Aviawest Mortgage Investment Corporation

The MIC's mandate is to invest in residential and commercial real estate, of which 50% or more shall always be invested in residential real estate, in order to allow investors to contribute registered and/or unregistered funds.

Yes. The funds would be used for mortgages on residential vacation homes at Pacific Shores and Parkside, as well as mortgages on Aviawest commercial space at these resorts, including Spas and Restaurants, and finally for mortgages to purchasers who are buying fractional interests at the two resorts.

To minimize risk, the maximum loan to value ratio on any investment made by the MIC will be 75% of its independently appraised value. There will be no "high leverage" loans.

In terms of your dividends, you have two options. The default method will be to simply accrue your returns annually and "roll" them back into the MIC.

The second choice will be to elect to receive a quarterly dividend payment, representing your share of the profits of the MIC for that quarter, either directly into your bank account or in the mail to your home.

Since 2003, the average return for the PS MIC (which Aviawest developed) has never been less than 10%, which was well in excess of what GICs paid. Management’s objective is to achieve the best return possible given a prudent approach, the market conditions, and the opportunities presented.

Yes. Absolutely. The best part about the Aviawest "MIC" is that it is RRSP, LIRA, RRIF, LRIF eligible. Cash investments are welcome as well.

You are able to contribute as little as $5000 to get started, and then in subsequent increments of only $1,000.

There is no set term to a MIC, and investors will be able to request the return of their principal by giving 180 days notice after their investment is in place for 1 year. The MIC will then return the principal and any accrued interest/dividends to the investor as soon as funds are available.

The United Nations Tourism Organization has forecast global tourism to double from 800 million tourists in 2008, to 1.6 billion by 2020. Tourism appears to be a very robust industry to invest in.

Yes. We are happy to share the annual rate of returns at your request. We also have many happy investors which are willing to tell you about their great experience investing with Aviawest and the PS MIC.

Unfortunately no. You must be a resident of Canada to invest in a MIC. However on an individual basis there may be an opportunity for non-residents to invest directly in individual residential mortgages. Contact us for more information.

That corporation is closed for additional funds right now until some of its investments mature to completion. The PS MIC invested in a project which has unusually high (forecast/potential) returns and the investors don't want to dilute that with new entrants to the MIC. Further, the PS MIC was developed under a closely held friends, family and associates exemption. So, the AMIC is the logical next step in a formalized investment vehicle which Aviawest can offer to all its owners, and the general public.