City Mortgage offers Accredited Investors, through mortgage syndications, the opportunity to invest in the Canadian Real Estate Market. Under the direction of Mr. Rick Maysenhoelder, our Mortgage Investment Manager with over 25 years of mortgage lending experience, investor clients have experienced solid investment returns based on well-structured mortgage investments. To date we have been involved in over $110 million in privately syndicated mortgage loans on behalf of our investors with over 80% of loans generating more than a 10% per annum annualized interest return. 

Examples of these investments and the returns achieved include the following mortgages:

Second Mortgage on Vernon, BC Care Home

$500,000 was invested over a two-year term yielding investors 12% per annum. The loan was paid out from the re-financing of the first mortgage by a big five bank.

First Mortgage on Surrey, BC 4.67 acres of development lands for multi-family housing

$3,600,000 was invested over a two-year term yielding investors 14.25% per annum. The loan was paid out from the sale of the property after going through a realization process.

Second Mortgage on Edmonton, Alta. Industrial Property

$7,000,000 was invested over a 16 month term yielding investors 12% per annum. The loan was paid out from the sale of the property.

First Mortgage on Squamish, BC 54.61 acre residential subdivision

$11,800,000 was invested over a sixteen month term yielding investors 13.5% per annum. The loan was paid out from the re-financing of the first mortgage.

First Mortgage on Surrey, BC Shopping Centre

$6 million was invested over a two-year term yielding investors 9% per annum. The loan was paid out from the sale of the property.

First Mortgage on Raw Land in Squamish, BC

$630,000 was invested over a three-month term yielding investors in excess of 18% per annum. The loan was paid out from bank financing.

First Mortgage on Gulf Island Resort Development Acreage

$3,500,000 was invested over a one-year term yielding our investors 12% per annum. The loan was paid out through bank financing.

First Mortgage on Office Industrial Building in Surrey, BC

$1.8 million was invested over a one-year term yielding investors in excess of 10% per annum. The loan was paid out through the sale of the property.

Second Mortgage on West Vancouver, BC Office Building

$1.15 million was invested over an approximate four-year term yielding investors 11% per annum after which the loan was paid out.

Second Mortgage on Surrey, BC Shopping Centre

$1.6 million was initially invested for a 3½ year term yielding our investors a 10% per annum return.  Upon maturity a re-finance was done at $1.05 million yielding investors 9.5% for an additional two years until the loan was paid out from the sale of the property.

If you are interested in making an investment in mortgages please give Rick Maysenhoelder a call at 604-763-3346 to discuss your investment options.