How can I submit a mortgage deal to Nest?

• Nest originates all of its mortgage applications through licensed mortgage agents and brokers across Ontario

• Please note that we are open to developing new relationships with mortgage brokers and agents

• New mortgage applications may be sent via Filogix or Lendesk (Lender Type: Private, Lender: Nest Capital MIC)

Why Nest Capital?

• We have more than 13 years of real estate investing experience, including being landlords and investing in residential mortgages.

• Nest Capital has been able to provide higher returns than traditional investment options. Since inception, Nest has provided 10% annual returns for our investors, paid monthly.

• Nest Capital principals are invested in the company and have skin in the game. We invest alongside you in a pool of carefully vetted mortgages.

What is the process of investing with Nest Capital?

• We will connect you to our registered exempt market dealer.

• A Suitability Assessment will be done with an exempt market dealer.

• Nest will guide you on how to move the funds to invest.

• Investor statements are sent out on the 15th of each month

Through which accounts can I invest?

• Prospective investors can invest individually or through their business.

• We accept cash investments and registered plans investments such as TFSA, RRSP, RRIF, LIRA, LIF, and more.

What is the minimum investment?

• The minimum investment for the fund is $1,000 for qualified investors. The average investor has invested closer to $100,000.

If I want to invest, who do I contact?

• To invest in Nest Capital MIC, an investor must purchase through a registered dealer:

  • Fundscraper Capital Inc. – Terence Cheng tc@fundscraper.com or 647-205-7484

  • TokenFunder – Alan Wunsche alan@tokenfunder.com or 647-964-9268.

Why invest in mortgages?

• A Mortgage Investment Corporation is a provincially registered and licensed mortgage investment and lending company, that enables investing in a secured pool of mortgages. A Mortgage Investment Corporation provides its investors with interest payments that can be paid out monthly, quarterly or annually.

What is the difference between Private Lending and investing in a Mortgage Investment Corporation?

• Check out the link to our article here to learn more about the differences between investing in an individual mortgage versus investing in a pool of mortgages!

How does Nest evaluate new loans?

• When we receive a file from a mortgage broker or agent, we evaluate the paperwork and appraisal. (We do not accept any files with paperwork deficiencies).

• Once we have examined the paperwork, it is reviewed by our underwriting committee to determine suitability, funding requirements and questions for follow-up.

• The file is then sent to our lawyer to obtain a full legal evaluation.

• Once approved, Nest Capital MIC confirms and provides funding via our lawyer’s trust account.

• The law firm completes registration and sends electronic and original copies of documentation.

How does Nest get access to investing opportunities?

• Nest Capital MIC and its manager, Nest Capital Mortgage Administrator Inc., uses a network of relationships with trusted and experienced mortgage brokers to find and fund opportunities.

• The trusted expertise also includes underwriters, lawyers, auditors, and property appraisers.

What is a Mortgage Investment Corporation (MIC)?

• Nest originates all of its mortgage applications through licensed mortgage agents and brokers across Ontario

• Please note that we are open to developing new relationships with mortgage brokers and agents

• New mortgage applications may be sent via Filogix and Lendesk

How will income be received for tax purposes?

• Although we are not tax accountants and we recommend that you contact your tax professional, we have answered this simply below

• Returns are treated as interest income. Investors looking to invest via a cash account will receive a T5 statement of investment income.

• Many investors also invest in a tax-free manner, such as TFSAs. You can also invest via RRSPs, RRIFs and other methods.

Are you regulated?

• Yes. Nest Capital is regulated through the following:

• The Income Tax Act section 130.1

• The Financial Services Regulatory Authority of Ontario (FSRA)

• Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c. 29

• MORTGAGE ADMINISTRATORS: STANDARDS OF PRACTICE

• The Nest Capital Mortgage Administrator license #12901 is governed by the Financial Services Regulatory Authority of Ontario (FSRA)