On behalf of our entire CMI team, we wish you and your family a very Happy New Year!
The past year provided incredible opportunity for our mortgage investors, and that momentum is paving the way for continued growth in 2022 and beyond. As you review last year’s performance and your investment goals for the coming year, we encourage you to consider the role mortgage investing will play in your financial plan.
CMI MIC Funds: Satisfying investor’s needs for yield, diversification and capital preservation
Last year marked the first full year of operation for our two newest funds: CMI MIC Prime Mortgage Fund and CMI MIC High Yield Opportunity Fund. Together with our flagship CMI MIC Balanced Portfolio Fund, our family of funds grew considerably over the year, attracting $105,868,172 combined in new assets under management (AUM).
This was driven in part by heightened demand for high-quality mortgage investments. Each fund hit its annual target yield, offering investors regular income and peace of mind during a period described by analysts as an “income famine”.
The CMI MIC Balanced Fund has grown to become one of Canada’s largest private mortgage portfolios. AUM have surged 149% since 2020, a pace that is expected to accelerate as share issuances continue to rise significantly. The fund has paid a consistent yield of 8-9% since its inception in 2015. AUM for the CMI MIC Prime Mortgage Fund and CMI MIC High Yield Opportunity Fund have also grown, by 321% and 142% respectively, since their inception.
CMI Mortgage Investments: Offering unparalleled access to the Canadian mortgage market
Our whole mortgage investment division continued its tremendous growth in 2021, in terms of both originations and book size, as exploding borrower demand for private mortgage financing was equally matched by investors’ desire for high-yield alternative investment products. Our lending footprint continued to expand across Canada with a continued focus on risk management and capital preservation.
Since inception, our mortgage investments program has successfully placed more than $1 billion in private mortgages, with more than $500 million funded last year alone. This represents an increase of 136% compared with 2020. Current assets under management sit at more than $536M.
Our ever-expanding mortgage portfolio currently includes more than 1900 active investments, bringing the lifetime total of mortgages funded to $1.2B. In terms of unit volume, mortgage originations increased 93.9% compared with 2020.
Through our two innovative mortgage investment solutions, we offer investors diversification opportunities across Canada’s most robust mortgage markets. Our whole mortgage investments offer targeted annual returns of between 6% and 16%, while our suite of MIC funds offer target yields tied to specific risk and return profiles, ranging from 6% to 11%, depending on the specific fund. We are strongly positioned to capitalize on the ever-growing need amongst consumers for alternative lending solutions, and we remain relentlessly committed to providing our investors with the best mortgage investment options in Canada.
You asked, we listened: What to expect from CMI in 2022 and beyond
We have some significant enhancements in store for our investors in the year ahead, many of which are a direct result of your feedback:
- Product innovation: We’ll be entering the near prime space, offering you a more diverse range of investment opportunities tailored to your income needs and risk/return profile.
- New investor websites. We’ve been busy undertaking a complete overhaul of our CMI MIC Funds and CMI Mortgage Investments websites, making it easier to navigate and access key resources and information. We hope to launch the new sites in the first quarter of 2022.
- Enhanced mortgage investor portal. As part of our new CMI Mortgage Investments website, we’ll be launching an enhanced Investor Portal with more comprehensive tools and resources for managing and tracking your investments.
- New MIC investor portal. As part of our new CMI MIC Funds website, we’ll be launching a new MIC Investor Portal, putting key resources at your fingertips, and allowing you to more easily view your MIC investments. We hope to launch the new portal by year-end.
As always, thank you for entrusting us with your financial needs. We’re excited to kick off this new year of growth and partnership with you.
Please reach out to your Investment Manager or contact us at info@thecmigroup.ca if you have any questions or would like to discuss our investment products in greater detail. For those who are new to us, not currently invested or seeking a trusted private mortgage investment partner, we invite you to experience the CMI difference.
