RESCO Mortgage Investment Corporation
Managed by Radiance Mortgage Brokerage Inc.
Data as of: March 31, 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
$65M CAD
2025 return
7.73%
LTV
71.8%
Management fee
0.75%
About RESCO Mortgage Investment Corporation
Incorporated in 2013, RESCO Mortgage Investment Corporation is an Ontario-based alternative lending fund managing over $65 million in assets. The fund primarily invests in short-term residential 1st and 2nd mortgages, with the vast majority held in first position. Maintaining a conservative average Loan-to-Value (LTV) near 72%, the portfolio is highly diversified across Ontario. RESCO caters to accredited investors seeking stable passive income without stock market volatility. Eligible for registered accounts (RRSP, TFSA), the fund has consistently targeted a steady 8.00% annual yield, paid monthly.
The fund reports approximately $65M CAD in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
The portfolio is concentrated in Residential mortgages.
The portfolio is highly concentrated in Ontario.
At a glance
| Assets under management (AUM) | $65M CAD |
| 2025 return | 7.73% |
| Overall LTV | 71.8% |
| First mortgages (as a % of the portfolio) | 77% |
| Property focus | Residential (94%) / Unclassified (6%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
RESCO Mortgage Investment Corporation portfolio and performance
The portfolio is composed of residential mortgages (94%) and unclassified mortgages (6%).
| Property Type | Share (%) |
| Residential | 94% |
| Unclassified | 6% |
RESCO Mortgage Investment Corporation has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
RESCO Mortgage Investment Corporation returns
| Calendar year | Net return |
| 2023 | 8% |
| 2024 | 8% |
| 2025 | 7.73% |
RESCO Mortgage Investment Corporation facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Radiance Mortgage Brokerage Inc. |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 77% |
| Overall LTV | 71.8% |
| Property focus | Residential |
Fees
| Management fee | 0.75% |
| Performance fee | No |
Who can invest in RESCO Mortgage Investment Corporation?
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 Radiance Mortgage Brokerage Inc.
Radiance Mortgage Brokerage Inc. manages RESCO MIC from Richmond Hill, Ontario. The team applies banking and risk management expertise to underwrite highly diversified, short-term residential mortgages (typically 6 to 24 months). Radiance strictly avoids land development and construction lending, focusing exclusively on existing, marketable properties in major urban centers. To protect investor capital, the manager enforces a maximum 85% Loan-to-Value (LTV) limit and conducts rigorous quantitative borrower evaluations. This strict risk management framework actively prioritizes capital preservation while ensuring steady distributions.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 71.8%.
Yes. It is available to individual investors.
The fund is managed by Radiance Mortgage Brokerage Inc..
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