Business Description
Metropointe Mortgage Investment Corporation, formed in 2011, is a Mortgage Investment Corporation (MIC) focused on offering short-term mortgages on residential properties in B.C. The yield increased from 7.0% in 2021, to 7.5% in 2022, and to 9.2% in Q3-2023, due to higher interest rates.
Website https://metmic.com/
FRC Analyst's Reports
| Metropointe Mortgage Investment Corporation – A Relatively Low-Risk B.C. Focused MIC – Initiating Coverage |
Sep. 25, 2023 |