A Mortgage Investment Corporation (MIC) is a special type of investment vehicle that allows individuals to pool their capital to invest in secured mortgage loans. MICs lend money to borrowers, usually individuals or businesses who may not qualify for traditional bank financing but have substantial real estate collateral. These loans can range from residential first and second mortgages to commercial bridge financing.

MICs are required to distribute 100% of their net income to investors annually, making them a strong option for income-focused portfolios. They are managed by mortgage professionals who handle loan origination, underwriting, collection, and asset management.

• Stable Income

  Monthly income from interest payments offers dependable cash flow

• Real Asset Backing

  Mortgages are secured against tangible real estate properties.

• Risk Mitigation Through Diversification

  MIC portfolios typically contain dozens or hundreds of small to mid-sized loans across property types and regions.

• Lower Sensitivity to Market Volatility

  MIC performance is primarily tied to real estate loan repayment, not the stock market

• Simple Tax Treatment

  MICs are pass-through entities in Canada—income is reported directly by investors

In the exempt market, MICs are available only to qualified investors through licensed dealers. These offerings provide an opportunity to earn a predictable income while minimizing exposure to public market volatility. Compared to traditional GICs or bonds, MICs may offer higher returns with similar or better security due to real estate collateral.

Many private MICs also have flexible redemption policies, semi-annual financial reporting, and performance audits. At Grandview Capital, all MICs undergo strict underwriting reviews, including borrower credit assessment, loan-to-value (LTV) limits, regional diversification, and exit timelines. This ensures our investors access professionally managed and risk-aware mortgage portfolios.