Is there a lot of paperwork? Can you help me with that?

Thanks to our partnership with the TokenFunder platform, all of the required forms can be filled out digitally and online. This saves time and effort, and can be completed in under 10 minutes at https://www.tokenfunder.com/signup

Are there any investment restrictions?

This type of investment product is designed for mid-to-long term investing. These investments are not suitable for trading activities. Therefore if you require short-term liquidity, this investment vehicle may not fit your needs. While short-term redemptions are discouraged, if short-term liquidity is required due to unforeseen circumstances, certain fees and restrictions may apply. If you have any questions, call us.

All investments come with some level risk. At Nest, we manage these risks through the use of trusted advisors, a defined set of investment criteria and strict adherence to our investment process. Risks may include: Changes in the economy Changes in the real estate market

Yes. Nest Capital is regulated through the following: The Income Tax Act section 130.1 The Financial Services Regulatory Authority 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.

Frequently Asked Questions | Nest Capital MIC

Q: If I want to invest, who do I contact?

Selling Agents/Exempt Market Dealers: In order to facilitate more efficient investment processing, we have partnered with the TokenFunder platform, and with TokenGX as our exempt market dealer. Our investment page can be found at https://www.tokenfunder.com/nestcapital. You will need to create an account (in less than 5 minutes), and from there you will be able to invest in Nest Capital Mortgage Investment Corporation. For any questions about the TokenFunder platform please contact info@tokenfunder.com. Belco Private Capital Inc. Elijah Minler at Elijah@belcopc.com or 416-583-5804

Q: What is the minimum investment?

For a limited time, the minimum investment for the fund has been reduced from $5,000 to $1,000 for qualified investors. To see if you qualify, sign up for an account at https://www.tokenfunder.com/signup and complete your investor profile. If you have any questions about sign up or qualification, please email info@tokenfunder.com.

Q: How does Nest evaluate new loans?

When we receive a file from a trusted 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 legal advisor to obtain a full legal evaluation. If everything checks out, 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.

Have a question?

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.
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.

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?

As many people know, Canada has had tremendous growth in real estate, and in particular Ontario. As of 2017, Ontario has a $132-billion mortgage brokerage market and private lenders account for around eight percent, or $10.6 billion, of the total dollar value of all mortgages by brokerages.
Due to increased government regulations on lending guidelines for traditional lenders like banks and trust companies, this has created a need for private funds.

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 does Nest find mortgages to fund?

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)

Frequently Asked Questions