U.S. Mortgage Opportunity Fund

The U.S. Mortgage Opportunity Fund is an actively managed fund that invests directly in mortgages with terms to maturity of up to 10 years. The fund deploys capital in the U.S. through a variety of investment platforms and offers fixed term, construction, and mezzanine financing.

BCI is currently pursuing direct mortgages.

Contact BCI for Commercial Mortgage Lending

Security

  • Senior and subordinate financing

Asset Types

  • Multi-family rentals
  • Condominium
  • Office
  • Retail
  • Industrial
  • Student housing
  • Retirement homes
  • Hotel

Terms

Typically three to five years; with a maximum term of 10 years.

 

Interest Rates

Interest rates are generally determined by adding credit and liquidity spreads over the 30-day LIBOR rate. The risk factors that are evaluated include: location; quality of improvement(s); tenant financial strength; borrower and covenantor’s financial strength; loan-to-value /loan-to cost level; debt servicing ability; borrower’s experience.

Loan-to-Value

Typically 55 to 75 per cent.

Loan Size

Typically $50,000,000 and higher.