Victoria Mortgage Investment Corporation

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

pdf_icon Accredit 2010 Financial Statements

pdf_icon Accredit Offering Memorandum 04-27-11

pdf_icon Accredit History of Dividends

Upon your request we will forward a synopsis of our current mortgage portfolio as a reference.

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