we then dive into how the Cannect Mortgage Investment Corporation (MIC) has been prepared for economic conditions like these for a while due to conservative loan-to-values and prioritization of exit strategies. Have a listen to learn more about the current state of our mortgage fund. It’s the tough times like these that show how prudently MICs have been lending.
Many are currently unable to lend because their funds are tied up into deals with no exit strategy. When the only exit is default, it is very difficult for not only the borrower, but also the lender. When deciding which MIC to invest in, give them a call and ask the tough questions like how often do they stress test for LTVs; how do they arrive at property values for their loans?
If these answers don’t satisfy you, the cloudy days will be extra cloudy for these funds. Past performance does not guarantee future results. Prospective investors should rely solely on the Fund’s Offering Memorandum, which outlines the risk factors in making a decision to invest. Cannect MIC shares are sold through our exempt market dealer, Meadowbank Asset Management, Inc. Not CDIC insured.
