Performance History

Since 2001 Owemanco has been originating mortgage loans and we currently have a portfolio of approximately $80 million under management.

The returns to investors have been consistently strong with the average rate to investors being no less than 9% after deduction of our administration fees

Performance History (click to enlarge)

No investment is guaranteed, however Owemanco is conservative in its lending approach, always considering an 'exit strategy' prior to even committing to fund a mortgage. Although all mortgage investments contain some degree of risk, Owemanco's main goal is safeguarding principal, while maximizing the return.

All mortgages are unique; however, our loans have many common features.

• The loans are typically for 1 or 2 year terms and are currently yielding between 8% and 12% per annum, net to investors;
• There is generally a bonus for early prepayment of one month's interest per year of term.
• We charge an administrative fee of 0.75%, which is added to the interest charged to the borrower. Owemanco administers every mortgage to ensure that:
• interest payments are made in timely fashion
• property taxes and fire insurance premiums are paid up-to-date
• We electronically collect mortgage payments from borrowers and directly deposit interest into our investors' accounts on a monthly basis.
• All fees to arrange the loan are paid by the borrower including brokerage, appraisal, environmental, inspection, and legal fees.