Kuber Mortgage Investment Corporation
Managed by Square Capital Management Inc.
Data as of: April 30, 2026 · View latest fund facts
This review, compiled by WOWA for informational purposes only, is not investment advice, an offer, or a solicitation. Past returns don't guarantee future results.
AUM
$245M CAD
2025 return
9.24%
LTV
71.00%
Management fee
0.65%
About Kuber Mortgage Investment Corporation
Kuber Mortgage Investment Corporation is a Toronto-based MIC founded in 2016 that provides short-term mortgage loans to creditworthy borrowers unable to access traditional bank financing. The fund invests in a diversified pool of primarily residential first and second mortgages (93% residential, 80% first position) concentrated in the Greater Toronto Area. As of April 2026, AUM stood at approximately $237M across 376 active mortgages, with a weighted average LTV of 71%. Shares are eligible for registered accounts including RRSP, TFSA, FHSA, and RRIF.
The fund reports approximately $245M CAD in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
Return of the mortgage funds are closely related to bank prime lending rate of interest, which has been declining. The latest annual return declined from 10.4% in 2024 to 9.24% in 2025.
The portfolio is concentrated in Residential mortgages.
The portfolio is highly concentrated in Ontario.
At a glance
| Assets under management (AUM) | $245M CAD |
| 2025 return | 9.24% |
| Overall LTV | 71.00% |
| First mortgages (as a % of the portfolio) | 81.00% |
| Property focus | Residential (93%) / Commercial (6%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Kuber Mortgage Investment Corporation portfolio and performance
The portfolio is composed of residential mortgages (93%) and commercial mortgages (6%).
| Property Type | Share (%) |
| Residential | 93% |
| Commercial | 6% |
Note: Land and pre-construction mortgages are classified under commercial mortgages.
Kuber Mortgage Investment Corporation has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
Kuber Mortgage Investment Corporation returns
| Calendar year | Net return |
| 2023 | 10.53% |
| 2024 | 10.40% |
| 2025 | 9.24% |
Return objective (2026)
Kuber Mortgage Investment Corporation's target for 2026: >6%
Kuber Mortgage Investment Corporation facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Square Capital Management Inc. |
| Series | A&C |
| Latest data | April 30, 2026 |
Mortgage portfolio
| First mortgages | 81.00% |
| Overall LTV | 71.00% |
| Property focus | Residential |
| Leverage | Yes, the fund uses leverage. This means the fund borrows additional money and combines it with investor capital to fund more mortgages. Leverage can increase returns when the portfolio performs well, but it also adds interest costs and can magnify losses. |
Fees
| Management fee | 0.65% |
| Performance fee | None disclosed |
Who can invest in Kuber Mortgage Investment Corporation?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $25,000.
About Square Capital Management Inc.
Square Capital Management Inc. is a Toronto-based mortgage administrator and fund manager serving as manager and mortgage administrator for Kuber Mortgage Investment Corporation. The firm oversees a diversified pool of primarily short-term residential and commercial mortgage loans concentrated in the Greater Toronto Area and broader Ontario markets, with a credit facility of $160MM supporting portfolio operations.
Frequently asked questions
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.