A True North Mortgage Company
True North Mortgage brought you Morcado™ — a first-to-market innovation — to help you build wealth through mortgages.
Morcado was a fintech mortgage investment platform backed by True North's exceptional reputation for technological development and client service, its team of salaried mortgage brokers, and a strong mortgage underwriting and servicing history through in-house lender THINK Financial.
In a challenging economic environment and quickly shifting interest rates, however, we're now winding down this platform.
Morcado allowed everyday Canadians to select and invest directly in qualified syndicated mortgages (aka residential, non-commercial property mortgages with multiple participating lenders), previously only available to private investors.
For a time, Morcado investors were able to self-direct their investment in real estate, where the behind-the-mortgage work was thoroughly managed.
The investor became a lender like a bank. Investment amounts were applied to the mortgages selected and generated interest-rate returns — like a bank.
Attractive, fixed, passive income was received monthly without tenant hassles or private-lending headaches.
While new investments are no longer offered, the fully funded and vetted mortgages available on the Morcado platform were high-yield, short-term financing products. Our infrastructure enabled the flow-through for passive income at greater returns, with no trading fees and a low annual fee.*
