CareVest® Blended MIC Fund Inc. (“CV Blended MIC”) believes mid-tier lending markets may be under-serviced by the large financial institutions in Canada and there are attractive opportunities to underwrite well-structured, secure mortgage loans with attractive pricing. Accordingly, CV Blended 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.
CV Blended 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, CV Blended MIC will use the net subscription proceeds to invest in loans secured by mortgages relating to residential mortgages and commercial mortgages predominantly in Western Canada. Such investments will only occur in accordance with CV Blended MIC’s corporate investment guidelines.
CareVest® Blended MIC Fund Inc. is a connected issuer and may be considered a related issuer that is offered through CVC for investment to qualified individuals residing in Alberta and British Columbia.