Striving to be Canada's best alternative mortgage lender
Welcome to AP Capital, a Vancouver, Canada based non-bank alternative lender operating in the private credit space. We take pride in our role as a leading mortgage lender, offering a unique product at higher interest rates than conventional prime lending. Since our inception in 2007, we have advanced and managed over 2,000 mortgages, becoming a trusted partner for over 1,350 investors, mortgage brokers, financial advisors, institutional investors, family offices, and other professionals in the mortgage and financial industries.
at AP Capital, we are committed to being Canada's best alternative mortgage lender. Our success is built on consistent yield, capital preservation, and flexibility, offering borrowers a reliable alternative to traditional bank financing. We specialize in funding and managing a diverse portfolio of hundreds of mortgages secured primarily by residential detached homes in major urban cities and communities in Western Canada.
Investment Strategy
At AP Capital Mortgage Investment Corporation (MIC), we are a residential alternative non-bank mortgage lender. Our experienced underwriting team carefully reviews mortgage applications submitted through independent mortgage brokers and selects only those that align with our investment strategy.
Our mortgage products are priced higher than banks, typically 4-5% higher than conventional bank financing. This premium reflects the unique borrower profiles we serve, who often find it challenging to secure traditional bank financing. Our target borrowers include business-for-self (BFS) Canadians and other niche segments seeking short-term solutions. We offer solely 1-year term mortgages, providing borrowers with the flexibility they need while maximizing returns for our investors.
Key Personnel
Our dedicated team of professionals is the backbone of our success. Comprising directors, officers, and an advisory board, our key personnel bring a wealth of experience from various sectors, including mortgage origination, underwriting, finance, law, and real estate. Together, we share a common goal of providing exceptional service to our investors, mortgage brokers, and borrowers, fostering long-lasting relationships based on transparency, trust, and integrity.
History
Launched in 2007, AP Capital Mortgage Fund has advanced more than $905MM in mortgages to borrowers in Canada; over 2,000 mortgages funded since inception. The MIC fund's 10-year annual rate of return is 7.75% with no shareholder losses since inception. In 2024, the fund is tracking above the 10-year average and expect to yield 8.50 - 9.25% to shareholders. Dividends are paid monthly, with the fund's 171st consecutive monthly dividend paid on June 1, 2024 (172nd on July 1).
Directors & Officers
AP Capital's directors and officers are committed to upholding the highest standards of corporate governance, ensuring the company's long-term success and sustainability. Comprising experienced professionals from various industries, our board provides strategic direction, oversight, and guidance, ensuring AP Capital remains a trusted partner for our investors, mortgage brokers, and borrowers.
Advisory Board
AP Capital's advisory board serves as a valuable resource, offering expert advice and insights from various sectors. Our advisors' knowledge and experience contribute significantly to our investment strategy, risk management, and overall corporate decision-making.
Overview
AP Capital, a private lender, has received mixed reviews from customers and clients. The feedback varies from terrible interest rates and confusing payment statements to positive experiences and great financing options.
Negative Feedback
A few customers have expressed dissatisfaction with AP Capital, highlighting issues such as terrible interest rates, awful fees, and confusing payment statements. Some have noted that the company does not report to credit agencies, which means even if payments are made on time, it does not reflect positively on their credit report.
Positive Feedback
On the other hand, many clients have had positive experiences with AP Capital. They have praised the lender for being personable, kind, and caring. Some have highlighted the quick response, hard work, and dedication of the staff, especially in finding financing options for clients.
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