Ottawa Real Estate Investors Organization

Folks,
This just came across my plate. If you are interested please use their contact info at the bottom. I can answer general questions here in the forum if need be.

I would view this as one "leg" or investment strategy for your "table" or total real estate investment portfolio.

Assaly MIC is planning on an information session coming up in the new year. Date/time TBA.

As always, do your own due diligence. Compare with other MICs. MICs are not new, this is generally where private money lenders draw their funds from.

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The Assaly Group of Companies
Announcing The Assaly Mortgage Investment Corporation (MIC)
Investing in a MIC
What is a MIC?
Investors pool their money by buying shares in a company called a Mortgage Investment
Corporation (MIC). MICs are special companies created by virtue of Section 130.1 of the Income
Tax Act, a federal statute, to enable investors to invest in a pool of mortgages. It is a “private” mortgage
fund. It is funded by an individual investor, group of investors, or private corporate entity, instead
of a bank or other institutional lender.
How Safe is a MIC?
The legal status of any mortgage is the same regardless of who the mortgage
holder, or mortgagee is. Private mortgagees have the same legal security in a mortgage as banks and
other institutional lenders. The legal obligations of the borrower, or mortgagor, and the legal remedies
available to the mortgagee, are identical. Mortgages offer high rates of return, relatively low risk by virtue
of the real estate pledged as security, and the borrower’s personal covenant, and regular income, at
a fixed interest rate.
What are the Benefits of a MIC?
Mortgage Investment Corporations represent a very attractive investment
vehicle for those investors who wish to reap the benefits of mortgage investing, but who may
lack the expertise, or investment capital required, to invest by way of holding individual mortgages directly.
The Assaly MIC will provide financing to various residential and commercial properties that may
include retirement residences, residential homes, and commercial retail and entertainment complexes.
Who Manages the MIC? Magenta Mortgage Corporation, who have been building wealth for investors
since 1994. The fund is a professionally managed, well diversified, residential mortgage portfolio.

Investment Details
Suitable For—Conservative investors seeking safety of capital and excellent annual cash flow
Risk Level—Very Low
Guaranteed Returns—6% minimum annual return
Variable Return—up to 11%*
RRSP Eligible—Yes
Minimum Investment—$25,000
Term of Investment—Not locked in (open for redemption and new deposits)
— Investors do not have to be accredited.
* Magenta Mortgage Corporation’s average annual compound rate of return from 1994 to October 2009 has been 12.2%.

1003 Whitney Road, Suite 2
North Grenville, ON K0G 1J0
T. 613.258.9090
F. 613.258.9499
E. info@assaly.com
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John R. Walsh, B.Eng
Mortgage Agent with Mortgage Alliance
Licence Number: M08000603

I am never too busy for your referrals

Founder of O.R.E.I.O. www.oreio.org

613-237-7044 x148
888-474-0137 (toll free fax)

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