Timbercreek Senior Mortgage Investment Corporation

Overview  

Timbercreek Senior Mortgage Investment Corporation (the “Company”) was established to provide investors with the opportunity to invest indirectly in a diversified portfolio of first mortgage loans secured primarily by income-producing real estate located in large urban markets (ie. offices, commercial real estate, multi-residential, retirement communities).

The Company's objective is to preserve capital while generating attractive, stable and secure cash flows that permit paying monthly cash distributions to shareholders. 

Investment Approach

The Company was designed to take advantage of an underserved sector of the Canadian mortgage market by investing in shorter-term, customized first mortgage loans provided to experienced real estate investors, looking for faster execution and more flexible terms than typically offered by Canadian financial institutions. These loans are often used to bridge a period up to three years for such items as repairs or redevelopment of a property, or for the purchase of another investment, with a loan-to-value ratio up to 70%. The loans are normally repaid with conventional mortgage funding from a financial institution.

Key Facts

Security ​

Common Shares (TSX: MTG)

Monthly Cash Distributions $0.050 share
Annual Management Fee 0.85% of gross assets 
Eligibility  RRSP, RRIF, DPSP, RDSP, RESP, TFSA

Regulatory Filings


Board of Directors

The directors of Timbercreek Senior Mortgage Investment Corp. have deep experience, established reputations and extensive contacts in the commercial real estate and mortgage lending community, as well as in the capital markets and asset management sectors in Canada.

Ugo Bizzarri

Director

Edward W. Boomer

Independent Director

Robert Douglas
Independent Director

Andrew Jones
Director and Chief Executive Officer

Steven Scott
Independent Director

W. Glenn Shyba
Independent Director

Blair Tamblyn
Chairman