GIAVEST Mortgage Investment Corporation
Giavest Mortgage Investment Corporation (“Giavest MIC”) believes that the mid-tier lending markets may be under-serviced by the large financial institutions in Canada and that there are attractive opportunities to underwrite well-structured, secure mortgage loans with attractive pricing.
- Targeted yields of 5.75%-6.65%* per annum – Class C shares
- Monthly distributions anticipated
Accordingly, Giavest MIC believes that the mid-tier lending markets may present a significant opportunity for short-term, customized loans to experienced borrowers who often require faster execution and more flexible terms. Typical loan size ranges from $250,000 to $2,000,000 but may be significantly smaller or larger in some cases and typical loan terms are from 12 to 24 months in duration.
Giavest MIC has been created to acquire and maintain a portfolio of mortgages that preserves capital and generates returns in order to pay distributions to shareholders. To achieve this investment objective, Giavest MIC will use the net subscription proceeds to invest principally in loans secured by mortgages relating to residential mortgages and commercial mortgages predominantly in Western Canada. Such investments will only occur in accordance with Giavest MIC’s investment guidelines.
Giavest™ Mortgage Investment Corporation is a connected issuer and may be considered a related issuer of CVC that is offered through CVC for investment to qualified individuals residing in Alberta and British Columbia.
Target Yields of 5.75%-6.65%*
For more information about Giavest MIC please review the items below:
Giavest Mortgage Investment Corporation Offering Memorandum
Click here to read the Offering Memorandum
Giavest Mortgage Investment Corporation Fact Sheet Class A Shares
Click here to read the Fact Sheet
Giavest Mortgage Investment Corporation Fact Sheet Class C Shares
Click here to read the Fact Sheet
The above investment is only directed to residents of Alberta or British Columbia.
*Targeted yields of 5.75%-6.65% paid to investors per annum on Class C Shares, net of Giavest MIC’s fees and expenses, per offering memorandum of March 24, 2020. Assumes that Giavest MIC is able to invest in mortgages with interest rates charged to the borrower in the range of 8.00% – 9.00% per annum, with 90% investment efficiency, less 1.10% per annum manager fee (Class C shares), 0.15% per annum mortgage broker fee and estimated general and administrative expense of 0.20% per annum.
This is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase any security. Any offerings of securities will be conducted in specified jurisdictions using offering documentation prepared in accordance with applicable law. You should read those offering documents before making any investment decision as they will contain required disclosure regarding the offering terms, risks, conflicts of interest, forward-looking information and other disclosure relevant to making an investment decision. All information provided herein is subject in its entirety to the information provided in the applicable offering memorandum. Investment opportunities available through CVC, an exempt market dealer registered in Alberta and British Columbia, are only suitable for investors who are qualified to purchase the securities, are familiar with, and have the ability and willingness to accept the high risk associated with private investments. Targeted yields are forward-looking statements involving known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially. The targeted yields are not guaranteed and should not be unduly relied upon. Neither CVC nor the issuer undertakes any obligation to update or revise any forward-looking statement, except as required by applicable securities law. Past performance is no guarantee of future performance and prospective investors should consult with their legal and financial advisors prior to investing.