CareVest Senior Mortgage Investment Corporation
Managed by CareVest Management Corp.
Data as of: December 31, 2025 · 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
$54M CAD
2025 return
5.39%
LTV
57.6%
Management fee
1.35%
About CareVest Senior Mortgage Investment Corporation
CareVest Senior Mortgage Investment Corporation is a specialized fund managed by CareVest Management Corp. that focuses on lower-risk alternative lending. It historically sought to generate steady income and preserve capital by investing primarily in first-position (senior) mortgages secured by Western Canadian real estate. Please note that CareVest Senior Mortgage Investment Corporation is strictly administering its existing portfolio and is not currently selling shares or accepting new investments.
The fund reports approximately $54M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The latest annual return declined from 6.8% in 2024 to 5.39% in 2025.
The portfolio is concentrated in Residential mortgages.
The portfolio is highly concentrated in BC.
At a glance
| Assets under management (AUM) | $54M CAD |
| 2025 return | 5.39% |
| Overall LTV | 57.6% |
| First mortgages (as a % of the portfolio) | 100% |
| Property focus | Residential (89.7%) / Commercial (10.3%) |
| Structure | Private Corporation (MIC) |
| Investor access | Institutional only |
CareVest Senior Mortgage Investment Corporation portfolio and performance
The portfolio is composed of residential mortgages (89.7%) and commercial mortgages (10.3%).
| Property Type | Share (%) |
| Residential | 89.7% |
| Commercial | 10.3% |
CareVest Senior Mortgage Investment Corporation has a focus on BC, with 89.8% of its mortgages located in BC, followed by Alberta (10.2%).
| Province/Region | Share (%) |
| BC | 89.8% |
| Alberta | 10.2% |
CareVest Senior Mortgage Investment Corporation returns
| Calendar year | Net return |
| 2023 | 7.22% |
| 2024 | 6.8% |
| 2025 | 5.39% |
CareVest Senior Mortgage Investment Corporation facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | CareVest Management Corp. |
| Latest data | December 31, 2025 |
Mortgage portfolio
| First mortgages | 100% |
| Overall LTV | 57.6% |
| Property focus | Residential |
| Leverage | No, the fund does not use leverage. This means the fund uses only investor capital, rather than borrowed money, to fund its mortgage portfolio. This avoids borrowing costs and reduces the additional risks associated with leverage. |
Fees
| Management fee | 1.35% |
| Performance fee | 20% of the amount by which the Net Return of the Class A Shares exceeds the product of (a) the average month-end NAVs during such year, and (b) the average of the two-year Government of Canada bond yield on the last day of each calendar month during the year plus 400 basis points. |
Additional fund details
CareVest Senior MIC is not currently selling shares.
Who can invest in CareVest Senior Mortgage Investment Corporation?
Institutional access only
This fund is offered to Canadian institutional investment professionals only and is not available to individual investors.
Minimum investment terms are not publicly disclosed.
About CareVest Management Corp.
Founded in 2010, CareVest Management Corp. is a British Columbia-based investment fund manager. It oversees a group of Mortgage Investment Corporations (MICs) that facilitate alternative financing for commercial and residential real estate developers in Western Canada. As the central management entity, the firm is responsible for fund administration, regulatory compliance, calculating net asset values, and overseeing shareholder relations for its portfolio of mortgage funds.
Compare other funds by CareVest Management Corp.
CareVest Management Corp. manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| CareVest Mortgage Investment Corporation | Residential mortgages | $60M CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 57.6%.
No. It is offered to institutional investors.
The fund is managed by CareVest Management Corp..
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