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

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

www.FirmCapital.com

FACT SHEET

FEBRUARY 2016

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 $1.034 billion 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 $264 million and six listed Convertible Debentures totaling $145 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 $793 million in new mortgage financings in 2015 and $108 million YTD in 2016.

CORPORATE PROFILE

• For over 25 years Firm Capital has provided the financial strength, security and innovation needed for this industry with fundings, excluding our equity real estate investments, that were in excess of $793 million in 2015.

• Mortgage Assets Under Management totaling $1.034 billion as of February 17th, 2016.

• Focused on all major geographical markets in Canada with an emphasis on Toronto, Ottawa, Southwestern Ontario, Calgary and Edmonton.

• Actively managed investment strategies intended to enhance returns, reduce risks and allow Firm Capital to take advantage of investments in illiquid markets, specialized structured finance and real estate merchant banking operations.

• Principal Philosophy: Preservation of Capital and Disciplined Investing.

KEY FACTS

COMMITTED MORTGAGE TRANSACTIONS ASSETS UNDER MANAGEMENT

200

400

600

800

1,000

2011 2012 2013 2014 2015 2016

$ Millions

FINANCIAL HIGHLIGHTS (MM’S/YEAR END #’S) 2011 2012 2013 2014 2015 2016 YTD

UNDERWRITING COMMITMENTS $655 $515 $665 $768 $793 $108

ASSETS UNDER MANAGEMENT $834 $802 $782 $870 $970 $1,034

RETURN ON EQUITYFirm Capital Mortgage Investment Corporation

10.26% 9.45% 9.63% 9.34% 9.60%*

Boutique Mortgage Lenders ®

200

400

600

800

1,000

2011 2012 2013 2014 2015 2016YTD

$ Millions

*As at Q3 2015

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

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

www.FirmCapital.com

Over 25 Years ofBuilding 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

KELLY BAGLEY

AVP, Mortgage Investments, Western Canada

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

NINA LABATE

MD, Residential Mortgage Operations

TREVOR DOHRING

Finance Associate

J. JUSTIN KOWAL

Senior Manager, Mortgage Origination

LUCAS WRIGHT

Manager, Business Development

CORY HIMMEL

Finance Associate

JHANELLE BENT

Manager, Marketing & Design

Sample Transactions

Secondary Debt

$15,000,000

Second Mortgage

1,002 acre master planned community

CALGARY, AB

Construction Loan

$12,500,000

First Mortgage

72 unit low-rise residential rental project

EDMONTON, AB

Bridge Loan

$25,000,000

Second Mortgage

12.09 acre development site

TORONTO, ON

Construction Loan

$20,367,400

First Mortgage

73 condo units

MISSISSAUGA, ON

Bridge Loan

$13,600,000

First Mortgage

157 unit residential apartment building

ST. CATHARINES, ON

Construction Loan

$6,800,000

First Mortgage

52,530 sq. ft. industrial/ commercial building

OTTAWA, ON

Construction Loan

$3,315,000

First Mortgage

3-storey, 18 unit condominium building

OTTAWA, ON

Mezzanine Loan

$3,335,000

Second Mortgage

Acquisition of 38 single family lots

TORONTO, ON

Land & Servicing Loan

$12,812,500

First Mortgage

114 acre development site and 88 residential lots

SASKATOON, SK

Land Loan

$3,800,000

First Mortgage

0.66 acre development for a condominium building

TORONTO, ON

Infill Construction Loan

$1,300,000

Second Mortgage

4,019 sq. ft. custom home

TORONTO, ON

Land & Construction Loan

$2,525,000

First Mortgage

4,533 sq. ft. luxury custom home

TORONTO, ON

$3,500,000

Second Mortgage

Cap Ex program for256 apartment units

WINNIPEG, MB

Land Loan

$8,000,000

First Mortgage

4.557 acre developmentwith 463,462 sq. ft. GFA

RICHMOND HILL, ON

Bridge Loan

Inventory Loan

$2,050,000

First Mortgage

3,918 sq. ft.luxury home

CALGARY, AB

SAMPLE TRANSACTIONS