Advantage Mortgage Investment Corporation (“AAMIC”)
About the Corporation
The Corporation was incorporated as a private corporation under the Business Corporations Act (Ontario) by Articles of Incorporation dated February 24, 2014.
The Corporation’s business objective is to obtain a secure stream of income by optimizing its investment portfolio within the MIC criteria prescribed under section 130.1 of the Canadian Income Tax Act.
As such, AAMIC invests in MIC eligible Canadian mortgages, focusing primarily on short-term bridge financing needs not currently serviced by traditional real estate lenders under a risk-adverse set of credit policies and Board oversight.