Firm Capital Corporation 163 Cartwright Avenue Toronto, ON M6A 1V5

T: (416) 635-0221 F: (416) 635-1713

www.FirmCapital.com

FACT SHEET

March 2020

CORPORATE PROFILE

• For over 30 years Firm Capital has provided the financialstrength, security and innovation needed for this industrywith commitments, excluding our equity real estateinvestments, that were in excess of $739 million in 2019.

• Mortgage Assets Under Management totalingapproximately $1,127 million as of March 31, 2020.

• Focused on all major geographical markets in Canada withan emphasis on Toronto, Ottawa, Southwestern Ontario,Montreal and British Columbia.

• Actively managed investment strategies intended toenhance returns, reduce risks and allow Firm Capital to takeadvantage of investments in illiquid markets, specializedstructured finance and real estate merchant bankingoperations.

• Principal Philosophy: Preservation of Capital andDisciplined Investing.

KEY FACTS

COMMITTED MORTGAGE TRANSACTIONS ASSETS UNDER MANAGEMENT

200

400

600

800

1,000

2014 2015 2016 2017

$ Millions

FINANCIAL HIGHLIGHTS (MM’S/YEAR END #’S) 2014 2015 2016

UNDERWRITING COMMITMENTS $768 $793 $735

ASSETS UNDER MANAGEMENT $870 $970 $1,036

RETURN ON EQUITYFirm Capital Mortgage Investment Corporation

9.34% 10.18%

Boutique Mortgage Lenders ®

200

400

600

800

1,000

2014 2015 2016 2017

$ Millions

8.87%

20182018

2017

$1,000

$1,333

8.09%

2018

$731

$1,300

9.18%

2019 2019

2019

9.09%

$1,016

$739

Firm Capital Corporation (“Firm Capital”) a non-bank lender since 1988 provides residential and commercial construction, bridge and conventional real estate financing, including providing term, mezzanine and equity capital investments for real estate projects.

Administrating a $1,127 million portfolio, Firm Capital is the Mortgage Banker for various capital pools, including: the Toronto Stock Exchange listed Firm Capital Mortgage Investment Corporation (TSX:FC) with a market capitalization of $290 million and six listed Convertible Debentures totaling $142 million; and Firm Capital Mortgage Investors Corp., an RSP mortgage fund in operation since 1994. In addition to completing a number of new joint venture capital partnerships, Firm Capital completed over $739 million of mortgage financing commitments in 2019, and $122.8 million YTD 2020.

Over 30 Years of Building Relationships

ELI DADOUCH

President & CEO

FIRM CAPITAL LENDING TEAM

Where Mortgage Deals Get Done®

Experienced management team with significant industry expertise and aligned interests

MICHAEL CARRAGHER

VP, Mortgage Investments

JONATHAN MAIR

SVP & CFO

FORREST TODD

VP, Mortgage Banking

SANDY POKLAR

COO

MICHAEL WARNER

SVP, Mortgage Lending

JONATHAN NEUHOF

AVP, Real Estate Capital Group

VICTORIA GRANOVSKI

VP, Mortgage Operations,

Credit & Equity Capital

ALICIA DOUCETTE

Senior Finance Associate

ROBERTO D'ABATE

Managing Director,

Quebec

TREVOR DOHRING

Senior Finance Associate

J. JUSTIN KOWAL

Senior Manager,Mortgage Origination

LUCAS WRIGHT

Manager, Business Development

CORY HIMMEL

Finance Associate

AKIVA ARONSON Managing Director,

Mortgages & Private Capital

2019 SELECTED TRANSACTIONS

JACQUELINE SMOLYAR

Finance Associate

Firm Capital Corporation 163 Cartwright Avenue Toronto, ON M6A 1V5

T: (416) 635-0221 F: (416) 635-1713

www.FirmCapital.com

FIRST MORTGAGE

20 storey rental building

with 370 units

OSHAWA, ON

INVENTORY LOAN

FIRST MORTGAGE

$10

6 Custom Homes -New Construction

LAND & CONSTRUCTION LOAN

$ 08 0FIRST MORTGAGE

41 storey mixed-use condominium building with 112 luxury residential units

TORONTO, ON

INVENTORY LOAN

$28,000,000FIRST MORTGAGE

73 residential

condominium units

TORONTO & MISSISSAUGA, ON

FIRST MORTGAGE

915

4 detached single family homes

OAKVILLE, ON

CONSTRUCTION LOAN

$95SECOND MORTGAGE

2 detached single family custom homes

TORONTO

CONSTRUCTION LOAN

20 000,000SECOND MORTGAGE

100 semi-detached units

MARKHAM, ON

FIRST MORTGAGE

LOAN

$1,5

6,015 sq. ft. custom home

RICHMOND HILL

FIRST MORTGAGE

2.4 acre residential development site

TORONTO

LAND FINANCING

$10 8

PURPOSE BUILT RENTALCONSTRUCTION LOAN

$99 24

PRIVATE PLACEMENT

Corporate FinanceInvestment

JULY 2019

INFILL CONSTRUCTION LOAN

$3 85

FIRST MORTGAGE

2 luxury semi-detached units comprising 2,760 sq. ft. each

FOREST HILL,TORONTO, ON

SUBORDINATED CONVERTIBLEDEBENTURE

$20 0FIRST MORTGAGE

6,000 sq. ft. detached single family house

TORONTO, ON

LOAN

4 125

FIRST MORTGAGE

75,400 sq. ft. mixed-use industrial/office building

MONTREAL, QC

SECOND MORTGAGE

8 semi-detached units and 1 single family house

BRIDGE LOAN

$3 6

BRIDGE LOAN

$12,0SECOND MORTGAGE

66 residential building lots

STOUFFVILLE

BRIDGE LOAN

$4,750,000