CAREERS

Mortgage Income
Fund Trust

We haven’t missed
a beat since inception
CAREERS

Mortgage Income
Fund Trust

We haven’t missed a beat
in 6 years
Your future starts here!

EXECUTIVE SUMMARY

Not just lenders.

We are Relationship Lenders.

Clifton Blake focuses on providing secure and optimal income streams where every loan is vetted by our underwriting team and subject to unanimous approval of our Credit Committee, including the independent Chair.

Dedicated experts at Clifton Blake ensure loans are brought to final value where investors see strong and stable returns. These are the pillars that reinforce our number one goal: Capital Preservation
Our success is the result of our hands on, proactive approach. Every mortgage we consider is discussed by our expert team. We don’t cut corners. We don’t take shortcuts. We don’t take chances.

Dr. Sidney Zucker

CHAIR. CLIFTON BLAKE
MORTGAGE INCOME FUND

CLIFTON BLAKE CREDIT COMMITTEE

President

KC Daya

KC Daya

President

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Chair, Mortgage Fund

Dr. Sidney Zucker

Dr. Sidney Zucker

Chair, Mortgage Fund

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Partner

Gaetano Coscia

Gaetano Coscia

Partner

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VICE-PRESIDENT
RISK MANAGEMENT

Les Pyear

Les Pyear

VICE-PRESIDENT
RISK MANAGEMENT

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Credit Committee

Victor Hsu

Victor Hsu

Credit Committee

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President

KC Daya

KC founded Clifton Blake in 2005 before the firm launched the first private equity fund in 2012. He is responsible for overseeing corporate operations and business development. KC has worked in tandem with CEO Wes Myles to develop the overall strategic vision of Clifton Blake.

Prior to establishing Clifton Blake, KC worked within the acquisition and asset management groups at Morguard Investments and Brookfield. KC earned an MBA in Real Estate Finance and Strategic Management from the Schulich School of Business and a B.Sc from McGill University. He is an Old Boy from Upper Canada College.

President

KC Daya

KC founded Clifton Blake in 2005 before the firm launched the first private equity fund in 2012. He is responsible for overseeing corporate operations and business development. KC has worked in tandem with CEO Wes Myles to develop the overall strategic vision of Clifton Blake.

Prior to establishing Clifton Blake, KC worked within the acquisition and asset management groups at Morguard Investments and Brookfield. KC earned an MBA in Real Estate Finance and Strategic Management from the Schulich School of Business and a B.Sc from McGill University. He is an Old Boy from Upper Canada College.

Chair, Mortgage Fund

Dr. Sidney Zucker

Since 2015, Dr. Sidney Zucker has been the Chairman of the Clifton Blake Mortgage Fund. Prior to that, he owned and operated one of the largest and most successful dental practices in Canada, which he started in 1979. He is an energetic entrepreneur and accomplished real estate investor and private lender. His portfolio includes both residential and commercial properties, with a specialization in apartment buildings, along with mortgage investments. Sidney manages his real estate portfolio through his own property management company.

Chair, Mortgage Fund

Dr. Sidney Zucker

Since 2015, Dr. Sidney Zucker has been the Chairman of the Clifton Blake Mortgage Fund. Prior to that, he owned and operated one of the largest and most successful dental practices in Canada, which he started in 1979. He is an energetic entrepreneur and accomplished real estate investor and private lender. His portfolio includes both residential and commercial properties, with a specialization in apartment buildings, along with mortgage investments. Sidney manages his real estate portfolio through his own property management company.

Partner

Gaetano Coscia

Gaetano leads mortgage origination for Clifton Blake and embraces the firm’s values on relationship lending in his management of our borrowers. In his time at the firm, he has been noted for being one of the top drivers of growth for the mortgage fund.

Gaetano is an experienced banker and also spent 6 years with another private lender prior to joining Clifton Blake.

 

Partner

Gaetano Coscia

Gaetano leads mortgage origination for Clifton Blake and embraces the firm’s values on relationship lending in his management of our borrowers. In his time at the firm, he has been noted for being one of the top drivers of growth for the mortgage fund.

Gaetano is an experienced banker and also spent 6 years with another private lender prior to joining Clifton Blake.

 

VICE-PRESIDENT
RISK MANAGEMENT

Les Pyear

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VICE-PRESIDENT
RISK MANAGEMENT

Les Pyear

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Credit Committee

Victor Hsu

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Credit Committee

Victor Hsu

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Fund Parameters

TARGET ASSETS

Urban, infill, mixed-use properties, representing opportunities offering a combination of income and capital appreciation potential. All in GTA.

LIQUIDITY

Redemptions available at each quarter-end upon 30 days notice, after one year investment. Up to 5% of the Fund in any quarter. Up to 15% of the Fund in any annual period

TARGET CASH DISTRIBUTIONS

7.25% annually

Paid monthly

MINIMUM INVESTMENT

$100,000

Fund Parameters

TARGET ASSETS

Urban, infill, mixed-use properties, representing opportunities offering a combination of income and capital appreciation potential. All in Toronto.

LIQUIDITY

Redemptions available at each quarter-end upon 30 days notice, after one year investment. Up to 5% of the Fund in any quarter. Up to 15% of the Fund in any annual period

TARGET CASH DISTRIBUTIONS

7.25% annually

Paid monthly

MINIMUM INVESTMENT

$100,000

Not all Mortgage Portfolios are created the same

The devil is always in the details

  • Average LTV target between 65-70%.
  • Anchored by heavy weighting in first-position mortgages.
  • Balanced portfolio in subordinate tranches within low risk 1st/2nd mortgages.
  • Consideration of participating debt to diversify the portfolio and partake in project upsides in select cases.
  • Distributing loans across real estate asset classes.
  • Strength in geographic exposure in major urban centers where real estate is liquid.
AVERAGE LTV 64.8%
AVERAGE TERM 1.5 years
AVERAGE TERM TO MATURITY 11.2 months
MONTHLY DISTRIBUTION 7.25%
REDEMPTION Quarterly*

*As Sept 30, 2021

Not all Mortgage Portfolios are created the same

The devil is always in the details

  • Average LTV target between 65-70%.
  • Anchored by heavy weighting in first-position mortgages.
  • Balanced portfolio in subordinate tranches within low risk 1st/2nd mortgages.
  • Consideration of participating debt to diversify the portfolio and partake in project upsides in select cases.
  • Distributing loans across real estate asset classes.
  • Strength in geographic exposure in major urban centers where real estate is liquid.
AVERAGE LTV 64.8%
AVERAGE TERM 1.5 years
AVERAGE TERM TO MATURITY 11.2 months
MONTHLY DISTRIBUTION 7.25%
REDEMPTION Quarterly*

*As Sept 30, 2021

Core Principles

Our team includes former ‘Schedule A’ bankers who have developed a credit underwriting and risk rating model which guide the careful selection of mortgages for our portfolio. Highly selective, the team exercises proven lending practices based on careful risk management. Every mortgage has undergone our own strict underwriting, and we leave no stone unturned in conducting rigorous backgrounds checks on borrowers.

We offer quarterly redemption and consistent cash flow distributed monthly for our investors. We have access to a line of credit at favourable rates, which allows us to manage cash flow, allow for contingencies and respond to opportunities.

Why a Mortgage Income Fund?

GROWING MARKET DEMAND

Canadians are increasingly seeking non bank lenders; the landscape of the lending market has a growing market share with qualified borrowers available.

REGULAR INCOME

Investors get a steady return, paid monthly.

LOW RISK & UNCOMPROMISED RETURNS

The Clifton Blake Mortgage Income Fund holds hard assets and does not face the same fluctuation in value due to public sentiment.

PEACE OF MIND

Unlike other investments that are more correlated with capital markets and are thus exposed to market sentiment, mortgage funds provide consistent fixed value income, and peace of mind knowing your investments are safe.

AN EFFORTLESS INVESTMENT

The Clifton Blake Mortgage Income Fund enables investors to reap the benefits of the private lending industry involved in multiple asset classes. All whilst leaving the expertise, time, and risk underwriting to an experienced team.

Historic Cash Distributions

Proactive portfolio management to diversify the portfolio and reduce overexposure

DIVERSIFICATION APPROACH

Blending different asset classes into the portfolio to reduce volatility within the fund.

MINIMIZING DOWNSIDE

Only by loaning on deals with value add, and not reacting irrationally to market conditions.

PROACTIVE MONITORING

Ensuring healthy property mix in portfolio to combat dynamic market conditions.

LOAN DISTRIBUTION BY PRIORITY TYPE

Multi Family Residential

Single Family Residential

Hotel

Office

Industrial

Retail

Mixed Use

Land, Near Construction

*As Sept 30, 2021

Strategy

  • Strong emphasis on mitigating risk with 1st mortgages.
  • A history and expertise in underwriting to select deals featuring both strong borrower and asset characteristics.
  • Regional focus in areas which are underexposed to single industries, or natural resources that are affected heavily by policy changes.
  • Significantly lower risk relative to peers, yet generating similar returns. Leverage at 5-10% while competitors are at 30-50%.
  • Proven pedigree for providing solutions in order to protect against downsides and achieve final value.
  • A privately held Fund, whereby investors are not subjected to volatility of the stock market.

Advantages

  • Continuous monthly distributions.
  • Diversification across a broad portfolio of investments.
  • Only unanimous Credit Committee decision making.
  • Flexible deal structures attract borrowers, infers better quality deal flow.
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Investors

Borrowers

Tenants

REGISTER FOR RENTAL

L

Lorol Nielsen | 647-524-2726

M

Monica Agudelo | 647-891-5029