Proven Track Record
Tri City Group has a proven 50-year track record in mortgage lending and investing.
A 50-year history (and counting).
Tri City Group has been in the heart of Vancouver’s real estate market since the 1960s while funding mortgages and investing in real estate throughout BC and Alberta. In that time we’ve been engaged in real estate development, mortgage lending, and income property ownership.
Ruth Goodman who took over the lending operation from her husband Henry in 1972, lent money on mortgages along with her bridge playing friends, and never lost any money from 1972 to 2013.
2015, we launched the Tri City Monthly Income Mortgage Fund, which has allowed investors to collect on the targeted annual return every year since.
Through our people, we have extensive experience in the real estate development and investment industry. Our team is skilled and knowledgeable in identifying and investing in residential mortgages that provide above-market returns. Together, we’ve helped many investors save and grow their portfolios for security, retirement, and monthly cash income.
A family business, through and through.
Tri City Group was started by Henry and Ruth Goodman. Today it is owned and managed by his son Michael. Even now, Michael holds Henry and Ruth’s timeless advice to heart:
“As an investment, mortgages have always been more secure and steady than stocks. When I was a young man in the 1930s, I saw many corporations plummet and vanish leaving stockholders with nothing, whereas real estate lenders were protected. Decades later, during subsequent recessions, those families and friends who invested in mortgages with us were safe. By having access to the ownership of the underlying land and buildings our interests were protected.”
– Henry & Ruth Goodman, Founders
The Tri City Group Monthly Income Mortgage Trust
Based on the experience gained, through running the Tri City Mortgage Investment Fund, which sold out in 2014, we started a second trust with the lessons we learned in the first. We adjusted it to meet the feedback provided to us from our early investors.
Both trusts have the same target return of 8% during the last 24 months, the Monthly Income Mortgage Trust has paid out 7.7% annually to the A class unit holders and 6% to the preferred unit holders. Based on experience with the first trust we fully expect the Monthly Income Mortgage Trust to hit its 8% target for the A class unit holders.
this included 3 main features, monthly income distribution, a preferred class of unit and a larger sharing of the profit in favour of the investors.