Westboro Mortgage Investment Corporation (“Westboro MIC”) is a private lender providing residential and commercial mortgages to individuals and businesses in Ottawa & the Ottawa Valley, the Gatineau region and the Kingston & St. Lawrence Seaway area.
With over $128 million under management in 582 mortgages (as of May 31, 2016), investors have benefited from an average annual return of 7.8% in the last 3 years and more recently with interest rates at all-time lows, a return in 2015 of 7.6% net of all fees.
Why Consider the Westboro MIC
- A mortgage lender with a proven 11 year track record.
- Highly desirable territory – Ottawa/Gatineau region.
- Well diversified $128 million mortgage portfolio with 582 mortgages.
- Conservative lending approach produces a very low loan loss rate.
- Strong mortgage deal flow from over 125 regional mortgage broker relationships.
- Origination, renewal and other fee income flows directly to fund investors.