To invest, you purchase shares in JayFund Inc., where your funds join together with other investors funds to create a ‘pool’ of capital available for real estate mortgage loans.

JayCap, the manager and administrator of JayFund, ensures that all approved mortgages meet strict lending criteria, are underwritten and reviewed within established guidelines. All proposed loans are reviewed by JayCap’s experienced Loan Evaluations Committee, and if approved are diligently managed until repaid in full.

Investors earn income generated by the interest that is paid from the borrower. The profits associated with this income are then distributed to investors following the payment of all administrative fees and expenses. Because a MIC is a corporation designated for special tax consideration in accordance with Canada Customs and Revenue Agency guidelines, all net income earned within JayFund is distributed to investors therefore comprising a unique and attractive investment opportunity for Canadians.

As with bank or trust mortgages, JayCap ensures all documentation, security registration and disbursement of funds are prepared and handled by a registered broker and lawyer.