38 min
Fireside Chat with Jesse Bobrowski on how to Invest in a MIC (Mortgage Investment Corporation) The Game for Real Estate Investors and Developers
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- Investing
Involved in many facets of the lending process, Jesse creates and builds vital relationships with investors. He also assists with underwriting, regulatory compliance, and preventative loss analysis. Jesse has a passion for helping people reach their financial goals. He’s focused on discovering quality opportunities to lend money and provide sufficient capital to fund exciting opportunities. Jesse is the father of two young children. Beyond work, his passions extend to skiing, fishing, mountain biking, and continuous learning."
[00:01 - 15:16] Short-Term Residential Lending for Real Estate Investors
Based in Calgary, Alberta, Cal Home Mortgage specializes in short-term residential lending for properties with 16 units or less in major urban centers
They provide real estate investors with short-term capital for buying, renovating, and stabilizing income-generating properties
With 300 million dollars of capital, they manage risk through underwriting and in-house appraisers to ensure accurate data
Borrowers must make at least 50% net profit after fees to be approved for a loan, and their return to shareholders is leveraged through a bank facility
[15:17 - 29:46] Real Estate Investing and Sophisticated Investors
Cal Home Mortgage Investment Corporation is ideal for volume flippers or trades supplementing income, requiring good credit, capital, and experience
The minimum investor requirement is accredited, and Calvert seeks larger average investments than three years ago
Calvert expects returns of 8-10% annually, but warns that lending rates may increase due to rising interest rates
Equity is for renovations and buying, with no minimum investment required
[29:47 - 38:37] Assessing Commercial Real Estate Opportunities
Calvert Holmes is a private money lender with access to an operational line of credit of up to 200 million dollars
They offer a return of 10.5% to shareholders by leveraging bank funds, which reduces risk and increases returns
Calvert Holmes does not use seminars or advertising to attract investors
With a focus on short-term residential lending and a minimum investor requirement of being accredited, Calvert Holmes is an attractive option for those seeking high returns on their investments
Connect with Jesse
Email: Jesse@chmic.ca
Mobile Number: (403) 617-9931
You can connect with me on LinkedIn, follow me on Twitter, and watch my videos on YouTube. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money
LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.
Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.
Tweetable Quote:
“Good fences build good neighbors. And again, just being really transparent in what we are and what we do and, and what they're putting their money into.” - Jesse Bobrowski
Involved in many facets of the lending process, Jesse creates and builds vital relationships with investors. He also assists with underwriting, regulatory compliance, and preventative loss analysis. Jesse has a passion for helping people reach their financial goals. He’s focused on discovering quality opportunities to lend money and provide sufficient capital to fund exciting opportunities. Jesse is the father of two young children. Beyond work, his passions extend to skiing, fishing, mountain biking, and continuous learning."
[00:01 - 15:16] Short-Term Residential Lending for Real Estate Investors
Based in Calgary, Alberta, Cal Home Mortgage specializes in short-term residential lending for properties with 16 units or less in major urban centers
They provide real estate investors with short-term capital for buying, renovating, and stabilizing income-generating properties
With 300 million dollars of capital, they manage risk through underwriting and in-house appraisers to ensure accurate data
Borrowers must make at least 50% net profit after fees to be approved for a loan, and their return to shareholders is leveraged through a bank facility
[15:17 - 29:46] Real Estate Investing and Sophisticated Investors
Cal Home Mortgage Investment Corporation is ideal for volume flippers or trades supplementing income, requiring good credit, capital, and experience
The minimum investor requirement is accredited, and Calvert seeks larger average investments than three years ago
Calvert expects returns of 8-10% annually, but warns that lending rates may increase due to rising interest rates
Equity is for renovations and buying, with no minimum investment required
[29:47 - 38:37] Assessing Commercial Real Estate Opportunities
Calvert Holmes is a private money lender with access to an operational line of credit of up to 200 million dollars
They offer a return of 10.5% to shareholders by leveraging bank funds, which reduces risk and increases returns
Calvert Holmes does not use seminars or advertising to attract investors
With a focus on short-term residential lending and a minimum investor requirement of being accredited, Calvert Holmes is an attractive option for those seeking high returns on their investments
Connect with Jesse
Email: Jesse@chmic.ca
Mobile Number: (403) 617-9931
You can connect with me on LinkedIn, follow me on Twitter, and watch my videos on YouTube. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money
LEAVE A REVIEW + help someone invest in commercial real estate with confidence by sharing this episode or clicking here to listen to our previous episodes.
Follow The Investing Podcast on all Streaming platforms. Deezer, Apple Podcasts, Google Podcasts, Spotify, or visit our YouTube Channel.
Tweetable Quote:
“Good fences build good neighbors. And again, just being really transparent in what we are and what we do and, and what they're putting their money into.” - Jesse Bobrowski
38 min