Amber Mortgage Investment Corp.
Managed by Amber Financial Services Corporation
Data as of: February 15, 2023 · View latest fund facts
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
AUM
$142M CAD
LTV
65%
Management fee
2%
First mortgages
40.7%
About Amber Mortgage Investment Corp.
Amber Mortgage Investment Corp. is a British Columbia-based Mortgage Investment Corporation managed by Amber Financial Services Corp. The fund pools capital to finance alternative, short-term first and second mortgages across BC and Ontario, offering maximum loan-to-value ratios up to 75%. While historically marketing a diversified portfolio, the fund recently faced investor lawsuits. These civil claims allege the fund over-concentrated its assets by investing roughly 60% of its pool into a single troubled $50-million residential development in Surrey, BC.
The fund reports approximately $142M CAD in assets.
The portfolio has a meaningful mix of first and subordinate mortgage positions.
At a glance
| Assets under management (AUM) | $142M CAD |
| Overall LTV | 65% |
| First mortgages (as a % of the portfolio) | 40.7% |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Amber Mortgage Investment Corp. portfolio and performance
Amber Mortgage Investment Corp. returns
| Calendar year | Net return |
| 2023 | 8% |
Amber Mortgage Investment Corp. facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Amber Financial Services Corporation |
| Latest data | February 15, 2023 |
Mortgage portfolio
| First mortgages | 40.7% |
| Overall LTV | 65% |
| Leverage | Yes, the fund uses leverage. This means the fund borrows additional money and combines it with investor capital to fund more mortgages. Leverage can increase returns when the portfolio performs well, but it also adds interest costs and can magnify losses. |
Fees
| Management fee | 2% |
| Performance fee | None disclosed |
Who can invest in Amber Mortgage Investment Corp.?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $10,000.
The minimum investment amount through an advisor or dealer is $10,000.
About Amber Financial Services Corporation
Founded in 2015 and based in Richmond, BC, Amber Financial Services Corporation operates as a mortgage brokerage and alternative investment fund manager. The firm originates and underwrites first and second mortgages, bridge loans, and commercial financing across British Columbia and Ontario. It manages its subsidiary, Amber Mortgage Investment Corp.. Recently, the management company has faced regulatory scrutiny and investor lawsuits concerning corporate governance and alleged high-concentration risk in a troubled real estate development. The firm’s historical assets under management were reported near $200 million.
Frequently asked questions
The fund reports a weighted-average LTV of 65%.
Yes. It is available to individual investors.
The fund is managed by Amber Financial Services Corporation.
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