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Mortgage Investing

We open the door for everyday people to invest directly in mortgages. Collect monthly high-yield returns for consistent, passive income.

Earn attractive rates across multiple borrowers and properties.

Select from funded, curated mortgages, spreading out your investment for reduced risk and balanced returns. Then, sit back while the money comes in.

Current Mortgage Inventory

Grade
Rate
Term Left
Property Use
Location
Available
A
Location
N/A Richmond Hill, Ontario
Security
third
Property Use
Owner occupied
Weighted LTV
50.21%
Credit Score
770
Morcado ID
JM79-A7CU-YH58
Rate
10.99%
Property Type
Detached
Renewal Date
September 11, 2024
Amount Available
$381,000.00 of $400,000.00
Owner Profile
Our borrower had secured approval for a refinance with TD Bank but encountered a hurdle due to personal tax arrears, which TD would not cover from the refinance proceeds. Seeking a solution, they approached us for a new third mortgage to address this issue. Positioned behind their existing first mortgage with First National and their HELOC with CIBC, our third mortgage enabled them to pay off the outstanding taxes in full. This crucial step will allow the TD refinance to happen. With a loan-to-value ratio of only 50.21%, the borrower's financial profile was strong. They have excellent credit, substantial net worth, and a successful business. The tax arrears stemmed from an audit, which revealed additional taxes owed despite their regular payments. Our financing solution provided the necessary flexibility to resolve the tax issue, paving the way for the borrower to finalize their refinancing with TD Bank.
A
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
$47,000.00 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.
A
Location
Glen Moir Bedford, Nova Scotia
Security
blanket
Property Use
Owner occupied
Weighted LTV
39.01%
Credit Score
683
Morcado ID
XPSU-R7LX-SJVJ
Rate
8.99%
Property Type
Apartment
Renewal Date
September 1, 2024
Amount Available
$418,000.00 of $433,000.00
Owner Profile
This borrower faced a timing challenge when purchasing a new home with a closing date of June 1st, while the sale of her current residence was not set to close until July 31st. With no mortgage on the property being sold, she didn’t need long-term financing for the new home. However, as a retiree, she lacked the income to qualify for an interim bank mortgage. Recognizing her strong financial position, with a weighted loan-to-value (LTV) of only 39.01% and a firm sale agreement on her current home, we stepped in to bridge the gap. We provided the necessary funds to close on the new home, ensuring she could secure her new residence without any delays. To ease her financial burden, we also held back sufficient funds to cover payments until the payout from the sale of her current home.
A
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
$93,819.04 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.
A
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
$38,927.04 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.
A
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
$61,978.59 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.
A
Location
N/A Mississauga, Ontario
Security
first
Property Use
Owner occupied
Weighted LTV
26.32%
Credit Score
668
Morcado ID
T6LF-HA6Z-XFHG
Rate
8.99%
Property Type
Apartment
Renewal Date
May 10, 2025
Amount Available
$90,000.00 of $150,000.00
Owner Profile
In March, our borrower put in an offer to purchase a condo. He was using a mortgage broker to help him obtain financing. The borrower submitted all the required documents to the broker, and the broker sent him a commitment and told him everything was fine. However, just three days before closing, his lawyer let him know that he still didn't have the financing paperwork from the lender. By the time he finally reached the broker, he was told the day before closing that the documents had not been sent to the lender and that they wouldn't be able to close in time. He reached out to one of our mortgage brokers and we were able to give him the financing he needed in time to close on the purchase. The borrower has excellent credit, significant down payment and the overall loan-to-value is very low.
A
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
$30,000.00 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.
A
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
$210,000.00 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.

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