Canadians have options when it comes to mortgage financing; chartered banks, mortgage finance companies (monolines), credit unions, trust companies, non-bank alternative lenders, and pure private lenders.
Here at AP Capital, we are a non-bank alternative lender and are structured as a mortgage investment corporation (or MIC as they are commonly called). Launched in 2007, AP Capital Mortgage Fund has advanced more than $840MM in mortgages to borrowers in Canada; over 2,000 mortgages since the fund’s inception. Our team is proud to work with many of Canada’s top mortgage brokers and licensed financial firms.
As a Canadian non-bank lender, we offer Western Canadian homebuyers and homeowners an alternative to Canada’s big banks, monoline, trust companies, or credit unions. Our mortgages provide short-term solutions to Canadians; secured primarily by residential real estate located in urban markets of Western Canada. The AP team manages the entire lifecycle of every mortgage in the fund’s portfolio; from underwriting, to monthly portfolio management, to collection at maturity.
For investors, AP Capital MIC is an investment chosen through financial advisors and investment firms. The private credit mortgage space is one that is appealing to many as it offers alternatives to traditional investment options. AP MIC is home to over 1,400 shareholders and has a 10-year average annual return of 7.61% (net of fees). In 2024, we are tracking above the 10-year average and paying a 8.05% p.a. monthly distribution to shareholders (the 167th consecutive monthly dividend was paid on February 1, 2024). Since inception we have incurred zero shareholder losses and an unchanged share value since 2007. Financial advisors and their clients appreciate the lack of volatility and steady returns. Of course, past performance does not guarantee future returns and AP’s mortgage fund may not be suitable for all investors. Speak to your licensed financial advisor.
- Mortgage brokers; we look forward to working with you and funding your deals.
- Investment advisors, Institutional Investors, Family Offices, and Exempt Market Dealers; let’s discuss how AP Capital might be a good option for you and your clients.
- Shareholders and investors; our deep appreciation for your unwavering support.
We look forward to meeting and speaking with you. Contact us here.
February 22, 2024 – AP Capital MIC Fast Facts – January 31, 2024
May 8, 2023 – AP Capital MIC Offering Memorandum April 30, 2023
All the links to all the socials online (AP Capital on Instagram, TikTok, LinkedIn, Facebook and more…)
Potential investors without a Financial Advisor (visit micinvesting.ca)