About AP Capital
18+ Years Founded in 2007
$1.2B+ Mortgages Funded
1,700+ Shareholders
For nearly two decades, AP Capital Mortgage Fund has provided Canadian investors with mortgage-backed income and borrowers with flexible residential financing. As a Vancouver-based Mortgage Investment Corporation (MIC), we focus on short-term, secured lending on urban homes across Western Canada.
18+ Years Founded in 2007
$1.2B+ Mortgages Funded
1,700+ Shareholders
Our Story
AP Capital was born from a simple idea: give investors access to transparent, mortgage-backed
income while helping borrowers access financing that traditional lenders often can’t provide.
First investors join and the first mortgage is advanced
Welcomed the fund’s first external shareholders and funded the first mortgage, laying the foundation for AP Capital Mortgage Fund.
Investor equity exceeds $100M
Investor equity in AP Capital Mortgage Fund surpasses $100 million; marking a key milestone and reflecting sustained support from shareholders.
More than 18 years later….
More than 18 years later, AP Capital has welcomed over 1,700 shareholders and advanced thousands of mortgages through multiple interest rate and housing cycles.
AP Capital is launched
AP Capital Mortgage Fund is launched as a Mortgage Investment Corporation (MIC) focused on short-term, residential mortgages in Greater Vancouver.
The company rebrands to AP Capital MIC
The firm rebrands from Alta Pacific MIC to AP Capital MIC, reinforcing the focus on a single, income-oriented mortgage lending strategy.
Over $1B in mortgages funded
With its 2,352nd mortgage funded, AP Capital surpasses $1B in total mortgages advanced. Reflecting the durability of the investment process and continued engagement from investors and mortgage brokers.
AP Capital is launched
AP Capital Mortgage Fund is launched as a Mortgage Investment Corporation (MIC) focused on short-term, residential mortgages in Greater Vancouver.
First investors join and the first mortgage is advanced
Welcomed the fund’s first external shareholders and funded the first mortgage, laying the foundation for AP Capital Mortgage Fund.
The company rebrands to AP Capital MIC
The firm rebrands from Alta Pacific MIC to AP Capital MIC, reinforcing the focus on a single, income-oriented mortgage lending strategy.
Investor equity exceeds $100M
Investor equity in AP Capital Mortgage Fund surpasses $100 million; marking a key milestone and reflecting sustained support from shareholders.
Over $1B in mortgages funded
With its 2,352nd mortgage funded, AP Capital surpasses $1B in total mortgages advanced. Reflecting the durability of the investment process and continued engagement from investors and mortgage brokers.
More than 18 years later….
More than 18 years later, AP Capital has welcomed over 1,700 shareholders and advanced thousands of mortgages through multiple interest rate and housing cycles.
Leadership & Team
AP Capital is led by experienced operators who bring institutional insight, local market knowledge, and
long-standing relationships in lending and real estate. Together, they manage AP Capital Mortgage Fund
with a disciplined investment process and clear focus on risk management.
As co-founder and CEO, Ches brings over 25 years of experience in business building, capital raising, and mortgage fund management. He has led AP Capital since its inception in 2007 and served as President of the BC MIC Managers Association (2021–2023), helping shape industry governance across British Columbia.
Brad co-founded AP Capital in 2007 after years in mortgage origination and real estate investment. With deep expertise in lending strategy and deal structuring, he plays a lead role in sourcing and managing residential mortgage opportunities.
Terry brings nearly 20 years of experience in real estate operations, with a background that includes managing mortgage closings and running a leading conveyancing and property management firm. He joined AP Capital as a partner in 2021 after nearly a decade of close collaboration with the firm.
David Rose serves as Vice President, Business Development at AP Capital, where he plays a key role in fostering relationships and advancing growth initiatives. With a background as a professional golfer, he brings focus, discipline, and a results-driven approach that sets him apart.
Michael Chies is Vice President of Mortgage Lending and Head Underwriter at AP Capital. Since joining in 2019, he has led the Mortgage Department, bringing a background in prime residential lending and underwriting at a Schedule 1 Canadian bank. He studied Geography and Accounting at UBC.
Governance & Board Oversight
AP Capital operates within a layered governance framework designed to
protect investors and support disciplined lending.
Board of Directors
Key decisions are made within a structured governance framework. Built for consistency, scrutiny, and responsibility.
- Provides oversight of management and key business decisions
- Reviews risk management, capital allocation, and long-term planning
- Brings experience from lending, real estate, and business leadership
Independent Advisory Board
Alongside the Board of Directors, an Independent Advisory Board provides an additional layer of perspective and oversight.
- Offers independent insight on lending practices, risk, and governance
- Acts as a sounding board on strategy, policies, and major initiatives
- Enhances accountability to shareholders through diverse, external experience
Regulatory & Reporting
AP Capital operates within a regulatory and reporting framework designed to support transparency for both investors and borrowers.
- Registered as a Mortgage Investment Corporation under the Income Tax Act & regulated by the BC Securities Commission & the Canadian Investment Regulatory Organization
- Licensed Mortgage Broker with the BC Financial Services Authority
- Annual audited financials prepared by MNP LLP, with monthly portfolio reports available to shareholders
Empowering Innovation Through Partnerships
Ready to Take the Next Step?
Choose the path that fits you and we’ll take you to the right resources
Learn how the fund works and how to invest.
Access advisor-ready materials to support due diligence and client conversations.
For up-to-date portfolio statistics start with the fund overview
Everything brokers need to submit confidently: guidelines, process, and support
Careers at AP Capital
We look for experienced professionals who share our focus on disciplined investing and client service. There are no current openings, but future opportunities will be listed on this page as our firm continues to grow.
