FUND INFORMATION
- Minimum Investment: $25,000 for accredited investors and $150,000 for non-accredited investors
- Target Yield:
- 8.75% (F Class) per annum paid monthly net of fees
- 8.50% (Class A) per annum paid monthly net of fees
- 7.75% (Class N) per annum paid monthly net of fees
- NAV Purchase Value: $10.00 per share
- Redemption Terms:
- Class A1, F, N: Six month written notice prior to retraction date (which period may be varied or waived by the directors of the Corporation in their sole discretion).
- Class A: 1-year hold, quarter liquidity thereafter (which period may be varied or waived by the directors of the Corporation in their sole discretion).
- Manager: RiverRock Management Inc.
- Legal Counsel: AUM Law Professional Corporation, KFG Law, Israel Foulon
- Auditor: Deloitte LLP
- Agent: Donville Kent Asset Management Inc.
Investors seeking alternatives to traditional equity and fixed-income products have increasingly been putting their money in Mortgage Investment Corporations and real estate related investments. RiverRock Mortgage Investment Corporation offers investors a portfolio of low-risk first and second mortgages through a diversified pool of mortgages in Ontario. We lend on residential property located in urban and suburban areas in highly desirable municipalities. Our investments provide:
- Access to residential mortgage markets not typically available to individuals
- Less volatility than equities and more security than bonds
- Higher yields than traditional investment products, such as bonds and GICs
- Stable, reliable monthly income
- Mitigated interest rate risk, through short-term loans and floating rate loans
Our real estate investments are comprised exclusively of properties that are highly marketable. As a mortgage investment corporation, we strictly deal with licensed mortgage brokers and licensed agents in Ontario. With over 10,000 mortgage brokers and agents in Ontario, they act as a large external sales force that identifies and refers mortgages to grow our portfolio.
As an investor, you can choose to take advantage of our automatic dividend reinvestment plan (DRIP) and gain the benefit of compounding your return. Alternatively, you can receive a monthly dividend by direct deposit to a specified account.
FUND INFORMATION
- Minimum Investment: $25,000 for accredited investors and $150,000 for non-accredited investors.
- Target Yield: 7.25% (F Class) per annum paid monthly net of fees.
- Redemption Terms: 1-year hold, quarterly liquidity thereafter
- Manager: RiverRock Management Inc.
- Legal Counsel: AUM Law Professional Corporation
- Auditor: Deloitte LLP
- Agent: Donville Kent Asset Management Inc.
Investors seeking alternatives to traditional equity and fixed-income products have increasingly been putting their money in Mortgage Investment Corporations and real estate related investments. RiverRock Mortgage Investment Corporation offers investors a portfolio of low-risk first and second mortgages through a diversified pool of mortgages in Ontario. We lend on residential property located in urban and suburban areas in highly desirable municipalities. Our investments provide:
- Access to residential mortgage markets not typically available to individuals
- Less volatility than equities and more security than bonds
- Higher yields than traditional investment products, such as bonds and GICs
- Stable, reliable monthly income
- Mitigated interest rate risk, through short-term loans and floating rate loans
Our real estate investments are comprised exclusively of properties that are highly marketable. As a mortgage investment corporation, we strictly deal with licensed mortgage brokers and licensed agents in Ontario. With over 10,000 mortgage brokers and agents in Ontario, they act as a large external sales force that identifies and refers mortgages to grow our portfolio.
As an investor, you can choose to take advantage of our automatic dividend reinvestment plan (DRIP) and gain the benefit of compounding your return. Alternatively, you can receive a monthly dividend by direct deposit to a specified account.
INVESTMENT STRATEGY
Due to tighter and increased regulations, Banks and Trust Companies have restricted their lending practices. We believe this has created a void leaving many hard working, responsible and credit-worthy people with limited viable home financing options because of these tightened regulations. This gap has created a significant opportunity for RiverRock to provide mortgage and investment alternatives.
RiverRock MIC is proud to offer investors a high-yield alternative fixed income investment within the high-performing real estate market. As a lender in Ontario, we cater to clients that are typically self-employed individuals, borrowers with poor or limited credit history, or new immigrants to Canada. Our investment objective is to identify relatively low-risk, first and second residential mortgages in Ontario, with a maximum loan-to-value ratio of no more than 80%.
RiverRock generates all of its mortgage applications through licensed mortgage agents and brokers. By combining several high-quality mortgages into a diversified pool, we can mitigate the risks associated with investing in a single mortgage. The diversification of our portfolio provides stability through an extremely low-default rate, offering investors a secure investment with an attractive rate of return. The initial target yield to our investors is 8.75% (F Class share), net of all fees and expenses.
Our investors can gain the benefit of compounding their return by choosing to take advantage of our automatic dividend reinvestment plan (DRIP). Alternatively, investors can receive their monthly dividends by direct deposit to a specified account.
The Benefits of Investing in RiverRock MIC
- Real Estate Security: RiverRock holds 1st or 2nd mortgages on the subject property. All mortgages have title insurance held by First Canadian Title.
- RRSP / RRIF / TFSA Eligible: Hold your RiverRock MIC in a self-directed RRSP, TFSA or RRIF.
- Stable Returns: Target yield of 8.75% (F Class). We have paid our investors 7% or more annually since inception.
- Professional Management: The Principals of RiverRock MIC have decades of mortgage and investment experience.
- Diversification: Investors own shares in a diversified portfolio of mortgage loans.
- Regular Income: Investors receive their dividends on a monthly basis.
PERFORMANCE
We have generated a net return of 7% (F Class) or higher each year since inception. Our alternative lending model has seen steady growth through a diversified approach to investing in residential real estate markets like the Greater Toronto Area (GTA), Hamilton, Kitchener, Niagara, and Barrie.
RiverRock has modelled our portfolio and we are pleased to inform you that we will be increasing the target yield effective January 1, 2024 as follows:
- Class "A" – 8.25% increasing to 8.50% (including DRIP 8.83%)
- Class “F” – 8.50% increasing to 8.75% (including DRIP 9.11%)
- Class “N” – 7.50% increasing to 7.75% (including DRIP 8.03%)
As a leading lender in Ontario, our mortgage portfolio provides stability, liquidity, and consistent growth during volatile times. We have proven investment expertise in creating a blended portfolio of first and second mortgages, consisting of a variety of residential properties in geographic regions in Ontario that shields your investment against market volatility. This portfolio strategy provides you with a steady stream of monthly income that grows over time.
A team of committed, capable professionals with a proven record of consistent returns manages RiverRock Mortgage Investment Corporation. Our management group has substantial career experience in all facets of the mortgage industry, portfolio management, financial services, risk management, and real estate appraising. Our expertise and knowledge and our propriety underwriting model in the alternative lending industry gives us insights into what properties to lend on and how to manage delinquent files. Our performance since inception proves that this model and managements expertise provides a steady annualized return.
Reference Fact Sheets linked above to view the returns chart for each Class.
HOW TO INVEST
RiverRock MIC is available to both individual and institutional investors. The minimum investment is $150,000 ($25,000 for accredited investors). Should you have any questions, please do not hesitate to contact us at 416-504-1886
(1) INDIVIDUAL INVESTORS
- Invest directly with RiverRock (non registered assets only)
- Invest inside your RRSP, RRIF, TFSA
- Invest through your Investment Advisor
(2) INSTITUTIONAL INVESTORS
For further information, please call Nick Kyprianou at 416-504-1886
Please contact Jesse Gamble at jesse@donvillekent.com or call 416-364-9906 for our Offering Memorandum.
*BELOW IS INVESTMENT ADVISOR INSTRUCTIONS*
Step One
Offering Memorandum: For a copy of our current Offering Memorandum or for any other inquiries related to RiverRock MIC, please contact your investment advisor.
Complete the Subscription Agreement - ACCREDITED (Class A Shares): ENG
Complete the Subscription Agreement - ELIGIBLE (Class A Shares): ENG
Complete the Subscription Agreement - ACCREDITED (Class N and F Shares): ENG
Complete the Subscription Agreement - ELIGIBLE (Class N and F Shares): ENG
Complete the Additional Subscription Agreement: ENG
Step Two – Enter the Order
Place the order electronically through FundSERV:
RiverRock MIC
Class F DON 913
Class N DON 914
Step Three
Dealers/Advisors are required for all initial purchases to deliver a copy of the completed Subscription Agreement on the date the order is placed to RiverRock MIC via:
Email to subdocs@riverrockmic.com
For sales inquires, please contact Ninepoint Partners at:
Toll Free: 1.866.299.9906
Email: invest@ninepoint.com