Looking for a passive way to earn real estate dollars?
Say 'Hello' to mortgage money, monthly.
Invest directly in mortgages while we take care of the work. Access higher interest rates and collect easy returns — with no renters to manage or leaks to fix.
> 9.0%
Average Return Rate
$139M
Funded Mortgages
0
Losses to Date
Current Mortgage Inventory
Grade
Rate
Term Left
Property Use
Location
Available
Location
Central Vancouver Vancouver, British Columbia
Security
second
Property Use
Owner occupied
Weighted LTV
45.39%
Credit Score
664
Morcado ID
WW96-M3J8-YVUX
Rate
8.99%
Property Type
Apartment
Renewal Date
March 8, 2025
Amount Available
$35,550.00 of $100,000.00
Owner Profile
Since 2017, this borrower has been running a small business in Vancouver. When Covid-19 hit, she had to close temporarily, and it was tough because she wasn't making any money but still had to pay bills. Even though she faced a lot of debt, she didn't give up. She worked hard to reopen her business after the lockdown and started paying off what she owed. But the high interest rates on her loans were making it difficult.
Her plan is to first pay off all her debts, so she doesn't have to worry about high interest anymore. Then, she wants to put money back into her business to make it grow. She has good credit history and lots of equity in the property, so we gave her a one year loan to give her time to get her business back to maximum revenue.
By the end of the year, she hopes to either get a better loan from a bank or move to a smaller place without a mortgage.
Location
Evanston Calgary, Alberta
Security
second
Property Use
Owner occupied
Weighted LTV
68.96%
Credit Score
641
Morcado ID
5HB8-FT59-Z5LL
Rate
9.99%
Property Type
Detached
Renewal Date
April 2, 2025
Amount Available
$83,819.04 of $110,000.00
Owner Profile
Our borrowers attempted a business venture two years ago, which unfortunately did not succeed, resulting in accumulated debt. They have since decided to close the business and are now focused on settling their financial obligations.
Borrower 1 is currently employed in the food service industry while looking for work in his field. Borrower 2 is on maternity leave but will return to her previous job at a dental office within a year.
Their credit score is lower, but only due to credit utilization, they have always paid their debts on time. Once the debts are paid off from this loan, the credit score should improve considerably. Upon the borrower's return to full-time employment in his previous field, at a higher pay, they anticipate securing a new loan from a traditional financial institution to settle our loan.
We are offering them a one-year loan term with deferred payments, providing them with the necessary time to transition into more stable employment and secure refinancing.
Location
N/A Thamesford, Ontario
Security
blanket
Property Use
Owner occupied
Weighted LTV
73.38%
Credit Score
732
Morcado ID
ZCY2-99AB-RQ3Y
Rate
8.74%
Property Type
Detached
Renewal Date
October 11, 2024
Amount Available
$613,800.00 of $645,000.00
Owner Profile
Our borrowers purchased a new build two years ago, but as the possession date approached, their circumstances changed. Their elderly parents required care, prompting the borrowers to move in with them. They sold their primary residence in March to facilitate this move.
With rising interest rates, the cost of the new home became less appealing. Additionally, Borrower 2 was off work due to an illness and wasn't back full-time by the closing date, making it impossible to qualify for a bank mortgage.
To avoid losing their down payment and to benefit from the increased equity since their original purchase, they opted for an interim loan. This loan was secured against this new property and their existing rental property, with three months' payments held back. Their plan is to close on the new build, convert it to a rental property, and then either refinance once Borrower 2 returns to full-time work or sell it within the three-month term.
This strategy allows the borrowers to preserve their large deposit and capitalize on the property's appreciated value.
Location
N/A Scarborough, Ontario
Security
second
Property Use
Owner occupied
Weighted LTV
70.37%
Credit Score
689
Morcado ID
YZW3-FNPT-8VEP
Rate
9.99%
Property Type
Detached
Renewal Date
July 4, 2025
Amount Available
$33,379.88 of $104,000.00
Owner Profile
Our borrower faced an unexpected extension of her maternity leave due to health reasons, resulting in some accrued debt from the extra unpaid time off. Now back to work full-time, she and her partner are focused on consolidating their debt to improve their credit and qualify for a full refinance within the next year.
Both borrowers are employed at the bank and have maintained a perfect payment history. Their goal is to streamline their finances and boost their credit score, ensuring a smooth path to refinancing in the near future.
We provided them with a consolidation loan, offering a practical solution to manage their debt effectively. This move allows them to stabilize their financial situation, reduce their debt load, and enhance their credit profile, making them strong candidates for refinancing down the line.
Location
N/A Cochrane, Alberta
Security
second
Property Use
rental
Weighted LTV
57.10%
Credit Score
811
Morcado ID
VMY6-224G-EU7E
Rate
8.99%
Property Type
Apartment
Renewal Date
October 16, 2024
Amount Available
$18,927.04 of $212,000.00
Owner Profile
Our borrowers were looking to expand their investment portfolio, so they purchased a condominium with intentions to utilize it as a rental property. They currently co-own a single-family home, which is also a rental, because they are personally renting an apartment in Canmore to be closer to their new business. Because they recently purchased a business in Canmore, they did not have the required documents to qualify for traditional bank financing right away.
We offered the borrowers a loan that blankets both the new condo purchase and their existing single family home, giving us a loan-to-value ratio of under 60%. The business was already profitable prior to their ownership, and this trend has continued since their acquisition. The restaurant, a well-established dining destination in the area, further bolsters their financial prospects, instilling confidence in their ability to secure financing within the year.
With excellent credit, the borrowers are well-positioned to qualify for financing with an alternative lender before the end of the term of their loan.
Location
N/A Windsor, Ontario
Security
second
Property Use
Owner occupied
Weighted LTV
34.01%
Credit Score
619
Morcado ID
DCEP-MLW7-XZMY
Rate
8.99%
Property Type
Detached
Renewal Date
October 17, 2024
Amount Available
$1,978.59 of $121,000.00
Owner Profile
Our borrower sought a modest second mortgage to alleviate debts incurred while supporting her grandson's pursuit of a hockey career at a prestigious US college. While managing consumer debt, she chose to prioritize timely bill payments over property taxes for the past two years, opting to maintain financial stability.
Retired with pensions and government benefits, she initially considered refinancing into a single mortgage. However, recognizing the cost-effectiveness of her existing low-rate first mortgage, she opted for a six-month second mortgage, facilitating a timely transition to downsizing her current residence. With plans to sell and downsize within this timeframe, she aims for a smoother financial transition.
We provided a conservative second mortgage at less than 50% loan-to-value ratio, with held back payments, ensuring minimal stress during this period of change. Her financial metrics remain favorable, with consistent payment history and manageable ratios. Despite an average credit score attributed to utilization rather than payment history, she has ample resources to clear outstanding debts and secure a deposit for her next home.
Location
N/A Ajax, Ontario
Security
second
Property Use
Owner occupied
Weighted LTV
60.06%
Credit Score
759
Morcado ID
LUC2-EGXL-3HWE
Rate
8.99%
Property Type
Detached
Renewal Date
May 17, 2025
Amount Available
$20,000.00 of $42,000.00
Owner Profile
Our borrowers recently completed renovations on their home, but encountered an unexpected budget overrun. To cover the additional costs, they used credit cards, accumulating about $40,000 in high-interest debt. With their existing first mortgage not due for renewal for another year, they faced a large penalty if they tried to refinance now. With interest rates potentially dropping by next year, they believed that waiting for a full refinance would be more beneficial for them in the long run.
We offered the borrowers a small second mortgage in order to pay off the high rate credit cards with a one year term. Their credit is excellent and our loan-to-value is under 65%. They have good income and can easily manage this new loan until they can refinance their mortgages next year when the 1st mortgage comes up for renewal.
Location
N/A Etobicoke, Ontario
Security
second
Property Use
Owner occupied
Weighted LTV
29.41%
Credit Score
773
Morcado ID
5AD6-SXGB-ZB2C
Rate
8.99%
Property Type
Detached
Renewal Date
May 16, 2026
Amount Available
$110,127.84 of $300,000.00
Owner Profile
The borrower has been in construction for over 19 years. His mother got sick and he had to slow down work in order to care for her. She recently passed away and he decided it was time to retire, down size and be mortgage free. He has already done a few renovations on his home and wants to do a few more minor home improvements to ready his home for sale. His plan is to start searching for the right home, and once he finds it, list and sell his current home. He was looking for a two year term to give him plenty of time to find the right property. He has excellent credit and our loan to value is under 30%. We held back 2 years payments so he doesn't have to worry about making payments on the new loan.
Easy to invest. Use cash — or your RRSP, TFSA, or LIRA accounts.
You have options. Provide cash or transfer funds to a registered savings account with Morcado and start investing. You can decide where your monthly returns are deposited.
Get started with $10,000.
The sooner you start, the sooner you can access attractive rates and stable returns — becoming the lender to 'make bank' while we take care of the details.
Absolutely no trading fees.
You read that right. Unlimited, commission-free mortgage purchases, inside your registered investment account or out. Low annual fees — with no surprises.
For a limited time, we are waiving all account fees for the first year. And all annual fees with a minimum $100,000 invested.
See fee schedule
Welcome to high-yield mortgage income.
Morcado Trust's innovative mortgage platform makes investing in mortgages more accessible and attractive for everyday investors — providing passive income returns to use how you wish.
We've taken our years of experience, stellar mortgage track record, and access to high-yield mortgage loans and opened it up for Canadians like you to take advantage of higher return rates compared to GICs or some MICs.
Mortgages available through Morcado can be an appealing choice if you're seeking interest income through real estate investing that comes without the landlord hassle. Direct mortgage investment can be a great way to complement your existing financial strategy, especially for medium-term goals.
Well, hello, money in your account monthly.
(While we take care of the behind-the-mortgage details.)
The key benefits of Morcado's direct mortgage investment platform:
- Higher returns than traditional mortgages. High-yield mortgage products are used by many Canadian homeowners and can offer higher rates for your investment dollars.
- More cash. We help you 'become' the lender for potentially less fees and more 'interest rate' in your pocket compared to other real-estate-based investments, such as some pooled MICs.
- Less stress. No properties or renter to manage. Fully funded and vetted, we don't offer a mortgage until it's put through our stringent process — over and above what it was subjected to for lender approval. All you have to do is build your mortgage portfolio based on your risk-reward preference.
- Better control. The rate you see on our platform is the return rate you get for that mortgage.
- Monthly payments. Your returns are typically set for the duration of the mortgages selected.
- Spend your passive income, or save it. Whether you invest through a registered savings account or a non-registered account, you can decide to use your returns or let them build up in your tax-sheltered vehicle.
- Hands free. We collect the mortgage payments, connect with the borrower, and manage the admin for you.
Disclaimer: Mortgage investment, like any investment, comes with certain risks. Learn more
Start earning passive income today.
Book a time that works for you. A Mortgage Investment Advisor will help you set up your account.
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