Mortgage Investment Corporations (MICs) were created by the government of Canada to offer Canadian investors the opportunity to invest in Canada’s private mortgage markets. There are many ways 460 MIC is protected from undue risk.
460 MIC provides you with an opportunity to earn solid returns as a lender rather than as an owner of real estate. Through us, you gain access to the BC real estate mortgage market without having to purchase real estate at all. What’s more, every mortgage is backed by real property, right here in British Columbia.
Let 460 MIC do it all for you. Not only do we carefully evaluate every application before we decide to lend, but we manage the fund as well. There’s nothing for you to do except sit back and enjoy the benefits of mortgage investing, knowing that an impartial Board of Directors and a century of combined real estate and financial services experience stand behind every decision we make.
There’s strength in numbers. Any person can become a private lender, but at what risk? Limited by how much they can lend and exposed to too few deals at any one time, one person could never match the deal flow of 460 MIC. Our large pool of investors allows us to remain invested in multiple deals and a variety of projects at all times. This provides a level of diversification and risk mitigation that individuals simply cannot achieve on their own.
At 460 MIC, we work for you, our investor and shareholder. We believe in open and transparent communications. Each year, in addition to your dividend, you’ll receive our financial statement that is independently audited by Smythe LLP. We welcome all your questions. Please contact Lori O’Shea at info@460MIC.com or call her at 250-591-4601. Our toll-free number is 1-855-278-5924.