GMIC Highlight

Attractive and Stable Monthly Cash Dividends

TTM Yield of 8.24%1,2 Per Annum

Experienced Board and Management Team

Conservative Operating Strategy

 
 

Mortgage Portfolio Highlights -September 30, 2018

Total Mortgage Portfolio $ 99.34 million
Number of Mortgage Investments  82
Average Face Interest Rate 10.57%
Percentage of Portfolio which are First Mortgages 31.46%
Percentage of Portfolio which are Second Mortgages 68.54%

 

Mortgages by Interest Rate

 RATE 4

 

 

Interest Balance % of Total Participation # of Loans
8% or Lower $600,000.00 0.60% 1
8.01% - 9% $400,000.00 0.40% 2
9.01% - 10% $32,507,500.00 32.72% 22
10.01% - 11% $43,815,400.00 44.11% 49
11.01% - 12% $15,417,415.97 15.52% 5
12.01% or Greater $6,600,000.00 6.64% 3
Total $99,340,315.97 100.00% 82

 

 

Mortgages by Property Type 

RATE 2

 

Type Balance % of Total Participation # of Loans
Single Family Dwellg $               48,673,315.97 49.00% 51
Land $               18,975,000.00 19.10% 5
Construction $               12,230,000.00 12.31% 8
Commercial $               11,460,000.00 11.54% 7
Condo $                 7,642,000.00 7.69% 9
Townhouse $                   360,000.00 0.36% 2
Total  $               99,340,315.97 100.00% 82

 

Mortgages by Position

 RATE 3

Position Balance % of Total Participation # of Loans
First $               31,247,500.00 31.46% 14
Second $               68,092,815.97 68.54% 68
Total  $               99,340,315.97 100.00% 82

The weighted average loan-to-value ratio in our mortgage portfolio is 59.14%. 

1. As at September, 2018  

2. Excluding Special Dividends