Atrium Mortgage Investment Corporation

Atrium Mortgage Investment Corporation Canada's Premier Non-Bank Lender™. TSX: AI At any point in time, over 60% of our portfolio is composed of repeat developer clients.

Atrium MIC (“Atrium”) is a Canadian non-bank lender and one of the largest mortgage investment corporations in Canada, providing creative financing solutions to real estate communities in Ontario, Alberta and British Columbia since 2001. Atrium is publicly traded on the TSX under the symbol “AI” with a mortgage portfolio of $700 million as of September 30, 2020. Atrium offers mortgages typically r

anging from $1.0 million to $50 million secured by all types of residential, multi-residential and commercial real property located in Canada, with a major focus in the Greater Toronto Area and Greater Vancouver Area. Atrium is also a market-leading provider of land acquisition and mezzanine construction financing, with a dedicated origination team possessing a breadth of market knowledge and experience that allows the team to quickly understand and underwrite lending opportunities and provide borrowers with a high level of service and efficient closings. The company is relationship focused and strives to maintain its industry reputation for reliability, flexibility, creativity and fast turnaround, which is particularly valued by a loyal following of developer clients. Canadian Mortgage Capital Corporation - The Manager
Atrium was founded and is exclusively managed by Canadian Mortgage Capital Corporation (“CMCC”), a major mortgage brokerage company based in downtown Toronto, with offices in Vancouver and Calgary. CMCC has approximately $1.6 billion of assets under management, and manages a variety of lending platforms for public and private investors, including institutional investors. These platforms traverse the full risk spectrum, from low-risk institutional mortgage funds to higher-risk mezzanine and equity funds. Our responsibilities include origination, underwriting, portfolio management and servicing of these portfolios.

Atrium Mortgage Investment Corporation (TSX: AI) is proud to report strong Q3 2024 results, continuing to deliver solid ...
11/18/2024

Atrium Mortgage Investment Corporation (TSX: AI) is proud to report strong Q3 2024 results, continuing to deliver solid growth and returns for our shareholders. With earnings per share of $0.26 - up from $0.25 last year - we are pleased to announce an increase in our monthly dividend by 3.3%, from an annual rate of $0.90 to $0.93 per share, effective December 2024.

Atrium’s lending strategy remains robust and prudent. Our mortgage portfolio reached a record high of $926.3 million and is anchored by first mortgages, which account for 97.3% of our portfolio, and at an average loan-to-value ratio of 64.1%. Despite market challenges, our year-to-date earnings per share of $0.79 marks our second-best nine-month result, highlighting the resilience of our portfolio.

Our recent common share offering, which raised $28.8 million, reinforces Atrium’s liquidity and positions us for continued growth. “We were gratified by the overwhelming investor demand for this offering,” said CEO Rob Goodall. “Our conservative 85% dividend payout ratio bodes well for the prospect of another sizable special dividend at year-end.”

Thank you to our investors and our borrowers for their trust and continued support.

To learn more about our Q3 2024 financial results, visithttps://atriummic.com/wp-content/uploads/2024/11/News-Release-Q3-2024.pdf

Join us in welcoming Daiana Djangaracheva as our new Analyst on the Commercial Mortgage Investments team!Daiana recently...
08/01/2024

Join us in welcoming Daiana Djangaracheva as our new Analyst on the Commercial Mortgage Investments team!

Daiana recently graduated from McGill University with a double major in Finance and Economics, having completed internships in real estate investments and risk management at PSP Investments, one of Canada’s largest pension investment managers.

In her role as an Analyst, Daiana will support the origination, evaluation and management of commercial mortgage investment opportunities.

Welcome to the team, Daiana. We are thrilled to have you on board!

At we are dedicated to providing fast and reliable financing solutions that meet the needs of our clients. Our commitm...
07/24/2024

At we are dedicated to providing fast and reliable financing solutions that meet the needs of our clients. Our commitment to building strong, trust-based relationships has earned us the loyalty of many developers, including a top-tier borrower in British Columbia who recently approached us for financing on their latest project.

A leading developer with a significant presence in Vancouver, our client sought financing for a prime site in the Oakridge Park neighbourhood. The site boasts an exceptional location and impressive proposal for a purpose-built rental tower. Recognizing the economic importance of this project, we acted swiftly to meet the tight closing timeline. We provided $7,000,000 in acquisition financing, ensuring our client could secure the site and progress their vision for the site.

Key Takeaways:
▶️ Strategic and Timely Financial Support: Our agility and responsiveness were crucial in successfully deploying $7,000,000 under a very tight timeline, demonstrating our capability to support high-stakes projects efficiently.

▶️ Strengthening Long-Term Relationships: This deal builds on our existing relationship with a top-tier developer, highlighting the trust and reliability we offer. Our ongoing partnership reflects our commitment to support clients through various stages of their projects.

▶️ Prime Location and High-Value Development: The site's proximity to the SkyTrain and downtown Vancouver, coupled with its position in an affluent neighborhood, enhances the potential value of the future rental tower. Our financing supports the development of over 175 units, contributing to urban growth and housing availability.

This deal underscores our expertise in managing high-value projects and our dedication to fostering long-term relationships. If you are looking for a lending partner who can consistently deliver on tight timelines and provide tailored financial solutions, we would love to connect and support your next development project.

Ian Jarvis | [email protected]
Mitchell Urzinger | [email protected]
Atrium Mortgage Investment Corporation | www.atriummic.com

is proud to release its financial results for Q1 2024. Reporting a strong net income of $12.0 million and stable earni...
05/22/2024

is proud to release its financial results for Q1 2024. Reporting a strong net income of $12.0 million and stable earnings per share of $0.27, the first quarter of 2024 has produced impressive results for Atrium and its shareholders.

Despite the ongoing challenges experienced by real estate markets across Canada, our conservative lending approach has continued to yield attractive, risk-adjusted returns for shareholders. Our resilient portfolio is comprised of 96.7% first mortgages and a loan-to-value ratio of 64.0%.

Strategically leveraging our liquidity as a publicly traded MIC (TSX: AI) has allowed us to continue capitalizing on high-quality opportunities for new loan business in our preferred sectors, with $78.4 million in mortgage principal advanced during the quarter.

To learn more, visit www.atriummic.com

is excited to have recently led a blanket $3,360,000 1st mortgage secured by a 7-parcel assembly in Bolton, Ontario.At...
01/08/2024

is excited to have recently led a blanket $3,360,000 1st mortgage secured by a 7-parcel assembly in Bolton, Ontario.

At Atrium, we take immense pride in fostering relationships that stand the test of time. Our ongoing collaboration with the experienced and reputable developer behind this loan is a testament to our commitment to excellence, efficiency, and consistency.

The project, involving five detached single-family homes and two large vacant lots, fit comfortably within our prudent lending parameters. Based on our commitment to being lasting financial partners, this aligned with our focus on ensuring not just growth but sustainable and secure expansion for our clients.

Please reach out to see firsthand how we earn our reputation for quality, consistency and trustworthiness.

Matt Scott | Assistant Vice President, Mortgage Investments
Mortgage Agent Level 2
[email protected]

Atrium Mortgage Investment Corporation
License #10284 | www.atriummic.com

In a recent transaction that demonstrates the importance of long-lasting partnerships in our industry, we are proud to h...
12/06/2023

In a recent transaction that demonstrates the importance of long-lasting partnerships in our industry, we are proud to have provided a repeat client with $15,100,000 in 1st mortgage financing secured by an approved redevelopment site in Downtown Toronto.

Over time, we have cultivated a strong and enduring relationship with this experienced ownership group based on our track record of consistent, reliable and swift service. This successful history gave them confidence in our ability to meet their needs, and we are proud to have supported a repeat borrower with this well-located Toronto condominium project.

We understand that trust, quality, and efficiency are paramount in being a reliable partner, which is why we prioritize those values in our lending approach. Reach out to learn more about how can support your real estate financing needs!

Bram Rothman | Managing Director, Ontario
Mortgage Agent Level 2
[email protected]

Atrium Mortgage Investment Corporation
License #10284 | www.atriummic.com

Atrium MIC is excited to have recently led $5,600,000 in land acquisition financing on a redevelopment site in the GTA t...
11/27/2023

Atrium MIC is excited to have recently led $5,600,000 in land acquisition financing on a redevelopment site in the GTA to support a valued repeat client.

As an organization, we are passionate about working with clients who are equally committed to the betterment of the communities in which we operate. As such, when a highly esteemed borrower reached out looking for financing to secure a redevelopment site located near a large transit hub in a densifying area, we were happy to assist in the pursuit of providing this much needed transit-oriented housing.

Having previously facilitated an acquisition on a nearby property, we were familiar with the potential of the area. Despite a more complex acquisition structure, our entrepreneurial approach to lending gave us the agility to move quickly in providing the necessary expedited financing for our client to secure the land.

It was a pleasure to continue our successful track record of delivering reliable and quality service to this borrower group as their projects grow and evolve. Please reach out to learn more about how Atrium’s strategic financing capabilities can help turn your vision into reality.

Bram Rothman | Managing Director, Ontario
Mortgage Agent Level 2
[email protected]

Irkas Qatipi | Manager, Mortgage Investments
Mortgage Agent Level 1
[email protected]

Atrium Mortgage Investment Corporation
License #10284 | www.atriummic.com

is happy to report another quarter of strong results in Q3 of 2023.Despite challenging market conditions, Atrium’s com...
11/24/2023

is happy to report another quarter of strong results in Q3 of 2023.

Despite challenging market conditions, Atrium’s commitment to diligent lending practices has resulted in a record mortgage portfolio balance of $875.6 million, consisting of 95.5% first mortgages with 96% representing less than 75% of value. Year to date, we have also generated record basic earnings per share of $0.91, up 18.2% from this time last year.

With a management team that is experienced in navigating market cycles, we continue to evaluate new loan opportunities to support the development and ownership of real estate in Canada. We are proud to provide ongoing value to both borrowers and investors through our maintenance of a low-risk and resilient mortgage portfolio.

Learn more about our investment activity at www.atriummic.com

Last week, our team had the pleasure of participating in the 11th Annual Hold'em For Life Charity Challenge! It was a fa...
11/16/2023

Last week, our team had the pleasure of participating in the 11th Annual Hold'em For Life Charity Challenge! It was a fantastic night of fun, friendly competition, and a shared commitment to philanthropy within our community.

Hold'em for Life is an event that and our parent organization, Canadian Mortgage Capital Corporation, have been sponsoring for many years. We are so proud to continue supporting this inspiring non-profit organization, which has raised over $40 million to fund cancer research and provided over 110 Oncology Fellowships to University of Toronto residents and clinical fellows.

Last year, our sponsorship supported the work of Gabriel Revon-Riviere, a life oncology fellow focusing on pediatric cancer research at The Hospital for Sick Children.

A big thank you to the organizers for putting together such a great event, we had a fantastic evening supporting a great cause.

Atrium MIC is proud to announce our involvement in an innovative rental project out of Ottawa that is reshaping modern l...
11/15/2023

Atrium MIC is proud to announce our involvement in an innovative rental project out of Ottawa that is reshaping modern living! We recently provided a $7,500,000 1st mortgage on a 1.67-acre property which is improved by a vacant four-storey building that formerly operated as a convent.

This redevelopment seeks to accomplish the vision of retrofitting the existing structure into over 250 fully furnished residential rental units, complemented by a four-storey addition. The brainchild of an experienced developer and an Ottawa-based expert in fully furnished rentals, this project introduces innovative co-living space tailored for students and young professionals.

Having recently worked with one of the site developers, they knew our reliability and entrepreneurial lending approach would be a perfect match for this unique endeavor.

As not only lenders, but individuals who are passionate about Canadian real estate, we are always looking for opportunities to support the growth and innovation of development. If you share this enthusiasm, we invite you to connect.

Charlie Connell | Assistant Vice President, Mortgage Investments
Mortgage Agent Level 1
[email protected]

Atrium Mortgage Investment Corporation
License #10284 | www.atriummic.com

Address

20
Toronto, ON
M5C2T6

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+14168671053

Website

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Our Business

Many mortgage providers are constrained by a lack of flexibility. We are flexible, nimble and provide mortgages to quality borrowers where larger financial institutions do not offer competitive terms and structures. Typical loans are for bridge financing, land assembly, and infill construction, with interest rates of 7.75% to 10% per annum, a one to two-year term, and monthly interest-only payments. We lend in Ontario, Alberta and British Columbia.

We are Canada’s premier non-bank lender™. Our objective is to provide investors with stable, safe, and reliable returns and to preserve capital. Through conservative underwriting and custom structures, we provide mortgages to borrowers whose financing needs are not being met by larger financial institutions. As a Mortgage Investment Corporation, 50% of our investments must be in residential mortgages, and we distribute all of our earnings every year.

The weighted average loan-to-value ratio of our mortgage portfolio, as a whole, at the time of underwriting each loan in our portfolio, may not exceed 75%. A typical loan in our portfolio has an interest rate of 7.75% to 10% per annum, a one or two-year term and monthly interest-only mortgage payments. Our lending parameters are as follows:


  • Mortgages on income-producing real estate up to a maximum of 85% of appraised value.