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Optimize risk-adjusted returns

Our high-yield real estate debt platform has generated strong, consistent income returns for investors since 2009

people shaking hands

Real Estate Debt Fund XIV (REDF XIV)

REDF XIV is our 9th high-yield closed-end fund that will remain open to new investors until May 2023. The objective of the fund is to deliver a consistent and attractive long-term higher-yielding income stream to investors, while controlling portfolio risk. The fund targets a gross yield in excess of 10%.

REDF XIV Portfolio Characteristics

(As at June 30, 2022)

  • 10.8%

    Yield to Maturity

  • 70.9%

    Loan to Value

  • 66.7%

    First Mortgages

  • 100%

    Floating Rate Exposure

  • 23%

    Average Annual Turnover

  • 100%


The Benefits of the REDF XIV

Experienced Team

Over 25 years of managing commercial mortgage portfolios, with strong expertise in the high-yield market.

Relationship Driven Sourcing

80% of our mortgages are done with repeat borrowers.

Conservative Positioning

The average loan to value ratio is 64% and 100% of the loans have recourse

Focus on Generating Income

Over 99% of the fund’s return is generated by income.

Lowest Interest Rate Risk

Our focus on variable rate mortgages minimizes interest rate exposure and reduces volatility.

Disciplined and Proven Underwriting

We focus on credit quality and capital preservation.

Stable and Attractive Long-Term Returns

Each of our eight prior high-yield funds has generated a gross return in excess of 10%, across varying market environments*.

Flexibility and Active Management

We participate across all segments of the mortgage market, which informs decision-making and provides unique insights.

*Based on the IRR of each fund, calculated before investment management fees are deducted

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