Westboro Mortgage Investment Fund has increased the monthly distribution per eligible Class F unit from $0.070/Unit (70 bps) to $0.073/Unit (73 bps). This increase provides for a non-compounded annualized return of 8.76%, or if the investor opted to reinvest distributions (DRIP), a compounded annualized return of 9.01%. The impressive performance of the Westboro Mortgage Investment Fund is a direct result of our long-standing and strong broker-client relationships; client-centric team culture; best-in-class conservative underwriting practices; and an increasing interest rate environment.
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“We currently observe a healthy and robust alternative mortgage market. The prolonged increased interest rate environment has resulted in an influx of highly qualified borrowers who do not meet the stringent and inflexible requirements imposed by traditional lenders due to governmental regulations. Simply put, highly qualified borrowers are no longer able to meet the stress test requirements required of the typical bank mortgage lenders. Borrowers are increasingly looking for alternatives. Our mortgage fund is open for new investor capital. We see this as an excellent opportunity for qualified investors to increase their investment portfolio yield,” said Nick Christopoulos, CEO of Westboro Mortgage Investment Fund.
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The Fund manages a diversified portfolio of residential mortgages, primarily in 1st position, located in Ontario. The primary objective of the fund is to provide investors with a consistent and stable return for their investment portfolio.
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