Pacifica Mortgage Investment Corporation
Private Corporation (MIC) · Residential
Managed by Capital West Mortgage Inc
Data as of: February 28, 2026
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
Pacifica Mortgage Investment Corporation is a private British Columbia MIC incorporated in 1994 and managed by Capital West Mortgage Inc. It invests in short-term first-, second- and limited third-position mortgages secured by residential properties, commercial properties and land, primarily in the Greater Vancouver region and other British Columbia markets. As of February 28, 2026, its mortgage portfolio totalled $252.5M with a 53.34% weighted-average LTV and 82.68% first-mortgage exposure.
At a glance
| Assets under management (AUM) | $253M CAD |
| 2025 return | 8.32% |
| Overall LTV | 53.3% |
| First mortgages | 82.7% |
| Property focus | Residential (64%) / Commercial (36%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (64%) and commercial mortgages (36%).
| Property Type | Share (%) |
| Residential | 64% |
| Commercial | 36% |
Pacifica Mortgage Investment Corporation has a focus on BC, with 100% of its mortgages located in BC.
| Province/Region | Share (%) |
| BC | 100% |
Pacifica Mortgage Investment Corporation returns
| Calendar year | Net return |
| 2023 | 9.78% |
| 2024 | 10.02% |
| 2025 | 8.32% |
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | Capital West Mortgage Inc |
| Management fee | 2% |
| First mortgages | 82.7% |
| Leverage | Leveraged |
| Series/classes | Non-voting Preferred Shares |
| Latest data | February 28, 2026 |
Additional fund details
Portfolio figures are as of February 28, 2026. AUM represents $252.52M of gross mortgage principal. Under the database methodology, 21.41% land exposure is combined with 14.63% commercial-property exposure, producing Commercial of 36.04%; Residential was 63.96% and active Construction was 0%. All mortgages were located in British Columbia at the reporting date, although Pacifica securities may be sold to eligible residents of British Columbia, Alberta and Saskatchewan. Returns of 9.78%, 10.02% and 8.32% are net fiscal-year returns for years ending November 30. The manager receives 2% annually on mortgage receivables plus 25% of new-loan origination-fee income; the latter is not a performance fee.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $25,000.
The minimum investment amount through an advisor or dealer is $25,000.
About the manager
Capital West Mortgage Inc. is a Vancouver-based integrated real estate finance company providing direct lending and investment-management services. It has managed Pacifica Mortgage Investment Corporation since 2001 and is responsible for sourcing, underwriting, administering and monitoring Pacifica’s mortgage portfolio.
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