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BrokersTrillium-Accessible Investment Fund (MIC) Inc. provides mortgage financing to British Columbians and Albertans who meet the qualifications set by the company. As a small investment fund at present we fund as funds are available, and we restrict mortgages to be approved to types and amounts that meet current underwriting objectives, which vary over time depending on the current mix of mortgages in our pool. We welcome submissions from brokers in BC and Alberta through our manager, Trillium-Accessible Mortgage Corp., a Vancouver based mortgage broker. Broker's fees are split 50/50 between the originating broker and the manager of Trillium-Accessible Investment Fund (MIC) Inc. and are set on a case by case basis. Mortgage commitmens will include all conditions including brokers fees, lenders fee (if any) and any other expenses to be incurred by the borrower. Brokers on the Filogix Expert system may co-broker the deal through Filogix - contact Donald Wilson for details. Rates are set on a competitive basis, and reflect the risk profile and current market conditions - which means that they vary from time to time. Loan to value ratios also vary from time to time, however, residential second mortgages shall not exceed 85% of appraised value under any circumstances. Trillium-Accessible Investment Fund (MIC) Inc. expects to begin underwriting broker applications during March of 2009 and will be making various announcements after that date as to loan objectives and target markets. Mortgage underwriting guidelines will be published in late March 2009. |
Commercial and/or building loans |
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The company will be offering building loans and commercial mortgages in the third and forth quarters of 2009, subject to availability of funds at that time.
The underwriting department will begin to review applications for funding in June of 2009 |
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Disclaimer - This is an information portal providing information for qualified investors and mortgage borrowers in British Columbia and is not a mortgage broker in any jurisdiction in Canada. Nothing in this web site should be considered an offer for sale of securities or mortgages, as securites are sold only through an Offering Memorandum, and mortgages are placed only through a qualified mortgage broker. All mortgages placed in reference to this mortgage information web site are brokered through a BC Financial Commission registed subbroker registered with Trillium-Accessible Mortgage Corp. All mortgage loans granted by Trillium-Accessible Investment Fund (MIC) Inc. are made under the brokers license to the company under the Financial Services Commission of British Columbia.
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