Accredit Mortgage Ltd.
Accredit was created in 1994 and is the largest and most popular MIC fund for Great Pacific shareholders.
Accredit concentrates it’s resources on a niche in the mortgage market that has been created by:
- The reduction of the number of “institutional” mortgage lenders.
- Standardization of institutional mortgage underwriting.
- The reduction / elimination of “local / branch” approval limits and autonomy.
Since 1995 Accredit Mortgage Ltd. has maintained a ‘yield’ to shareholders, in excess of 11.38%.
- Accredit invests in first and second mortgages.
- Historically, 55% of mortgages have been first mortgages.
- Accredit Class ‘A’ share price is $1.00 per share, minimum initial investment required is $5,000.
- Loan to value ratio rarely exceeds 75%.
- A minimum of 50% of the investment portfolio of Accredit is comprised of residential mortgages or cash investments.
Fund Directors
Rory H. Campbell – President
Walter R. Neufeld – Vice President/ Secretary
Jeffery A. Moses – Treasurer
Paul E. Croy – Director
Accredit 2009 Financial Statements
Accredit Offering Memorandum [711 kb]
Upon your request we will forward a synopsis of our current mortgage portfolio as a reference.
