We started asking ourselves: was there a way to earn a reasonable return with an acceptable risk profile?
Our research indicated that there was a credit investment product called Mortgage Investment Corporation that the government legislated into the Income Tax Act. These entities were created to help people gain access to financial resources that would otherwise be excluded by regulation and large financial institutions. These borrowers have special circumstances, and many of them have the means and ability to service a loan. Most importantly, they also have residential real estate holdings to back them.
So, we started investing in private mortgages. Then eventually members of our family joined us, followed by friends when we started Nest Capital Mortgage Investment Corporation.
As opportunities continue to open up, we are building relationships with new investors while providing a valuable source of liquidity to top-quality borrowers.
By lending exclusively to residential real estate in good communities across Ontario, we have been able to provide valuable liquidity to borrowers while earning a desirable return.
Historically, we have been providing investors with a 10% annual return on their investment.
I am the CEO and co-founder of Nest Capital Mortgage Investment Corporation. I am also a seasoned private investor, landlord and a senior sales management professional with 27 years of expert knowledge in telecom.
I was motivated to start Nest Capital with my son, Chris as a result of the volatility in the market and the need for some control in their respective portfolios.
Through extensive research with Chris, we discovered that Mortgage Investment Corporations (MICs), investing can provide excellent risk-adjusted returns for both cash and registered accounts. This allows investors to participate indirectly in real estate investing through a financial product, rather than ownership of the physical asset.
I am also personally invested in the fund!
My name is Chris Allinson and I am the COO and co-founder of Nest Capital Mortgage Investment Corporation.
I graduated with a Bachelor in Business Administration from Wilfrid Laurier University and am a financial professional with a well-rounded skill set. I have demonstrated expertise in sales, operations, business development, market research and account management throughout my career.
I have worked closely with Roger to develop our investment approach and co-founding Nest Capital Mortgage Investment Corporation.
I am also personally invested in the fund alongside friends, family and outside investors!