Business Description

Established in 2005, our flagship fund, First Circle Mortgage Investment Corporation, invests primarily in good quality residential first mortgages secured upon properties situated throughout Southwestern British Columbia. First Circle MIC’s lending policy is that the loan amount shall never exceed 75% of the appraised value of the secured property. As of June 30, 2022 the mortgage portfolio stands at $198 million, consisting of 265 mortgages and having an average loan to property value ratio of 54%.

Website https://www.firstcircle.ca/