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Understanding Mortgage Investment Corporations - A Conversation with Pino Decina
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In this episode of Within Reach, host Juliana Pallotta interviews Pino Decina, president and founder of Falcon Ridge Management Limited and Abbey Ridge Mortgage Investment Corporation. With over 25 years of experience in financial and real estate sectors, Pino provides valuable insights into Mortgage Investment Corporations (MICs), their operation, benefits, and how they serve as an alternative investment vehicle in the Canadian real estate market.
Learn more: https://abbeyridgemic.ca/
Key Takeaways
· MICs provide an alternative fixed income investment opportunity with lower barriers to entry
- Investors can pool money together to invest in mortgages with as little as $20,000-$25,000
- MICs offer portfolio diversification across multiple mortgages, reducing individual risk
- Approximately 20-25% of Canadian mortgages are held outside mainstream banks
- Proper underwriting and risk management are crucial for MIC success
- MICs should be viewed as medium to longer-term investments
Notable Timestamps
[00:00:00] Introduction to MICs and their basic structure
[00:03:00] Pino's background and journey in the financial space
[00:04:00] Detailed explanation of how MICs operate
[00:08:00] Discussion of diversification benefits
[00:11:00] Investment risk profiles and returns
[00:14:00] Redemption policies and investment timeframes
[00:21:00] Success stories and compound interest benefits
[00:25:00] Market conditions and economic impact on MICs
[00:29:00] The role of MICs in the Canadian marketplace
[00:31:00] Future opportunities and construction financing
Notable Quotes
"A mortgage investment corporation in its simplest form is an alternative fixed income investment... where investors can come together, pool their money, and purchase shares in the company."
"If you get a seven percent return on an asset... the investment should double every seven [years]."
"One in four to one in five Canadians hold mortgages outside of a mainstream bank."
"We stick to our knitting... we know that the market is ever changing, it always has been, always will be, and we'll continue to look for the right opportunities."
Guest Information
- Guest: Pino Decina
- President and founder of Falcon Ridge Management Limited
- Founder of Abbey Ridge Mortgage Investment Corporation
- Over 25 years of experience in financial and real estate sectors
- Specializes in residential mortgage space across Canada
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Giuliana Pallotta, Broker
Coldwell Banker Ronan Realty, Brokerage
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And just a quick reminder, the content provided in this podcast is for entertainment purposes only. We are not offering professional, real estate, legal, or financial advice, and we recommend consulting with the appropriate experts before making any real estate decisions. Neither the host nor the guests or production company are liable for any actions taken based on this podcast.
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