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Thank you for choosing Abbey Ridge.
Our team of underwriters is committed to providing you with the mortgage alternative you need. We evaluate every application on a case-by-case basis using a common sense approach with a foundation of highly marketable real estate. Our extensive background in mortgage lending in Ontario, has enabled us to develop a comprehensive understanding of the opportunities and the risks of the real estate market.
Abbey Ridge primarily accepts applications for mortgages via licensed mortgage brokers. For help finding a mortgage broker, visit Capital360.ca.
Our team of underwriters is committed to providing you with the mortgage alternative you need. We evaluate every application on a case-by-case basis using a common sense approach with a foundation of highly marketable real estate. Our extensive background in mortgage lending in Ontario, has enabled us to develop a comprehensive understanding of the opportunities and the risks of the real estate market.
Abbey Ridge primarily accepts applications for mortgages via licensed mortgage brokers. For help finding a mortgage broker, visit Capital 360.ca
The Income Tax Act requires that 100% of a MIC’s annual net income, as verified by external audit, be distributed to its shareholders, in the form of a dividend. This dividend is taxed as interest income, in that it primarily represents a flow-through of the interest earned on the Company’s mortgage portfolio. Since a MIC pays all of its net profit to its shareholders each year, the MIC itself is not taxed. This is an advantage for MIC shareholders, increasing their yield as the two levels of tax applied to regular corporations are avoided. Like any company, a MIC’s net income is equivalent to its revenues, less its expenses. A MIC’s revenues are comprised of mortgage interest and fee income. Expenses are predominantly comprised of management fees, audit and other professional fees, and loan interest, if the MIC is employing debt in addition to share capital.
Disclaimer
Certain statements herein, as they relate to Abbey Ridge Mortgage Investment Corporation (the “Corporation”) and its respective views or predictions about possible events, conditions or results of operations that are based on assumptions about future eco mnomic conditions and courses of action and includes future-oriented financial information with respect to prospective results of operations, financial position or cash flows that is presented either as a forecast or projection, are “forward-looking statements” within the meaning of that phrase under applicable Canadian securities laws.
Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Forward-looking statements are based on the current expectations, estimates and projections of the Corporation, and involve a number of known and unknown risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated, including those risks described in the accompanying offering memorandum under “Item 8 – Risk Factors”.
The forward-looking statements herein are made as of the date hereof. Except as otherwise required by law, the Corporation does not intend to, and assumes no obligation to, update or revise these or other forward-looking statements it may provide, whether as a result of new information, plans or events or otherwise. Investors are cautioned not to place undue reliance on these forward-looking statements as there can be no assurance that the conditions, events, plans and assumptions on which they are based will occur.
The contents of this website should be read in conjunction with the offering memorandum of Abbey Ridge Mortgage Investment Corporation dated July 15, 2021, a copy of which is accessible in the Investors Strategy Section of this website.