Sinclair-Cockburn Mortgage Investment Corporation (SCMIC)
Managed by Sinclair-Cockburn Financial Services Inc.
Data as of: December 30, 2025
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
$109M CAD
2025 return
5.4%
Management fee
2.04%
First mortgages
64%
About Sinclair-Cockburn Mortgage Investment Corporation (SCMIC)
Launched in the spring of 2005, Sinclair-Cockburn Mortgage Investment Corporation (SCMIC) is a private mortgage lender based in Ontario. Starting with an initial $3.3 million, the fund has grown to around $108 million in 2025, focusing on providing a steady return of income to its investors. SCMIC specifically caters to smaller borrower clients who face challenges raising capital through traditional banking sources. SCMIC shares are distributed privately through its affiliated manager, relying primarily on the accredited investor exemption.
The fund reports approximately $109M CAD in assets.
The portfolio has a meaningful mix of first and subordinate mortgage positions.
The latest annual return declined from 7.6% in 2024 to 5.4% in 2025.
The portfolio is diversified across Ontario, Quebec and Alberta.
At a glance
| Assets under management (AUM) | $109M CAD |
| 2025 return | 5.4% |
| First mortgages (as a % of the portfolio) | 64% |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Sinclair-Cockburn Mortgage Investment Corporation (SCMIC) portfolio and performance
Sinclair-Cockburn Mortgage Investment Corporation (SCMIC) has a focus on Ontario, with 39.9% of its mortgages located in Ontario, followed by Quebec (23.8%), Alberta (22.7%), Atlantic Canada (4.9%), SK (4.5%), BC (3.4%), MB (0.8%).
| Province/Region | Share (%) |
| Ontario | 39.9% |
| Quebec | 23.8% |
| BC | 3.4% |
| Alberta | 22.7% |
| SK | 4.5% |
| MB | 0.8% |
| Atlantic Canada | 4.9% |
Sinclair-Cockburn Mortgage Investment Corporation (SCMIC) returns
| Calendar year | Net return |
| 2023 | 8.4% |
| 2024 | 7.6% |
| 2025 | 5.4% |
Sinclair-Cockburn Mortgage Investment Corporation (SCMIC) facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Sinclair-Cockburn Financial Services Inc. |
| Latest data | December 30, 2025 |
Mortgage portfolio
| First mortgages | 64% |
Fees
| Management fee | 2.04% |
| Performance fee | No |
Who can invest in Sinclair-Cockburn Mortgage Investment Corporation (SCMIC)?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $150,000.
About Sinclair-Cockburn Financial Services Inc.
Sinclair-Cockburn Financial Services Inc. serves as the manager and affiliated dealer for SCMIC. The firm's origins date back to August 1997 when Ken Sinclair sought to create a financial services division for his insurance clients, bringing in Chris Pridham to manage it. Expanding into a mortgage brokerage operation in 2001, the Richmond Hill, Ontario-based firm manages SCMIC's lending and administrative duties. The founders and owners maintain long-established relationships with their investors, and the firm acts as an intermediary for borrowers needing alternatives to traditional banking.
Frequently asked questions
Yes. It is available to individual investors.
The fund is managed by Sinclair-Cockburn Financial Services Inc..
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