Founded in April 2010, Brookstreet MIC Inc. is a Mortgage Investment Corporation as governed by the Canadian Income Tax Act1. Brookstreet’s primary investment objective is to preserve capital by identifying relatively low risk, residential low loan to value and higher yielding mainly first and some second mortgage opportunities. We lend to credit-worthy borrowers who are not adequately served by conventional lending sources.
Brookstreet’s mortgage portfolio consists of residential mainly first mortgages and some second mortgages. These mortgages are directly secured by residential real-estate mainly in the Greater Toronto Area. Brookstreet distributes dividends to its investors on a quarterly basis. Dividends are treated as interest income.
Assets Under Administration
Mortgages Funded Since Inception