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Frequently Asked Questions

If you have any questions - please take a look below to see if you can find the answer you were looking for but if it didn’t quite provide with the necessary assistance you need, use the contact form here.

What is a Mortgage Investment Corporation (MIC)?

  • 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.

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.

  • The exempt market dealer will provide investment next step and funding instructions.

  • 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:

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.

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)

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.

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