First Circle Mortgage Investment Corporation – Yield Rises to Highest Level Since 2009
Highlights In FY2022 (ended September 2022), this company yielded 7.0% vs our estimate of 6.5%, up...
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Capital Direct I Income Trust – Robust Outlook for 2023 Amid Higher Rates
Highlights 2022 (9M) yield was 6.3% (beating our estimate by 12bps) vs 6.1% in 2021 (full-year)....
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Three Point Capital Corp. – Benefiting From Rising Demand for Alternative Lending
Highlights 2022 (9M) yield was 5.9% (in line with our estimate) vs 6.0% in 2021 (full- year). This...
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First Circle Mortgage Investment Corporation – Superior Yields from a Conservative Strategy – Initiating Coverage
Highlights This company is a Mortgage Investment Corporation (“MIC”) primarily focused on offering...
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Antrim Balanced Mortgage Fund Ltd. – Benefiting From Rising Demand for Alternative Lending
Highlights In FY2022 (year ended June 2022), mortgage receivables increased 23% YoY to $938M (the...
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