a diversified pool of investments. Investors do not need to worry about frauds and defaulters. The shares are qualified under the Income Tax Act for RRIFs, RRSPs, RDSPs, TFSAs, or RESPs. A MIC’s portfolio includes everything from residential property to second mortgages to commercial mortgages.
The MICs do not keep the investors’ investment amount at risk. They investigate the property thoroughly before making any investment decision. Conventional banks ask the investors for 80% amount of the property value. Sometimes, the percentage is increased to 95%. However, MIC loan policy does not exceed the particular percentage, i.e., 60 to 85% of the property value. The best thing about MIC investment policy is that they provide better returns than conventional property mortgage investment. The return is generated between 6 to 9%. Some MIC investment plans hold the capital for one year, and some hold for a longer period, up to 10 years. The longer the period, the high amount of return.
Mortgage Investment Corporations (MICs) enable the investors to invest in the pool of mortgages, and the profits generated are provided to the shareholders as per their proportional interest. The companies secure the investment on real property with additional forms of security, including corporate and personal guarantees, agreements, and material contracts.
M12 Capital Mortgage Investment Corporation was founded on February 17, 2021, by George Moutsouroufis. It is a private mortgage investment company that provides housing loans for applicants who are not eligible for conventional banks due to low scores or other reasons. In addition, the investment company is the first choice of the investors who want to buy mortgage investment capital in order to earn high revenue. The founder of M12 Capital MIC, George Moutsouroufis, has more than 20 years of banking and mortgage management experience. The company offers a historical 9% annual return to its investors. The company provides lending opportunities on commercial and residential properties whose financing is not provided by conventional banks. Therefore, investors collaborate with M12 Capital MIC to participate in huge profit-generating mortgage investments.
M12 Capital MIC is a Mississauga, Ontario-based mortgage investment company that offers investment opportunities in a wide and large range of portfolios of Canadian mortgages. The company offers its mortgage services for both urban and suburban markets in Ontario. People working in the company have significant experience in mortgage lending, administration, and risk management, making this company the reputable choice for mortgage investors.
The company aims to secure the investment capital and provide steady dividends regularly. If the investors are not interested in dividends, the company increases their shares in the investment capital. Not just the investors but borrowers also like the mortgage lending policies of the company. M12 Capital MIC provides mortgage loans up to 85% on residential properties and 75% LTV on commercial projects. The lending percentage is higher than any conventional real estate mortgage services. Besides residential and commercial properties, M12 Capital MIC also offers farm mortgage lending and investment services.