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FIRST ISLAND MIC
SECURED REAL ESTATE INVESTMENTS
REAL ESTATE INVESTMENTS & LENDING
First Island Financial Services Ltd., founded in 1973 in Victoria, BC, manages First Island Mortgage Investment Corp. Series IV Ltd., a Mortgage Investment Company (MIC).
First Island's successful 50+ years are built on conservative lending, focusing on a portfolio of registered first mortgages.
Most lending clients are in urban areas of Vancouver Island and surrounding regions, however our lending areas extend across British Columbia and Alberta.
We pride ourselves on exceptional customer service from our small, dedicated team.
WHAT IS A MIC?
A Mortgage Investment Company (MIC) is an investment and lending company designed specifically for real estate financing. Our fund pools capital from investors to lend on secured real estate in British Columbia and Alberta.
Further details available on our FAQ page.
1. YOUR INVESTMENT
Capital placed in the MIC pool of funds for real estate financing
2. LOAN FUNDING
The MIC provides financing over a diversified real estate portfolio secured by 1st mortgage loans
3. PAYMENTS
Interest payments from loans flow back to the MIC
4. DIVIDEND INTEREST
The MIC distributes interest income back to investors
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