FIRST ACCREDIT MORTGAGE CORP.

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 7% 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.

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.

First Accredit Offering Memorandum January 19, 2024

First Accredit History of Dividends

First Accredit Articles of Incorporation

  • Participants in the MIC buy shares in the MIC
  • The minimum investment is $5,000
  • Dividends have been paid quarterly and can be paid out as income or reinvested for growth
  • Annual General Meetings are held for each fund. Shareholders have voting rights and a voice
  • The shares are redeemable by the issuer upon written notice from the investor, and as approved by the issuer

Meet our Fund Directors

Our team of Directors, with extensive knowledge and decades of experience, manage First Accredit Mortgage Corp. concentrating first on the benefit to our clients and shareholders.

Walter R. Neufeld – CEO

Paul E. Croy – Vice President

Jeffery A. Moses – Treasurer

Damian A. Sowa – Director

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

Schedule an appointment

Enter your contact information below to connect with one of our experienced professionals to discuss your mortgage or investment details.