From Don's Desk
ACIC's Performance
Another part of the return on an ACIC investment
ACIC's Performance
Jul 07 2010
Probably the best-read articles in our e-news are the ones that describe specific properties and projects that ACIC has financed. Each one is a concrete illustration of our investment strategy in action. And the fact that these stories are as clear and compelling as they are is a big part of what attracts many investors to ACIC.
Daycare property attracts strong re-financing interest
ACIC's Performance
Jun 07 2010
ACIC was recently paid out on a one-year, $3.3 million first-mortgage financing on a daycare property in Vancouver’s False Creek area. The property now has an appraised value of $6.5 million, resulting in a loan-to-value of 51 per cent, and is generating a strong and improved income stream. ACIC financing enabled the owner to re-develop what had previously been an under-performing strip mall.
Pemberton Financing Delivered 9.5% Over Three Years
ACIC's Performance
May 04 2010
ACIC was recently paid out in full on a first-mortgage financing of a commercial property in Pemberton, BC, just north of Whistler. The building houses an automotive and truck repair business, operated by the borrower. The $100,000 mortgage was issued in February 2007 and was used for property repairs and upgrades.
Squamish financing delivered 10.5%
ACIC's Performance
Apr 05 2010
A recent payout on a two-year second mortgage illustrates all the elements that are key to ACIC’s business strategy: a low loan-to-value ratio, an attractive interest rate, and a property upgrade followed by refinancing and payout.
Moving Into 2010 – With Optimism and Caution
ACIC's Performance
Jan 04 2010
As we look ahead to a new year and a new decade, our mood here at ACIC could perhaps best be described as cautiously optimistic. There’s reason to believe that the worst of last year’s recession is already behind us, and housing prices and some other economic indicators have made a remarkable rebound...
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