Advanced Mortgage Investment Corporation, or AMIC, is a member of the Advanced Group of Companies and is a mortgage investment corporation (incorporated in the province of Ontario) offering preferred shares for purchase by accredited investors or to non-accredited investors as allowed under certain prospectus exemptions.
AMIC uses its pooled share capital to fund primarily residential mortgages in Ottawa and surrounding areas of Eastern Ontario.
While AMIC itself is not registered with or licenced by any provincially regulated entity, AMIC's related and connected companies are registered or licenced as follows:
AMIC was incorporated on September 3, 2013, pursuant to the Canada Business Corporations Act (the “CBCA”). The head and registered office of the Corporation is located at 788 Island Park Drive, Ottawa, Ontario, K1Y 0C2. AMIC is registered extra-provincially in the Province of Ontario.
AMIC's president and CEO Michael Hapke was tapped by journalist David Sali of the Ottawa Business Journal to speak for the mortgage investment industry in a February 2019 article on alternative lending.
The full article is available here.