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.
The minimum investment amount required to participate in OSM Mortgage Investment Corporation (OSMMIC) is set at $100,000. This threshold is part of OSMMIC's first offering aimed at securing a diversified portfolio of mortgages, allowing investors to share in the returns generated from this pool of assets.
