A Mortgage Investment Corporation (MIC) is a type of investment and lending company in Canada that pools capital from investors to provide mortgages to borrowers. MICs invest in mortgage loans, offering investors a way to participate in the real estate market without directly buying property.
OSMMIC is targeting a return of +10% for its investors. Although a management fee of up to 2% can be charged, we are currently focused on growing the fund and maximizing our investors returns. The returns are supported by high-interest rates on 1st mortgages and penalties from borrowers, with potential for further increase through strategic leveraging and portfolio management.
OSMMIC investments are secure, offering a product that provides desired returns through conservative mortgages at low loan-to-value ratios, primarily backed by residential real estate in British Columbia. Our extensive experience in private lending and underwriting further ensures the safety and reliability of your investment.
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The Income Tax Act requires that 100% of a MIC’s annual net income, be distributed to its shareholders, in the form of a dividend. This dividend is taxed as interest income. You will be provided with a T5 at the end of February each year.
OSM Mortgage Investment Corporation (OSMMIC) is managed through investing in conservative mortgages at low loan-to-value ratios, primarily secured by residential real estate in British Columbia. This approach, coupled with the diversification of pooled mortgage assets and the expertise of a seasoned management team from One Stop Mortgage Corp., helps mitigate risk and ensure the security of investments.