Mortgage Investment Corporation
Crossroads-DMD Mortgage Investment Corporation (MIC) is a Calgary-based firm that raises mortgage funds through an Offering Memorandum. When an Investor makes a deposit, Crossroads-DMD MIC invests the funds in a diversified portfolio of secured mortgages to homeowners, builders, renovators and developers.
Crossroads-DMD MIC was launched in May, 2001 and after a group of investors pooled funds to invest in real estate. The original investment fund included 20 investors and totaled $195,000. Crossroads-DMD MIC has since grown to include numerous investors and an MIC fund over $8.25 million in value.
Mortgage Investment Advantages
Mortgage investments offer many advantages, including a comparatively high rate of return and relatively low risk, due to the fact that real estate is pledged as security. As well, the fixed interest rate and payment schedule provides income and - as the fund grows in participants and the value liquidity and security.
Crossroads-DMD MIC strong returns and strong growth has attracted new attention and investors. So much so, that in 2007, Crossroads-DMD MIC issued its first Offering Memorandum as a means to meet growing demand for investment opportunities. The Offering Memorandum also allowed financial planners to market the investment.
Mortgage Brokers Welcome
Crossroads-DMD MIC accepts applications from mortgage brokers who are assisting borrowers in their financial structuring and securing financing. Crossroads-DMD MIC underwriting employs stringent research standards and careful due diligence, protecting investor money while ensuring a profitable investment. For more information on Crossroads-DMD MIC underwriting process refer to our Broker Guidlines.
Strong returns getting stronger
Crossroads-DMD MIC Offering Memorandum has been a resounding success and has lead to a growing base of investors, investment value and returns - earnings have maintained a steady pattern of growth from 10.39% in 2002 to 10.8% in 2007.
MIC advantages
Crossroads-DMD MIC is a flow-through investment vehicle, similar to an investment trust. Governed by the tax regulations of Section 130.1 of the Income Tax Act of Canada, it is stipulated that that all dividends paid to Crossroads-DMD MIC shareholders be treated as expenses for tax purposes. So long as Crossroads-DMD MIC pays all its net profit to its shareholders, Crossroads-DMD MIC (the corporation) is not taxed. This increases the yield paid to Crossroads-DMD MIC shareholders. If the same shareholders hold their Crossroads-DMD MIC shares within a registered savings plan (such as an RRSP, RRIF or Registered Pension Plan) the shareholder is able to defer taxes until the funds are removed from the plan.
For more information on Crossroads-DMD MIC, download the Offering Memorandum
If you have any questions about Crossroads-DMD MIC, or you would like investment information, please contact us.
