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Morrison Financial is a Toronto-based non-bank lender formed in 1987 and has become one of Canada’s longest-standing private finance firms. With roots in traditional asset-based lending, Morrison Financial has expanded to provide mortgage financing to builders and developers and loans to condominium corporations. During its 35 years in business, Morrison Financial has advanced over $1.5 billion in loans.
Morrison Financials’ underwriting team takes a disciplined approach in lending to real estate development projects in Ontario with a focus on residential construction. These loans are financed with private and institutional money. The primary source of private money is two limited partnership funds, the Morrison Financial Senior Mortgage Income Fund and Morrison Financial Junior Mortgage Income Fund (“the Funds”). The Funds are an alternative asset, fixed-income product available through the exempt market. They are invested in a diversified portfolio of short-term mortgages to provide ongoing liquidity. As of Dec 2022, their current weighted average maximum loan-to-value (LTV) ratio is 34 and 62% and their annual returns range from 7% – 8% and 9% – 10%, for the Senior and Junior Funds respectively.
Our objective is to help investors achieve their financial goals. We believe that our diversified portfolio of loans produces superior risk-adjusted returns to investors with negligible correlation with public markets.
We provide both investment and borrowing opportunities for Keyspire members. Connect with us to learn how mortgage investment can be a secure source of passive income for you.
Can I use mortgage investment as a passive income source?
Absolutely. Much like a rental condo or investment property, our goal is to provide our unitholders with a consistent, monthly income. For many of our investors, this income is reinvested towards a savings goal, for others they take the monthly distribution as cash to help supplement their other sources of income. Some of the benefits of the Mortgage Income Funds over a traditional rental property would be that you don’t have to find tenants, make renovations or updates to the property, and you’d have a more diversified investment as we have multiple loans, over multiple geographies, with multiple borrowers at any one time.
Who can invest in the mortgage income funds?
If you are an accredited investor, eligible investor, or non-eligible investor (subject to certain limitations), you can invest in the mortgage income funds. These funds are also eligible to be held within certain Registered Accounts like a TFSA or RRSP.
Is there a minimum investment amount?
You can get started today with $25,000.
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