Timbercreek Private Debt Fund for Self Storage and Other Real Estate

Timbercreek Capital, a Canada-based investment manager that specializes in alternative assets, has launched a private debt fund in partnership with an unidentified institutional investor to seek short-term secured mortgages for commercial properties in Canada and the States. -United. The Timbercreek North American Mortgage Fund (TNAM) will target multi-family, industrial, office, retail, self-storage and land assets as well as first, second and mezzanine security positions, according to a press release. .

“Timbercreek strongly believes that actively managed debt will be an accretive component of both short-term and long-term investment portfolios,” said Blair Tamblyn, CEO. “The TNAM strategy builds on this by investing in the mid-market lending space, with a focus on growing presence in North America, particularly the United States. Together with our partner, we look forward to generating long-term value while delivering attractive returns on investment. »

The fund is expected to generate an annual net return of 9% to 10%, mainly from interest income, the statement said.

Founded in 1999, Timbercreek offers structured finance solutions to property owners and investors in select markets in Canada, Ireland, the United Kingdom and the United States. Since 2007, the company has originated, underwritten, funded and serviced more than 650 loans representing more than $13 billion in principal, according to the release. It has offices in Canada, Ireland and the United States.

Source: GlobeNewswire, Timbercreek Capital Forms Strategic Partnership with Leading Global Institutional Investor to Launch Timbercreek North American Mortgage Fund

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