Mortgage Investment Calgary – Why Us?
Sun Country Mortgage Investment Corporation (MIC) enables investors to pool their money and invest in real estate secured by mortgages.
Investors buy shares in Sun Country MIC which then invests the funds in a diversified portfolio of secured mortgages to homeowners, builders, renovators and developers.
Mortgage investments offer many advantages, including a comparatively high rate of return and relatively low risk, due to the fact real estate is pledged as security. Sun Country MIC's management is responsible for individual investment decisions, and for maintaining a diversified portfolio of mortgage loans. As well as being RRSP eligible, MICs pay 100% of net income - earned as interest on the mortgage loans - out to shareholders each year.
Mortgage management expertise: profitable and secure
Sun Country MIC's management expertise offers investors who may lack the expertise or investment capital required, the opportunity to enjoy the benefits of mortgage investing. Working in conjunction with affiliate CMS Real Estate Ltd., Sun Country MIC monitors all aspects of the MIC's operations. This includes sourcing the mortgages; making the lending decisions; negotiating the interest rate and terms and conditions most favourable to investors; and administering the mortgage portfolio.
Underwriting is handled by affiliate CMS Real Estate Ltd., which performs research and all due diligence. This includes carefully vetting all mortgage applications and determining applicant credit worthiness, risk and return potential.
Careful and concise, the underwriting process considers a property's appraised and assessed value; location; the condition of the property; the carrying costs if the loan goes into default; the legal costs to complete the foreclosure process; and the costs to rehabilitate and sell on the current market.
Sun Country MIC invests primarily in the following types of mortgages:
- Short-term Residential Mortgages – Primarily short-term mortgages (six months to two years) secured by residential real estate.
- Short-term Mortgage Construction Loans – Generally finance the construction of single family residential property and multi-family residential projects and/or commercial income-producing properties such as shopping centres, office and industrial buildings, term of six months to two years. In most cases, payment of advances on a construction loan is conditional upon the completion of various stages of construction.
- Short-term Mortgage Development Loans – Normally used to finance the acquisition of land and the installation and construction of roads, drainage and sewer systems, utilities and similar improvements. Generally, the term for these mortgages will range from six months to two years.
- Short-term and Intermediate-term Bridging Mortgage Loans – These three month to twelve-month loans are primarily made to allow an owner of a substantially completed income-producing property to obtain working capital for other business opportunities or to defer arranging long-term financing for a project in order to secure long-term mortgage terms at a later date
Highest Quality Service, Investment Returns
Sun Country MIC provides the highest quality of service, advice, and products to clients within Alberta and British Columbia.
Sun Country MIC's principal investment objective is to provide investors with sustainable income while preserving capital for distribution or re-investment. This is accomplished by careful research, effective management and investing in mortgages. Income primarily consists of interest received on the loans secured by the mortgages and lenders' fees.
For more information on Sun Country MIC,
you can download the Offering Memorandum.
If you have any questions about Sun Country MIC
or would like investment information, please contact us.
