Asset Allocation
The fundamental objective of the Fund is to provide a steady stream of interest income by investing in a diversified portfolio of residential first and second mortgages. In British Columbia, Alberta and Ontario with a loan-to-value (LTV) not to exceed 75% of appraised value. Target Asset Allocation is 75% 1st Mortgages and 25% 2nd Mortgages.
Examples of 1st Mortgages held in the pool
West Vancouver, British Columbia / Single Family Residence
Investment
First Mortgage
Interest Rate
7.95% Compounded Monthly
Mortgage Amount
$798,750
Loan to Value
75%
Term
12 Months
Coquitlam, British Columbia / Executive Single Family Residence
Investment
First Mortgage
Interest Rate
7.25% Compounded Monthly
Mortgage Amount
$1,512,000
Loan to Value
66%
Term
12 Months
Calgary, Alberta / Single Family Townhome
Investment
First Mortgage
Interest Rate
7.95% Compounded Monthly
Mortgage Amount
$206,625
Loan to Value
75%
Term
12 Months
Examples of 2nd Mortgages held in the pool
Greater Vancouver, British Columbia / Single Family Residence
Investment
Second Mortgage
Interest Rate
10.5% Compounded Monthly
Mortgage Amount
$80,000.00
Loan to Value
68%
Term
12 Months
Greater Vancouver, British Columbia / Executive Single Family Residence
Investment
Second Mortgage
Interest Rate
10.5% Compounded Monthly
Mortgage Amount
$150,000
Loan to Value
70%
Term
12 Months
Vancouver Island, British Columbia / Single Family Residence on Acreage
Investment
Second Mortgage
Interest Rate
10.5% Compounded Monthly
Mortgage Amount
$132,500
Loan to Value
47%
Term
12 Months