About You
Project Description
Proforma
Current Status
Ownership and Investment

About You

About You
Project Description
Proforma
Current Status
Ownership and Investment

Project Description

PROJECT ADDRESS
PROJECT DETAILS
PROJECT SCOPE
RESIDENTIAL
FOR SALE
FOR LEASE
Buildable (sf)
250,000
120,000
Sellable/leaseable (sf)
210,000
100,000
Number of units
250
200
Average unit size (sf)
840
500
COMMERCIAL
FOR SALE
FOR LEASE
Buildable (sf)
250,000
120,000
Sellable/leaseable (sf)
210,000
100,000
Number of units
250
200
Average unit size (sf)
840
500
About You
Project Description
Proforma
Current Status
Ownership and Investment

Proforma

portion for sale
RESIDENTIAL
Residential sell price/sf:
Revenues
Projected sales:
50000000
Costs
Land
12000000
Hard
15000000
Soft
5000000
Financing
7 000000
Other
2500000
TOTAL COSTS
41500000
Projected Profit
8500000
Equity Required
15000000
Project timeline (yrs)
4
ROI
56,67%
ROI Annualized
14,17%
COMMERCIAL
Commercial sell price/sf:
Revenues
Projected sales:
50000000
Costs
Land
12000000
Hard
15000000
Soft
5000000
Financing
7 000000
Other
2500000
TOTAL COSTS
41500000
Projected Profit
8500000
Equity Required
15000000
Project timeline (yrs)
4
ROI
56,67%
ROI Annualized
14,17%
portion for lease
RESIDENTIAL
Leasable (square feet)
250000
Monthly lease rate/sf:
3,50
NOI for Residential Portion (annual)
Projected lease revenue
10500000
Operating costs
2800000
Net operating income
7700000
Residential cap rate
4,5%
Value of Residential
7700000
Costs
Land
55000000
Hard
60000000
Soft
15000000
Financing
12000000
Other
2500000
TOTAL COSTS
144500000
Projected Profit
26611111
Equity Required
28000000
Project timeline (yrs)
4
ROI
95,04%
ROI Annualized
23,76%
RESIDENTIAL
Leasable (square feet)
250000
Monthly lease rate/sf:
65
NOI for Residential Portion (annual)
Projected NNN lease revenue
7 800 000
Non recoverable costs
500 000
Net operating income
7 300 000
Commercial cap rate
6,0%
Value of Commercial
121666667
Costs
Land
25000000
Hard
32000000
Soft
8000000
Financing
7000000
Other
2500000
TOTAL COSTS
73500000
Projected Profit
48166667
Equity Required
35000000
Project timeline (yrs)
7
ROI
137,62%
ROI Annualized
19,66%
Total Value
292777778
Total Profit
74777778
Total Equity Required
63000000
Projected Profit
26611111
Project timeline (yrs)
7
ROI
118,69%
ROI Annualized
16,96%
About You
Project Description
Proforma
Current Status
Ownership and Investment

Current Status

What is the current zoning?
Do you have the zoning you need?
Subdivision complete
Development Permit
Building permit
Estimated construction start date
Estimated construction completion date
About You
Project Description
Proforma
Current Status
Ownership and Investment

Ownership and Investment

Land value
Do you own the land?
Is the lend being vended in separately?
Mortgage debt registered on the land
1st mortgage
5000000
2nd mortgage
2000000
3nd mortgage
500000
Other
200000
Total mortgage debt
7750000
Equity Required
78000000
Equity invested so far
15000000
Equity needed
63 000 000
Investor type you are looking for (select one)
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We are hands-on real estate investors with a capital-preservation investment philosophy.

Tri City is a group of privately owned mortgage trusts and land development companies. Our mortgage trusts provide a capital preservation strategy with a steady return, whereby we invest our capital alongside our investors’. Under a separate management and corporate division, our land development projects are long term investments that we actively control.

Learn about how we guard our capital

Mortgage Trust
Investing

The Goodman family started mortgage investing in the early 1960’s as a syndicate of family and friends at a bridge table.   After Ruth Goodman passed on the torch to her son, Michael, who reasoned that to select top-tier mortgages, the capital base needed to grow.  Since then, Tri City has grown to manage two mortgage trusts with over 450 investors.  The first trust was launched in 2010, and the next one in 2015.  In both trusts, management and founders are actively invested, including the family of Sandy Oh, the fund manager and Michael, the founder.  To ensure interests are aligned, management and founder capital are treated on par with investors’, with one exception: $4mof Mr. Goodman’s capital is subordinate such that the investors are paid before Mr. Goodman is.

Graph-img

Loans funded since inception: $1 billion +
Number of investor accounts across mortgage trusts: 450
Number of years delivered targeted returns:
- 13 years for Tri City Mortgage Fund
- 9 years for Tri City Group Monthly Income Mortgage Trust

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Value of loans we evaluate each year: $600m.
We fund approximately 1 out 9 deals we see.
The founder has invested over $4 million into our two mortgage trusts as subordinated capital.

Focus of residential security:
90%
Portfolio LTV (approximate):
0%

Tri City Group Monthly Income Mortgage Trust (TCGMIMT) Performance: Annualized returns with distributions reinvested

Click here for detail
Graph2-img
Actual Return
TCGMIMT  A-3 Series*

*Errors & Omissions Excepted. All figures are annualized and calculated assuming reinvested distributions. Past performance is not indicative of future returns. Returns are based on audited financial statements.
Have a Q&A with us to see if guarding your wealth in a mortgage trust is right for you.
Click here to schedule

Real Estate Development

Value of real estate under development: $470m
Acres of real estate under development: 356
Where we are currently investing: Kelowna, Edmonton and Cold Lake, Alberta

All real estate investment offerings to offered by Harbour Park Capital Partners.
Location-img
470-img

397

Doors under development

356

Acres under development

Submit a real estate project for equity investment
“I'm very happy with my investment and I think I will keep investing with the company” - Lucy Zhang, CA, Tri City Investor
“It’s very practical, it’s very direct, easy to understand, and questions are always welcome” -Peter Sorrell, Tri City Investor
“I love the companies investment philosophy and the way the company treats the investors, the investors are number one” -Shirley Shannon, CA, Tri City Investor

Play with our investment calculator

to see how our investment would have performed for you.



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Examine our land development and commercial real estate

projects to see what we have invested in and completed.

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Schedule a call with our investor education team

to see if mortgage investing is a good fit for you

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Contact Us

Address
Suite 350 - 1201 Pender Street West Vancouver. B.C. V6E 2V2

(604) 569-2015
info@tricitygroup.ca
Working Hours

Monday – Friday,
except holidays
09:00 – 17:00