Investing in CANADIAN Mortgages
Professional mortgage lenders do not work in a box, and are able to adapt quickly to market conditions and take advantage of situations institutional lenders have difficulty doing. This is the essential advantage of private lending and the reason for Fisgard’s great returns.
Our mortgage guidelines have stood the test of time with relatively minor changes to suit market conditions. When we have to adapt, we do; but rarely do we deviate materially from the basic mortgage guidelines listed below:
• We lend on primarily serviced urban property in communities that demonstrate economic stability and growth.
• We lend on residential (75% of the portfolio) property.
• We lend in Western Canada, primarily in British Columbia and Alberta.
• We maximize security by making a larger number of smaller mortgage loans as opposed to just a few larger loans. In short, we avoid concentration.
•
To maximize market flexibility the majority of our mortgages are shorter term (up to 2 years) allowing Fisgard to react and adjust quickly to changing market conditions.
Mortgage Fund Update
| Number of Mortgage Assets |
|
|
|
388 |
| Dollar volume of mortgage assets |
|
$ |
|
231,038,758 |
| Dollar volume of 1st mortgages |
|
$ |
|
228,099,934 |
| Dollar volume of 2nd mortgages |
|
$ |
|
2,938,824 |
| Average Mortgage Term (in months) |
|
|
|
13 |
* as of 01-Apr-13
* as of 01-Apr-13