Mortgage Investing Made Easy
About CMI MIC Funds
At CMI, your financial growth is our top priority. We’re dedicated to providing you with professionally-managed mortgage portfolio solutions that focus on capital preservation and sustainable returns. Our strong track record of success stems from deep mortgage industry expertise, access to high-quality mortgages, and an award-winning team of mortgage and investment experts. CMI’s expert team carefully evaluates, selects, and manages mortgages within our three distinct MIC portfolios, ensuring diversified opportunities that meet our many investors’ needs.
With over $2.5 billion in mortgage fundings since inception, CMI is an award-winning leader in the alternative lending and investment industries. Our rigorous due diligence standards in mortgage underwriting and analysis have helped us create a suite of MIC funds targeting distinct investor profiles. Each fund is comprised of mortgage assets backed by residential real estate in markets across Canada.
The CMI Story
Canadian Mortgages Inc (CMI) was founded in 2005 by Bryan Jaskolka as a traditional consumer mortgage brokerage. After the 2008 financial crisis, CMI responded to the increasing demand for private lending by pivoting the business model to meet the needs of mortgage brokers and their clients who could not get financing from traditional lenders, such as banks.
CMI expanded to serve investors and their growing need to generate competitive yields for their portfolios, creating our first investment division in 2011. Since then, CMI has become a leader in the Canadian non-bank financial services market, offering a broad range of mortgage investment products to a wide variety of investors.
In 2015, we launched our flagship MIC fund, the CMI Balanced Mortgage Fund. After the success of that fund, we expanded our offerings by creating two additional MIC options for investors. We launched the CMI MIC High-Yield Opportunity Fund in 2019 and the CMI MIC Prime Mortgage Fund in 2020. Each fund offers investors unique investment opportunities.
At CMI, we’re dedicated to helping our clients make the right investment decisions and providing mortgage investment solutions that deliver results.
Built on a Strong Foundation
Our Track Record is Based on Five Fundamental Principles
Prudent Investment Philosophy
Our priority is safeguarding your capital, which is why our investment strategy is based on lending short-term mortgages (6–24 months), and providing borrowers with “common sense” lending solutions.
With a focus on capital preservation and attractive, sustainable yields, our MICs invest in a pool of well-diversified residential mortgages given to qualified borrowers who, for various reasons, don’t qualify for traditional bank financing.
Consistent, Compelling Returns
At the core of our mortgage investment programs is a rigorous due diligence process and active management philosophy. This, coupled with our extensive experience in the mortgage industry, has allowed our MIC funds to become an attractive alternative to traditional fixed-income products.
Historically, the CMI MIC Funds – CMI MIC Prime Mortgage Fund, CMI MIC Balanced Mortgage Fund and CMI MIC High Yield Opportunity Fund – have delivered a net annual yield of between 7 – 11%.
Low Expense Ratios
You can feel confident knowing that all mortgage assets within the CMI MICs are sourced through our parent company, CMI, and managed in-house. This significantly reduces operating costs and lowers the expense ratio of our funds, resulting in lower fees for investors.
Smart Lending Practices
Our lending activity focuses on Canadian residential real estate markets with sound economic fundamentals.
Active Risk Mitigation Strategy
Our primary focus is capital preservation through a comprehensive risk mitigation strategy. To do this, we focus on:
- Investing in high-growth residential real estate markets across Canada.
- Maintaining a diversified pool of mortgages, with no single mortgage exceeding 10% of the book value of the fund.
- Adhering to strict mortgage origination guidelines backed by our experienced underwriters who carefully assess each property’s liquidity, equity growth projections and the ability of the borrower to service the debt.
- Following conservative residential property valuations, provided by an experienced team of third-party professional appraisers. This helps to lower the volatility in property values.
- Retaining an appropriate amount of cash within each fund to service investor redemptions.
- Adhering to strict mortgage origination guidelines backed by our experienced underwriters who carefully assess each property’s liquidity, equity growth projections and the ability of the borrower to service the debt.
- Following conservative residential property valuations, provided by an experienced team of third-party professional appraisers. This helps to lower the volatility in property values.
- Retaining an appropriate amount of cash within each fund to service investor redemptions.
Portfolios Designed for a Variety of Investment Objectives
Mortgage Investment Corporations, or MICs, are one of the easiest ways to gain direct exposure to the mortgage market. MIC funds are like mutual funds, but instead of stocks and bonds as the underlying assets, the funds are made up of carefully selected, high-quality residential mortgages. The funds produce income through the collection of interest and fees from borrowers.
CMI MIC Funds offer a suite of diversified, professionally managed mortgage portfolios, each geared to specific investment objectives and risk profiles, based on the security position and maximum weighted loan-to-value (LTV) of the underlying mortgages. Portfolios invest primarily in first and second residential mortgages in strong, sustainable urban real estate markets across Canada.
Managed by a team of experienced mortgage and investment professionals, these funds are well-diversified across geographic regions and mortgage types, all of which are backed by real estate security. Overhead and carrying costs are kept to a minimum to lower fees and maximize returns for investors.
As the fund manager, CMI is focused on achieving consistent, compelling returns through active and prudent investment management practices over the long term.
CMI offers three distinct MIC funds to meet the needs of investors.
CMI MIC Prime Mortgage Fund
Primarily first residential mortgages
Maximum weighted LTV of 65%
Targeted Annual Return of 6 – 7%
Learn MoreCMI MIC Balanced Mortgage Fund
Mix of first and second residential mortgages
Maximum weighted LTV of 75%
Targeted Annual Return of 8 – 9%
Learn MoreCMI MIC High Yield Opportunity Fund
Primarily second residential mortgages
Maximum weighted LTV of 85%
Targeted Annual Return of 10 – 11%
Learn MoreGet Started Today
Our knowledgeable Investment Professionals would be happy to answer any questions you have to help you get started with mortgage investing.
Choose CMI MIC Funds and gain exposure to one of Canada’s fastest growing alternative investments. Invest confidently in carefully selected, professionally managed mortgages.