The partners started AP Capital due to the lack of opportunities for individual investors to invest in institutional grade investment product in the private real estate market.
In 2007 the partners started a MIC, AP Capital Mortgage Investment Corporation, in Western Canada. Over the years this fund has provided consistent, above market returns to more than a thousand investors. Due to the increasingly tightening of underwriting by the conventional banks there is a continuing growing niche for residential focused private mortgage funds. Alta Pacific Mortgage Investment Corp. was renamed AP Capital Mortgage Investment Corp in 2015.