Metropointe MIC
By:
Metropointe Investment Corporation
Metropointe Mortgage Investment Corporation (MIC) manages a robust portfolio, focused on first mortgages for residential properties in British Columbia.
Location
British Columbia
Risk Profile
Low-Moderate
N/A
Min. investment
$25,000
Investment Strategy
Core Plus
ARR
8-11%
Horizon
Open-Ended Fund
Introduction
Metropointe MIC manages a portfolio valued at $65.73 million, with 42 mortgages averaging at values of $1.6 million each. Metropointe ensures diversification by capping individual borrower exposure at 15% of assets under management. The corporation places a strong emphasis on rigorous risk management, designed to safeguard its investments.
Key Reasons to invest
No Leverage Used
Metropointe MIC has yet to use leverage to enhance returns.
Registered Fund Eligible
Invest now with your TFSA, RRSP, RESP, FHSA, LIRA, RRIF, or LIRSP accounts!
Stable and Diverse Portfolio
Metropointe maintains a robust portfolio of well-vetted mortgages primarily focused on first mortgages on residential properties in British Columbia.
Proven Track Record
Metropointe's consistent track record of delivering stable, high returns speaks volumes about their proficiency, meticulous approach to investment management, and commitment to strategic decision-making, reassuring investors of their reliability and expertise in the market.
Project Overview
Metropointe MIC targets first mortgages on residential properties in British Columbia, with loan sizes typically ranging from $1 million to $2 million. Each mortgage is subject to a rigorous due diligence process, which includes independent appraisals to assess property value and ensure sound investment decisions. This thorough vetting process not only protects investor capital but also enhances the quality of the portfolio.
Metropointe’s commitment to risk management is further exemplified through its stringent compliance measures and regular renewal analyses. Each mortgage application undergoes a comprehensive review, aligning the corporation’s risk management strategy and ensuring that all terms remain favorable. Furthermore, Metropointe actively seeks third-party legal consultation when necessary, reinforcing its dedication to responsible lending practices.
By not utilizing leverage and avoiding loans to properties where directors or officers have interests, Metropointe maintains a conservative investment strategy, ensuring the integrity and security of its portfolio.
Location
Focusing exclusively on British Columbia, Metropointe MIC leverages the province’s dynamic real estate market to identify high-quality mortgage opportunities. This strategic focus allows the corporation to tap into a region known for its strong demand for residential properties.
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Developer Overview
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Metropointe Mortgage Investment Corp is a MIC based in British Columbia funding mortgages in urban centers across the province. They offer investors an opportunity to participate in a portfolio of well analyzed, highly qualified and diversified high yield mortgages, providing consistent annual returns averaging 8.45% annual return over the past 5 years.