HIGH-YIELD REAL ESTATE DEBT INVESTMENTS
Optimize risk-adjusted returns
Our high-yield real estate debt platform has generated strong, consistent income returns for investors since 2009
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%
Recourse
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.