FCC is the Mortgage Banker for various discretionary lending entities, including, since 1999, the publicly traded MIC, Firm Capital Mortgage Investment Corporation (TSX: FC). In 2021, FCC completed $1,050 million in new mortgage financing transactions.
There is a mismatch between home supply and demand and the population boom is contributing to the divide. Therefore, the supply of new homes (rental and owner occupied) in Ontario will likely worsen in the short term.
Firm Capital Corporation’s Multi-Residential Mortgage Program will provide bridge 1st & 2nd mortgages for acquisitions, lines of credit or capital improvements including conventional or high ratio secondary debt, plus construction financing for purpose-built rental projects.
To investors in our public companies; Beyond the health of the world population, COVID-19, otherwise known as the Coronavirus, has had a severe impact on world financial markets. To date, both the DJIA and TSX are down 25% and 31%,
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