Mortgage Investment Corporation in Ontario

BEDROCK MORTGAGE INVESTMENT CORPORATION is a well-established mortgage investment corporation (MIC) in Ontario. Like other MICs, it operates by raising funds from investors and using those funds to provide mortgages to borrowers. Here are some key aspects of BEDROCK MORTGAGE INVESTMENT CORPORATION:
- Investment Opportunities: BEDROCK MORTGAGE INVESTMENT CORPORATION offers investors the opportunity to participate in the mortgage market without directly owning physical properties. This allows for diversification and reduced exposure to individual property risks. Our minimum investment amount is $75,000.00.
- Mortgage Portfolio: BEDROCK MORTGAGE INVESTMENT CORPORATION maintains a carefully curated portfolio of mortgages. These mortgages can include residential mortgages, commercial mortgages, and construction loans. Presently, all our mortgages are only on residential properties. Our portfolio is currently 89.7% first mortgages and the remainder are second mortgages. Our average loan-to-value based on the appraisal done at the time of funding is 51% as of September 30, 2024.
- Income Distribution: One of the key attractions of investing in BEDROCK MORTGAGE INVESTMENT CORPORATION is its income distribution policy. MICs like BEDROCK MORTGAGE INVESTMENT CORPORATION are required to distribute a significant portion of their income to shareholders, which can result in consistent dividend payments to investors.
- Risk Management: BEDROCK MORTGAGE INVESTMENT CORPORATION employs risk management strategies to minimize losses and protect investors’ capital. This may include careful underwriting of mortgage applications and maintaining a diverse portfolio.
- Regulatory Compliance: MICs in Ontario are subject to regulations and oversight by the Ontario Securities Commission (OSC) and the Financial Services Regulatory Authority of Ontario (FSRA). BEDROCK MORTGAGE INVESTMENT CORPORATION complies with all relevant regulations to ensure investor protection.
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BEDROCK MORTGAGE INVESTMENT CORPORATION
Purpose and Function:
BEDROCK MORTGAGE INVESTMENT CORPORATION pools funds from various investors to provide financing for residential and commercial real estate projects. This financing is typically in the form of mortgages.
Investment Focus:
The corporation focuses on generating income for its investors through interest payments received from these mortgage loans. It targets properties and borrowers that may not qualify for traditional bank financing, often offering higher interest rates.
Income Distribution:
The income generated from these mortgage investments is distributed to investors, usually on a quarterly basis, providing a steady stream of income. The returns are distributed through direct deposits.
Risk and Returns:
While there are risks involved, such as defaults or changes in the real estate market, BEDROCK MORTGAGE INVESTMENT CORPORATION aims to offer attractive returns to investors. For 2024, the target rate was 7%, with recent quarterly returns exceeding this target.
Regulatory Compliance:
As an MIC in Canada, BEDROCK MORTGAGE INVESTMENT CORPORATION is regulated under the Income Tax Act (Canada). It must adhere to specific rules, including distributing most of its income to shareholders and investing primarily in mortgages. By investing in BEDROCK MORTGAGE INVESTMENT CORPORATION, investors gain exposure to the real estate market and receive regular income distributions, all while benefiting from the corporation’s expertise in mortgage lending and property investment.
Risk and Returns:
While there are risks involved, such as defaults or changes in the real estate market, BEDROCK MORTGAGE INVESTMENT CORPORATION aims to offer attractive returns to investors. For 2024, the target rate was 7.5%, with recent quarterly returns exceeding this target.
Regulatory Compliance:
As an MIC in Canada, BEDROCK MORTGAGE INVESTMENT CORPORATION is regulated under the Income Tax Act (Canada). It must adhere to specific rules, including distributing most of its income to shareholders and investing primarily in mortgages. By investing in BEDROCK MORTGAGE INVESTMENT CORPORATION, investors gain exposure to the real estate market and receive regular income distributions, all while benefiting from the corporation’s expertise in mortgage lending and property investment.