HOW Altmore MORTGAGE INVESTMENT CORPORATION WORKS
Investors purchase units of Altmore Mortgage Investment Corporation. Units are available as a cash investment or as a registered investment. Investors may be Individuals or Corporate Investors.
INVESTOR SHARE CAPITAL FLOWS INTO Altmore
Altmore Mortgage Investment Corporationmay from time to time use capital provided by way of a Credit Facility from a Bank or other Financial Institution or Lender to leverage the portfolio and increase the number of loans held by the MIC.
INSTITUTIONAL FUNDS FLOW INTO Altmore
The funds are invested into a pool of mortgages and managed by Altmore Mortgage Investment Corporation. This pool will consist of Residential & Commercial Mortgages. Altmore may also fund Bridge Loans and Builder advance programs. A majority of the mortgages held in the pool will be short term loans.
CAPITAL FLOWS OUT TO BORROWERS AS MORTGAGES
Borrowers obtain mortgages from Altmore Mortgage Investment Corporation. These borrowers may be builders needing short term financing for construction, buyers needing a bridge loan, commercial borrowers with unique needs, and property investors.
PAYMENTS FLOW IN FROM BORROWERS TO Altmore
Altmore Mortgage Investment Corporationwill generate revenue through interest paid on the mortgages held in the portfolio as well as from fees and penalties on said mortgages.
DIVIDENDS FLOW OUT TO Altmore SHAREHOLDERS
Altmore Mortgage Invesment Corporationis required under section 130.1 of the Canada Income Tax Act to flow out all net income payable in the form of a Dividend to the shareholders.
SHAREHOLDER RECEIVES DIVIDENDS FROM Altmore
Client reviews Altmore Mortgage Investment Corporation account statement. Itemizing share info and rate of return earned with confirmation of direct deposit to their Bank Account, Plan, or Financial Institution.