FIRST ACCREDIT MORTGAGE LTD.
First Accredit was established in 2001 as an investment for the more conservative client to invest in a portfolio secured by first mortgages on properties located mainly on Vancouver Island, and mainland British Columbia.
Mortgage investments in the First Accredit portfolio will represent quality investments with conservative loan to value ratios. The target annual yield for First Accredit is 8% to 10%.
- First Accredit only invests in first mortgages.
- First 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 First Accredit is comprised of residential mortgages or cash investments.
Fund Directors
Rory H. Campbell – President
Walter R. Neufeld – Vice President
Jeffery A. Moses – Treasurer
Paul E. Croy – Director
Len G. Shorkey – Secretary
First Accredit 2009 Financial Statements
First Accredit Offering Memorandum
First Accredit History of Dividends
Upon your request we will forward a synopsis of our current mortgage portfolio as a reference.
