Investors “pool” their money by putting it into a trust called a Mortgage Investment Fund (MIF). An MIF is a Trust organized for investors to invest in pools of mortgages. Profits generated by an MIF are distributed to its investors according to their proportional interest. Like an equity mutual fund, an MIF provides a convenient way to diversify a portfolio of investments; in this case mortgages instead of stocks or bonds. UNLIKE most mutual funds, your money is secured by real estate, which is not generally influenced by the volatility of the stock market.
The investor in an MIF earns a blended rate of return based on the interest earned from each respective mortgage. The pool is continuously managed with new mortgages replacing mortgages that mature.
An MIF is for those investors who want a rewarding yet effortless investment. Your income is deposited directly into your account and a quarterly statement keeps you up to date on your investments.
Meridian Mortgage Fund MIF
Mortgage investments through the Meridian Mortgage Fund MIF are medium-term and provide superior returns. All investments are secured by real property and pay quarterly income. The Meridian Mortgage Fund MIF has many great features: Mortgage as investments