Diversify your portfolio with Canadian real estate
Mortgage Investment Corporations (“MICs”) are diversified pools of predominantly residential mortgages secured by real estate. Investors purchase shares in a MIC and receive a proportional interest in the fund’s portfolio and the income it generates. MICs are focused on providing a steady and consistent stream of income in order to offer the investor with a greater portfolio diversification.
Armada Mortgage Corporation
Armada Mortgage Corporation is registered as a MIC in British Columbia and is extra-provincially registered in Alberta and Ontario. Our company is audited annually, and our principal regulator is the BC Securities Commission. Our simple average rate of return since 2003 is 6.8%.
7.61% Net yield to investors for 2019

Geographic Location | # of Mortgages | 1st Mortgages | 2nd Mortgages | Total Values | Loan to Value |
Mainland BC | 110 | $15,756,195 | $6,530,883 | $22,287,078 | 46% |
Interior BC | 8 | $1,215,954 | $401,485 | $1,617,439 | 45% |
Van. Island | 6 | $2,067,198 | $100,106 | $2,167,304 | 54% |
Alberta | 6 | $977,510 | $141,203 | $1,118,713 | 57% |
Ontario | 38 | $8,669,241 | $1,381,956 | $10,051,197 | 49% |
Totals | 168 | $28,686,098 | $8,555,633 | $37,241,731 | 47% |
As of Dec 31, 2020 | Average Mortgage Size $221,666




Offering Memorandum
The offering Memorandum (“OM”) contains details regarding our MIC including our guidelines, progress, and outlook for our future investments.
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