Squire Mortgage Investment Corporation

Invest
$1,500 minimum
$2,188,277
completed of $5,000,000
$38,500 currently processing
21
investors Only investors who have completed the investment.
23
days to go
Overview

Squire Financial is a Waterloo, Ontario-based company specializing in loans secured by real property.  We provide borrowers with prompt, competitive and reliable mortgage solutions for residential and commercial properties that are outside of the parameters of conventional lenders. We also offer investors a secure and profitable way to invest in real estate.

Our retail fund, Squire Mortgage Investment Corporation (Squire MIC) invests in relatively low risk, high yield mortgage opportunities.  A MIC is a flow-through vehicle for tax purposes and is required to distribute 100% of its annual net income to shareholders, thereby avoiding double taxation.

-  All loans are secured by real property and revenues are generated through interest earned and associated financing fees. 

-  Typical deals include 1st & 2nd residential & commercial mortgages; Equity, Construction & Improvement loans.

-  Squire MIC uses channel partners for deal origination - mortgage brokers, real estate agents, lawyers, builders, banks, etc.

-  Squire MIC is managed by Squire Management Inc. which is licensed as a Mortgage Administrator by Financial Services Commission of Ontario (FSCO License #12565)

-  All mortgages are facilitated through an accredited Mortgage Broker 

-  Squire Management adheres to detailed lending guidelines

-  A target annual yield of 8.0% is paid to investors via a quarterly dividend. The dividend may be reinvested through a Dividend Reinvestment Plan (DRIP)

-  The investment is qualified for inclusion in an RRSP, RRIF, RESP, TFSA, or DPSP


We offer investors the opportunity to invest in a portfolio of real estate mortgages with attractive returns and security that is well understood with limited down side risk. 

Meet the Team
Chris Waters
President
Dave Chornaby
Vice President
Events
FrontFundr Forum
May 17, 2018 12:00 PM
Zooom.us
The event happened 2 months ago.
Updates
No news yet, please stay tuned.
Investors
21 total, 21 anonymous
Documents
General Risks
By accessing this site you agree to be bound by FrontFundr’s Terms and Conditions and Privacy Policy. FrontFundr distributes exempt market securities to qualified individuals as defined by National Instrument 45-106, Prospectus and Registration Exemptions and crowdfunding exemptions including Multilateral Instrument 45-108 Crowdfunding and Multilateral CSA Notice 45-316 Start-up Crowdfunding Registration and Prospectus Exemptions.
As an exempt market dealer, Silver Maple can trade and underwrite exempt market securities. Exempt market securities are risky investments and you could lose all the money you invest in such securities.
In general, investment products sold in the exempt market are considered high risk because:
  1. They are not covered by deposit or investor protection insurance;
  2. Regulators do not review offering memoranda for completeness;
  3. Private issuers are not subject to the same ongoing disclosure obligations as reporting issuers;
  4. Private issuers may inadvertently, or advertently, refrain from providing an investor or a registered dealer, all the information required to make an informed investment decision.
  5. Many exempt products are not as liquid as publicly-traded securities and you may be restricted in your ability to sell or transfer these securities; and
  6. Exempt products are often subject to a greater degree of “key person” risk than more widely held securities.
  7. There can be no assurances that an investment will maintain its net acquisition value or produce any projected income or capital return. Investment values change frequently and past performances may not be repeated.
  8. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. See “use of borrowed funds”.
The risks highlighted above are not conclusive. Risk disclosures specific for each offering are reviewed by SMV and are presented within an issuer’s profile page on the platform and within the offering memorandum or other offering documents for the issuance. Offering documents and the risks associated with the securities of an issuer contained therein should be reviewed thoroughly by an investor or an investor’s professional advisors before making an investment.
This web site is for general information only and is not intended to provide personalized advice, including investment, financial, legal, accounting or tax advice. FrontFundr will assess your suitability to invest in the products offered on its platform.
Terms

The Issuer:                                    Squire Mortgage Investment Corporation

Currently listed or quoted:        No. These securities do not trade on any exchange or market.

Reporting Issuer:                         No

Securities Offered:                      up to 50,000,000 Class A Preferred Shares, of the Corporation

Price per Security:                       $1.00 per Preferred Share

Maximum Offering:                    The maximum offering is $50,000,000

Proposed Closing Dates:           All accepted subscriptions will be effective on the last business day of each month

Income Tax Consequences:      Qualified investment for inclusion in an RRSP, RRIF, RESP, TFSA, or DPSP

Resale Restrictions:                    Yes

Selling Agents:                             Select EMD and IIROC Dealers

Referral Fees:                              The Corporation may pay referral fees in certain circumstances

The Manager:                              Squire Management Inc. 

Management Fee:                      Up to 2.5% per annum of the gross assets of the Corporation

Redemption Rights:                   Series I shares 1 year non redemption

Dividend Reinvestment Plan:   Yes

Subscription Qualification:       Accredited Investor; Minimum Amount; Offering Memorandum

Risk Factors:                                See Offering Memorandum for complete details of all Risk Factors

Target Investor Return:             8.00% annual; paid quarterly (8.24% with DRIP)

Get in Touch
Website
Email
519-804-6948