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  • UNDERWRITING CRITERIA

    Operational Strategy

    Fund Information

    As a licensed mortgage administrator Structured Mortgage Investment Corporation is able to administer your mortgage investments, safely and prudently. We lend money only on completed residential owner occupied real estate. Our policy allows us to lend against Real Property only if we can reasonably be assured that we can be repaid if we have to realize on our security. Investors into Structured Mortgage Investment Corporation can invest either by way of Preferred Share Investment or by way of direct investment in the administered fund. For the Investor, we can

    1. place their funds into a mortgage directly, acting as mortgage administrator on a trustee basis, or
    2. issue preferred shares in the company itself, or
    3. place funds into a shared mortgage investment, spreading out the risk.

    At this point we are placing preferred shares with friends, family and close business associates only but we are in a position to receive unlimited funds for shared or direct mortgage investments under our license with the Financial Services Regulatory Authority of Ontario.

    For each of these three options we set out the criteria for investment into the funds. In all cases we assume that the investors are able to qualify themselves under the relevant provincial criteria.

    Direct Mortgage Investment
    As licensed administrators, we are able to service mortgages on a regulated basis. That means we can place your funds into any mortgage, based on your criteria or ours. While the risk remains the investors, we can help source and supervise any investments
    Supervised Mortgage Investment
    We are taking funds to invest into shared qualified investments. In this regard we offer subordinated fee guarantees up to our target yield for both registered and non-registed accounts.
    Mortgage Investment Corporation Preferred Share investments
    From close family, friends and business associates we are able to offer preferred share investors for both registered and non-registered accounts. We will be opening this to the public in the near future. For investors whom are interested, we can first bring them into our Supervised Mortgage Investment program and place them into the Preferred share investment as it opens up.
    What is a Mortgage Investment Corporation?
    A Mortgage Investment Corporation (MIC) is an audited public corporation that flows through 100% of its income without corporate level tax to its shareholders. Structured Mortgage Investment Corporation is both a Mortgage Investment Corporation as well as a Licensed Mortgage Administrator under the Financial Services Regulatory Authority of Ontario, Canada.

    How Your Investment In Structured Mortgage Investment Corporation Works

    If you are investing directly contact us for our information and forms. We process your funds and lend them out and begin paying our target yields on the first quarter end after your funds are received in the amount of our target yield. Tax information is forwarded yearly. For registered plans please contact us for all of the forms to be have the registered funds forwarded to our trustee, Computershare, for registered plans.

    What Are Our Lending Criteria And Who Do We Lend To?

    We lend to a diverse group of individuals, backed up with Residential property within or within commuting distance of Large Urban centers in Canada. Currently 100% of our loans are in Ontario and have a debt to equity ratio under 70 %.

    Our mortgages are secured by real estate within our linding criteria. All properties are appraised and inspected by us.

    Profile #1 Self-employed entrepreneur
    Entrepreneurs are the engines of our economy and we are proud to finance them. As they most often work for themselves, their mortgage needs don’t always fit in into the typical Banking profile, so they turn to alternate lending sources such as ourselves.
    Profile #2 Recent immigrants with little or no credit history
    Entrepreneurs are the engines of our economy and we are proud to finance them. As they most often work for themselves, their mortgage needs don’t always fit in into the typical Banking profile, so they turn to alternate lending sources such as ourselves.
    Profile #3 Equity Lending
    Entrepreneurs are the engines of our economy and we are proud to finance them. As they most often work for themselves, their mortgage needs don’t always fit in into the typical Banking profile, so they turn to alternate lending sources such as ourselves.

    Contact Us

    As licensed Mortgage Administrators we are able to look after all your mortgage investment needs.

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