Scott Dillingham is a mortgage expert who has helped clients finance over $1 billion in real estate across Canada. In this episode of The Wisdom Lifestyle Money Show, Scott sits down with Milan Djankovic of Keasy MIC to unpack how a mortgage investment corporation can give Canadian investors both private lending cash flow and real estate equity upside — through a LendCity partnership built for RRSP and TFSA capital.
Investors keep asking how to put money to work in private lending real estate Canada without chasing handshake deals. Milan explains how Keasy MIC was structured with Castles counsel as a joint offering: preferred shares through the MIC for income, plus limited partner units for capital appreciation. Canadian mortgage investment corporations like this one focus mortgages on value-add projects, so interest received by the MIC can flow through to investors — while equity participation can accelerate returns when a project executes.
They walk through a Hamilton case: a 10-unit property expanding to 14 with a $600,000 MIC construction loan, then a path toward a CMHC MLI Select exit. Governance matters too — annual BDO audits, exempt market dealer onboarding with KYC and suitability, and regular investor communication. Scott stresses selective underwriting: clear exits and real estate projects, not distressed consumer debt. Risks apply on both debt and equity; LendCity and Keasy review deals so investors can choose cash flow, appreciation, or a mix.
Key Takeaways
- Mortgage investment corporation structures can pair preferred-share income with LP equity so investors tailor cash flow versus capital appreciation.
- MIC investing in Canada often funds value-add mortgages; interest received by the MIC can flow through to shareholders.
- RRSP TFSA mortgage investment options exist when the MIC is set up to accept registered funds — confirm suitability through proper onboarding.
- Real estate equity investing Canada can fill gaps banks leave (land LTV limits, second-mortgage restrictions) when debt alone cannot complete a project.
- Hamilton example: 10→14 units, $600k MIC construction loan, clear exit via CMHC MLI Select after added value.
- Governance: BDO annual audit, EMD know-your-client onboarding, Castles securities structuring, and certificates for investors.
- Private lending real estate Canada works best with underwritten exits — Scott prefers project deals over lending to borrowers already failing payments.
- Ask what is a mortgage investment corporation in Canada before allocating: debt = set interest; equity = upside and downside with the project.
Links and Show References
Milan Djankovic — Keasy MIC — LendCity partnership (investor details via show notes / strategy call).
If you are weighing mortgage investment corporations in Canada — lending vs equity — read the full breakdown: Mortgage Investment Corporation: Lending vs Equity with Keasy MIC. Ready to talk options? Book a free strategy call.
