CHOOSING A MIC FROM GREAT PACIFIC
There are two distinct MIC funds to choose from at Great Pacific. A member of our team will help you choose the best fund or mix of funds to suit your needs. Our MIC funds are all eligible for private or corporate investment and are eligible for RRSP, RRIF, RESP and the new Tax Free Savings Account (TFSA). Shares of the MIC funds are not offered by prospectus. All investors must qualify for an exemption from the prospectus requirements. This information is available in the offering memorandum. The process for lending for each fund includes:
- Complete underwriting analysis is performed on all applications prior to approval by the fund manager.
- A credit report is done on all mortgage borrowers.
- Properties are viewed by a company director when possible.
- Properties must have replacement insurance to a minimum of the improvements, property value or the mortgage amount.
Review the status of our MICsContact Us