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11-16-2017, 02:41 PM
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#1
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Need to Seek Professional Help
Join Date: Jun 2010
Location: Vancouver
Posts: 1,011
Thanked 528 Times in 187 Posts
Failed 79 Times in 22 Posts
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Anyone invested in a Mortgage Investment Corporation(MIC) before?
I'm looking for the pros and cons of investing in a MIC.
Anyone have any good or bad experiences with one?
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11-17-2017, 03:22 AM
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#2
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I keep RS good
Join Date: May 2001
Location: Cosmos
Posts: 28,736
Thanked 5,599 Times in 1,524 Posts
Failed 889 Times in 301 Posts
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Several people I know are with
Providus Mortgage Investment Corporation | Canadian MIC
their returns have been pretty consistent.
Quote:
WHAT’S YOUR TRACK RECORD AND LONGEVITY?
Providus MIC was launched in April of 2013. In our first year of operations we provided investors with an average return of 7.66% (annualized). This increased to 9.11% in 2014, and 10.02% in 2015.
Providus might be new, but the management team has been involved in lending markets for many years and annual returns to investors, net of fees, have always exceeded 7%. While we cannot guarantee future performance, we are confident in our ability to continue to achieve similar annual returns in the 7 – 11% range.
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11-17-2017, 12:19 PM
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#3
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I Will not Admit my Addiction to RS
Join Date: Oct 2002
Location: vancouver
Posts: 503
Thanked 71 Times in 22 Posts
Failed 91 Times in 14 Posts
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If your planning to invest in a MIC always read the Offer of Memorandum. It will tell you everything you will need to know and make sure that that are registered with BC Securities
If you have any other questions just pm me.
__________________
I never went to bed with an ugly woman, but I have woken up with a few!!
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11-19-2017, 03:54 PM
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#4
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I *heart* Revscene.net very Muchie
Join Date: Nov 2004
Location: vancouver
Posts: 3,873
Thanked 855 Times in 428 Posts
Failed 155 Times in 52 Posts
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my dad was just talking about this type of investment the other day with Dominion Lending I think it was??
getting about 7.75% return
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11-20-2017, 11:00 AM
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#5
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Need to Seek Professional Help
Join Date: Jun 2010
Location: Vancouver
Posts: 1,011
Thanked 528 Times in 187 Posts
Failed 79 Times in 22 Posts
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Thanks for the info yall! 
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