Morex MIC Fund
Exposure to the short-term mortgage market for single family dwellings in the Greater Toronto Area and the Golden Horseshoe.
Overview
Strategy
Performance
Docs & News
Advisor Inquiry
Overview
Overview
- Morex Capital Corp. is a Mortgage Investment Corporation (MIC) established in 2012 with its head offce in Ontario, Canada
- Morex Capital Corp. is a non-bank provider of short term first and second mortgages to residential borrowers primarily in the Greater Toronto Area
- Focus on capital preservation combined with steady quarterly income distribution to investors
- Mortgage terms are 12 months or less; this short duration reduces risk and maximizes borrower turnover and resetting of terms to accommodate for changing market conditions
- We have a constant stream of mortgage investment opportunities available to our Fund through strategic alliances with Licenced Mortgage Brokers
- Proven track record of stable, uncorrelated returns, paid quarterly Investments are eligible for: TFSA, RRSP, LIRA, RRIF
- Morex Capital Corp. is a Mortgage Investment Corporation (MIC) established in 2012 with its head offce in Ontario, Canada
- Morex Capital Corp. is a non-bank provider of short term first and second mortgages to residential borrowers primarily in the Greater Toronto Area
- Focus on capital preservation combined with steady quarterly income distribution to investors
- Mortgage terms are 12 months or less; this short duration reduces risk and maximizes borrower turnover and resetting of terms to accommodate for changing market conditions
- We have a constant stream of mortgage investment opportunities available to our Fund through strategic alliances with Licenced Mortgage Brokers
- Proven track record of stable, uncorrelated returns, paid quarterly Investments are eligible for: TFSA, RRSP, LIRA, RRIF
Investment Summary
| Target Return | 8.5% |
| Volatility | Low |
| Liquidity | < 1 year |
| Capital Preservation | Mortgages are real-estate secured; short-duration lending reduces long-term risk; diversification of loans across borrowers. |
| Income Generation | Quarterly income distributions |
| Investment Horizon | 12 - 60 months |
| Fees | 1.37% pa |
Strategy
Strategy
The fund executes its strategy by originating and managing a diversified portfolio of short-term first and second residential mortgages, primarily within the Greater Toronto Area.
Emphasizing loan durations of approximately 12 months, the strategy reduces exposure to long-term market risks while enabling the fund to frequently reset terms in response to changing economic conditions. This disciplined, collateral-backed lending approach supports steady income generation and enhances capital preservation.
Objective
The fund’s objective is to preserve investor capital while generating stable and consistent returns through investments secured by Canadian residential real estate. By focusing on reliable income generation and maintaining a conservative risk profile, the fund seeks to provide investors with a predictable return stream that remains largely uncorrelated with public market volatility.
Performance
Docs & News
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Advisor Inquiry
Terence Cheng Contact: terence@CortonCapital.ca Phone: 647 205 7484 | David Jarvis david@cortoncapital.ca Phone: 416 627 5625 |
| Terence Cheng has 17+ years’ experience in the real estate and private capital markets business. As a former Vice President at Fundscraper Capital Inc., he facilitated over $550M in investment capital deployment across vetted market products. Terence is passionate about helping clients and crafting tailored investment solutions to achieve their medium and long-term goals. |