How does a MIC work?

  • A group of investors invest by buying shares of the MIC.
  • A borrower or their broker who wants to buy a property approaches the MIC.
  • The MIC qualifies the borrower by various parameters such as appraisal, income qualification and credit worthiness.
  • If the mortgage is approved, it is funded with pooled investor funds and your money starts working.
  • The MIC receives monthly payments from the borrowers.
  • The interest received from the borrowers is paid back to the investors quarterly in the form of dividends.
Interested in investing in Versa Platinum?
For investment, contact Norm Holmes at Drake Financial Ltd.
  • 604-807-6540