KING CAPITAL
MORTGAGE INVESTMENT CORPORATION
King Capital Mortgage Investment Corporation is a Mortgage Investment Corporation established December 2016, to take advantage of the mortgage lending landscape. Mortgages are primarily first and second mortgages with interest only payments for a term of 1 year or less. Our principals collectively have more than 100 years’ experience within the Financial Services Industry including Private Lending, Real Estate Sales, Mortgage Brokering, Banking and Property Management.
For more information, please contact your licenced Dealing Reporesentaive. If you do not have a licenced Dealing Representative, please contact us and we will refer you to a local representative who can discuss our offering and applicable suitabilty.
Stats as at November 1st, 2023
INVESTOR INFORMATION:
| Minimum Investment | $5,000 |
| Share Price | $1.00/share |
| Target Yield | 8.00% per annum* |
| Redemption Notice | 60 days |
| Mortgage Manager | Regal Management Inc. |
MORTGAGE DISTRIBUTION:
83%
GREATER TORONTO AREA (GTA) & surrounding areas
12%
South Western Ontario
5%
Eastern Ontario & Other
PORTFOLIO OVERVIEW:
- Invest primarily in residential first and second mortgages
- Over 90% of the portfolio are owner-occupied homes
- Average mortgage loan amount is $442,776.33
- Average Fund Loan-to-Value (LTV) 59.90%
LOAN-TO-VALUE (LTV):
- . >75.1%
- . 65.1%-70%
- . >50%
- . >70.1%-75%
- . 50.1% - 65%
| Year | Dividend Rate* | Annualized Return |
|---|---|---|
| Nov 2017 - July 2023 | 0.666 | 8% |
| August 1, 2023 Dividend Increase | 0.6875 | 8.25% |
DISCLAIMER
This document is for general information purposes and not constitute a solicitation to buy or sell securities, nor shall it form the basis of an act as any inducement to enter into a contract or commitment. Any offerings of securities will be conducted using applicable provincial security offering documentation. Private Capital Market Securities are considered high risk and for qualified investors only. Investors must consult a registered dealing representative for product suitability. This document is provided for informational purposes only, you are notified that disclosing, copying, distributing, or taking any action in reliance on the contents of this information is strictly prohibited. We do not accept liability for content provided or any actions taken due to information provided unless subsequently confirmed in writing. No securities commission or any similar authority has in any way passed upon the merits of the securities offered herein and any representation to the contrary is an offence. Each prospective investor should consult its own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning this offering.
*Target rate not guaranteed, interest paid monthly. Dividend increase is based on current market conditions. Target rate will remain as base target rate.
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