Tri City Group Monthly Income Mortgage Trust is projecting an 8.5 - 9.0%++* return (via monthly distributions) for A-3 units in 2024.
*Returns based on monthly reinvestment of distributions, without redemption through the year.
Tri City Group Monthly Income Mortgage Trust
TCGMIMT projects an 8.5 - 9.0%++* return for A-3 units in 2024.
Fund Highlights
Targeted returns of 8.5 - 9.0%++* for 2024 with monthly distributions. Distributions may be paid in cash or in units (DRIP*)
In our real estate projects and mortgage funds, we co-invest with the capital of our clients.
The Trust is backed by primarily residential mortgages across urban centers in B.C.
Our Mortgage Trusts have been hitting their target rates since 2012 and we currently manage mortgage assets over $90 million.
Investments made be made in cash or via registered accounts (TFSA, RRSP, RRIF, LIF, RESP, LIRA) via Olympia Trust or Western Pacific Trust.
Investment Sold by Harbour Park Capital , an exempt market dealer - www.hpcpl.ca
*E. & O. E. Returns are annualized and calculated using reinvested distributions (without redemptions for the year)
Fund Details
INVESTMENT OBJECTIVE
The potential to earn a steadier, consistent monthly distribution of income while preserving invested capital with a projected return of 8.5%++* net of management fees for 2024.
CURRENT INVESTMENT OPPORTUNITY
Series A-3 - “Profit Participating” Trust Units: Projected return is 8%++* return, plus the potential for profit sharing.
Series P - “Preferred” Trust Units: Returns are paid in priority to Series A-Units and are benchmarked with the Bank of Canada yields. Only available to Institutional and Accredited Investors. Please inquire for more information.
PROFIT PARTICIPATION UPSIDE
Series A unitholders may share in any excess net profits after the hurdle rate has been achieved. The excess profit sharing is split 70% to the Series A unitholders and 30% to the Fund’s Manager.
ALIGNMENT WITH INVESTORS
All fees (including lender, service, etc.) are paid into the Mortgage Funds.
FIRST INVESTOR
Tri City Capital Corp (TCCC), fully owned by Michael Goodman, has invested the first $1 million into Series A units that are subordinated to all other investment units. TCCC does not receive its distributions until after all other unitholders have received their distributions.
INVESTMENT STRATEGY
Capital is invested in a diversified portfolio of carefully selected short term mortgages, primarily residential and residential-construction mortgages in urban markets of Canada. Unless unanimously approved by our Credit Committee, loan-to-value ratios will not exceed 75%. This provides a significant buffer between the loan amount and the property's value.
FREQUENCY OF PAYMENT
Monthly, in cash or reinvested units. (DRIP)
MINIMUM SUBSCRIPTION
10 Units - $10,000 (excluding institutional units)
MANAGER
Tri City Fund Management Ltd.
MANAGEMENT FEE
Starting at 1.25% per annum (may be higher for different series units)
*E. & 0. E. All return figures are based on annual returns assuming reinvested distributions. The securities referred to herein are being offered by offering memorandum and accredited investor exemptions and only to investors who meet the investor eligibility criteria described in the offering memorandum and as determined by securities regulations in the applicable jurisdictions. All information herein is qualified by the information container in the offering memorandum, which should be carefully reviewed by prospective investors with advice from their professional advisors. This document is preserved for information purposes only and does not represent a formal offering. In this ultra low rate environment, only A-3 units are being sold, with a projected, distribution of 8% (if reinvested). A-1 units on a per annum basis based on distributions re invested for one year. Others units distributed different return. First years were not full years so an extrapolation has been calculated from monthly to yearly for first start up years.
“I love the company’s investment philosophy and the way the company treats the investors, the investors are number one…”
Shirley Shannon, CA
Tri City Group
Monthly Income Mortgage Trust
Since the 1960s, Tri City has managed funds through private mortgage lending. In 2010, we introduced the Tri City Mortgage Investment Fund, consistently yielding 7-8% annually, though it is now closed. In 2015, we launched the Tri City Group Monthly Income Mortgage Trust.
Our mortgage funds enable investment in loans secured by residential and commercial properties across Western Canada. Tri City Capital and the Goodman Family have invested as subordinated investors, ensuring we treat your capital with as much care as our own. The fund aims for steady monthly income distributions while preserving capital.
The Tri City Group Monthly Income Mortgage Trust, managed by Tri City Fund Management Ltd, is a regulated mortgage lender owned entirely by its investors. It maintains a strict maximum loan-to-value ratio of 75%, only exceeding this with unanimous Credit Committee approval.
As an equity and bridge lender, the Trust offers higher rates than banks but provides efficient, straightforward lending. This appeals to borrowers needing short-term investments to enhance property value or those with temporary credit issues due to factors like immigration status or self-employment. Our management prioritizes exit strategies, equity security, and borrower repayment capacity.
For more details on mortgage funds, visit Harbour Park Capital Partners website.
Curious about investing?
Harbour Park Capital Partners Ltd.
Suite 350 - 1201 Pender Street West
Vancouver. B.C. V6E 2V2
info@hpcpl.ca
(604) 569-2015
Harbour Park Capital Partners Ltd. is an exempt market dealer, regulated by the BCSC, marketing the Tri City Group Monthly Income Mortgage Trust Fund to accredited investors, and qualified investors under offering memorandum exemption.
The trust is primarily backed by residential Greater Vancouver Regional District mortgages, pays a monthly distribution, and is (TFSA, RRSP, RRIF, LIF, RESP and LIRA eligible.