Liahona Mortgage Investment Corp. (LMIC)
Managed by Liahona Capital Inc.
Data as of: April 1, 2026 · 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
$84M CAD
2025 return
7.7%
LTV
66%
Management fee
3%
About Liahona Mortgage Investment Corp. (LMIC)
Established in 2006, Liahona Mortgage Investment Corp. is a specialized alternative lender providing first and second mortgages across Ontario. The fund concentrates on residential properties, with a distinct focus on rural areas, small towns, and cottages, alongside select commercial and construction loans. As a flow-through entity, the MIC distributes all net profits to shareholders as quarterly dividends. Available to accredited and eligible investors via the Offering Memorandum exemption, the fund is RRSP and TFSA eligible.
The fund reports approximately $84M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The portfolio is highly concentrated in Ontario.
At a glance
| Assets under management (AUM) | $84M CAD |
| 2025 return | 7.7% |
| Overall LTV | 66% |
| First mortgages (as a % of the portfolio) | 91% |
| Property focus | Residential (74%) / Construction (17%) / Commercial (8%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Liahona Mortgage Investment Corp. (LMIC) portfolio and performance
The portfolio is composed of residential mortgages (74%), construction mortgages (17%) and commercial mortgages (8%).
| Property Type | Share (%) |
| Residential | 74% |
| Construction | 17% |
| Commercial | 8% |
Liahona Mortgage Investment Corp. (LMIC) has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
Liahona Mortgage Investment Corp. (LMIC) returns
| Calendar year | Net return |
| 2023 | 8.3% |
| 2024 | 8% |
| 2025 | 7.7% |
Liahona Mortgage Investment Corp. (LMIC) facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Liahona Capital Inc. |
| Latest data | April 1, 2026 |
Mortgage portfolio
| First mortgages | 91% |
| Overall LTV | 66% |
| Property focus | Residential |
Fees
| Management fee | 3% |
| Performance fee | No |
Who can invest in Liahona Mortgage Investment Corp. (LMIC)?
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 Liahona Capital Inc.
Incorporated in 2013, Liahona Capital Inc. is an Ontario-based financial services firm registered as an Exempt Market Dealer (EMD) with the Ontario Securities Commission. The firm primarily distributes shares for its affiliated fund, Liahona Mortgage Investment Corp. (LMIC), alongside various third-party alternative investment products. Liahona Capital provides investors with access to the private capital market, focusing on alternative investments designed for income and capital preservation. The firm also provides ongoing regulatory compliance and administration services for other exempt market offerings.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 66%.
Yes. It is available to individual investors.
The fund is managed by Liahona Capital Inc..
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