Morex Capital Corp
Managed by Morex Asset Management Corp.
Data as of: March 2026
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
N/A
LTV
70.00%
Management fee
1.37% (Class A)
First mortgages
74.00%
About Morex Capital Corp
Morex Capital Corp. is an Ontario mortgage investment corporation established in 2012, investing in short-term (typically 12 months or less) residential mortgages —roughly 65% first position and 35% second —concentrated in the Greater Toronto Area and Golden Horseshoe. The fund targets about 9.25% and has reported net annual returns of ~7%+ since inception. It has funded over $281 million in mortgages since inception.
The fund reports approximately N/A in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
The portfolio is concentrated in Residential mortgages.
The portfolio is highly concentrated in Ontario.
At a glance
| Assets under management (AUM) | N/A |
| Overall LTV | 70.00% |
| First mortgages (as a % of the portfolio) | 74.00% |
| Property focus | Residential (100%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Morex Capital Corp portfolio and performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
Note: Land and pre-construction mortgages are classified under commercial mortgages.
Morex Capital Corp has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
Return objective (2026)
Morex Capital Corp has a target return of 9.25% for 2026.
Morex Capital Corp facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Morex Asset Management Corp. |
| Series | A/F |
| Latest data | March 2026 |
Mortgage portfolio
| First mortgages | 74.00% |
| Overall LTV | 70.00% |
| Property focus | Residential |
Fees
| Management fee | 1.37% (Class A) |
| Performance fee | None disclosed |
Additional fund details
Morex Capital Corp. is available through Fundserv under codes RBS1801 and RBS1803. As a privately offered exempt-market investment, its current assets under management are not publicly disclosed.
Who can invest in Morex Capital Corp?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $5,000.
About Morex Asset Management Corp.
Morex Asset Management Corp. is a Mississauga, Ontario firm that manages and distributes Morex Capital Corp., a mortgage investment corporation founded in 2012 by CEO Mohamed H. Manzoor. Morex originates predominantly short-term, owner-occupied residential first (and some second) mortgages across Southern Ontario and the Greater Golden Horseshoe.
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