WHAT’S A MIC?Simplified real estate
investing.
Investments to build
your legacy.
INVESTING YOU CAN COUNT ON
You’ve heard the saying, “make your money work for you.” Well, with a Mortgage Investment Corporation (MIC), your money works for you and it works to help other people in your community.
A MIC is a type of alternative lender where investors pool capital, which is then lent to borrowers to purchase residential or commercial real estate. Borrowers, whom traditional banks may turn away due to strict lending policies, are able to purchase property. The payments borrowers make to their mortgages generates income for investors through receipt of dividends from these mortgage payments. Mortgage Investment Corporations are a type of investment strategy offering investments into diversified mortgage portfolios, which aim to generate consistent returns while also helping your community prosper.
HOW DOES A MIC WORK?
Growth and stability—
all in one investment.
Mortgage Investment Corporations allow you, the investor, to diversify your portfolio by investing into a fund made up of a pool of mortgages. Capitalizing on securing your investment through mortgages tied to both residential and commercial real estate, dividends are generated for investors without the challenges of direct property ownership.
- MORTGAGES ARE SECURED BY TANGIBLE REAL ESTATE
- OFFERS CASH FLOW STABILITY
- OUR INVESTORS BENEFIT FROM A DIVERSIFIED PORTFOLIO OF MORTGAGES
- DIVERSIFICATION FROM TRADITIONAL INVESTMENT PRODUCTS
- ABILITY TO INVEST VIA REGISTERED AND NON-REGISTERED ACCOUNTS
Our Funds
MortEq Fund
Since 2006, MortEq Lending Corp has loaned mortgages for both residential and commercial real estate. MortEq currently lends in British Columbia, Ontario, and Alberta and seeks to generate rates of return of 6.5 to 10% (net of management fee) for investors.
Oakhill Fund
Since 2021, Oakhill Lending Corp has loaned mortgages for both residential and commercial real estate. Oakhill currently lends in British Columbia, Ontario, and Alberta. Oakhill seeks to generate rates of return of 10 to 14% (net of management fee) for accredited investors.
Frequently Asked Questions Clear answers, straightforward solutions.
Mortgage Investment Corporations pool funds from investors. These funds are loaned to qualified borrowers in the form of mortgages and secured by residential or commercial real estate. The Mortgage Investment Corporation pays investors dividends from interest and fees earned on the pool of mortgages.
Investing in a MIC allows investors to diversify their portfolio, as well as take advantage of the relative security and stability of real estate investing without having to personally own property.
Mortgages loaned by the MIC are secured by commercial and residential real estate property. We take our mortgage investments’ security seriously as demonstrated by rigorous borrower due diligence and underwriting practices. Our underwriters are highly experienced, our borrowers are thoroughly vetted, and as part of our agreement with our borrowers, we are on the title of every property (until the mortgage is paid off).
To invest in a MIC, you can use non-registered personal or corporate funds and registered personal funds via RRSPs, RRIFs, TFSAs, RESPs, LIRAs, LIFs, and FHSAs.
Investing in a MIC can provide stability, though it is important to be aware that fluctuations within the Canadian real estate market can affect your investment. At PHL our approach emphasizes shorter-term mortgage structures and clearly defined exit strategies designed to help navigate market fluctuations.
Here at PHL through our MortEq and Oakhill funds, we invest in both residential and commercial real estate in our target markets. Interested? For more information, please see our Lending Guidelines.