M12 Capital MIC Mortgage Lender Profile
Generally for Ontario borrowers who do not qualify with a conventional bank and need a first or second mortgage, residential or commercial.
Who they are
M12 Capital MIC is an Ontario mortgage investment corporation, constituted under section 130.1 of the Income Tax Act and managed by M12 Mortgages Ltd., a licensed Ontario mortgage administrator holding administrator licence 13221. The business traces back to 2010, when its founders began lending family capital through a mortgage brokerage, before rebranding and launching the MIC. George Moutsouroufis, a former CIBC banker and the founder of the Expert Mortgage brokerage, serves as president and chief executive. The money it lends is raised from investors through Class A and Class F shares, distributed by the exempt market dealer Belco Private Capital Inc.
What they lend on, and who for
M12 Capital MIC funds first and second mortgages on residential and commercial real estate in Ontario, lending to borrowers who do not qualify with conventional banks. Investor money is pooled and spread across a diversified portfolio of mortgages rather than tied to any single loan, and its shares are eligible for registered accounts including RRSPs, TFSAs, RRIFs, RESPs and LIRAs. The company is therefore two things at once: a lender you might borrow from, and an investment issuer that raises money from investors. Borrowing and investing run through different channels.
How to approach M12 Capital MIC
You can contact M12 Capital MIC yourself; nothing stops you. What you cannot easily find out is what they will actually accept. What loan-to-value they will genuinely go to on your property, what exit they want to see, what the lender fee comes to, and how fast they can fund — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Private · MIC |
| Registered as | M12 Capital Mortgage Investment Corporation |
| Head office | 5975 Whittle Road, Suite 230, Mississauga, ON L4Z 3N1 |
| Parent or group | M12 Mortgages Ltd. |
| Website | m12mic.com |
| Phone | 416-778-1914 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for M12 Capital MIC
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with M12 Capital MIC?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about M12 Capital MIC
Is M12 Capital MIC a real mortgage lender?
Yes. M12 Capital MIC is a private (mic) based in Ontario, part of M12 Mortgages Ltd.. Its own site is m12mic.com.
What kind of lender is M12 Capital MIC?
Private — categorised in our directory as MIC. Equity lenders — the property matters more than the borrower. Short terms, higher rates, lender fees, and speed. Right for a genuinely temporary problem, wrong as a destination.
Who owns M12 Capital MIC?
M12 Capital MIC is part of M12 Mortgages Ltd.. Ownership matters mainly because it tends to determine the funding source and, on a fixed mortgage, how the break penalty is calculated.
Should I go to M12 Capital MIC directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with M12 Capital MIC regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would M12 Capital MIC approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does M12 Capital MIC lend?
Its head office is in Ontario. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would M12 Capital MIC take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file