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Timbercreek Financial Corp T.TF

Alternate Symbol(s):  T.TF.DB.C | T.TF.DB.D | T.TF.DB.E | TBCRF

Timbercreek Financial Corp is a Canada-based non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. The Company is focused on providing structured financing solutions to real estate owners and investors and acts as alternative asset class investment manager. The investment objective of the Company is to secure and grow a diversified portfolio of mortgage and other investments, generating an attractive risk adjusted return and monthly dividend payments to shareholders. The Company invests in a portfolio of structured mortgage loans primarily secured by income-producing commercial real estate, such as multi-residential, office and retail buildings located in urban markets across Canada.


TSX:TF - Post by User

Comment by Konaboyon Sep 07, 2023 9:30am
199 Views
Post# 35623745

RE:Not doing so well part 2

RE:Not doing so well part 2Lots of stories out there involving Blood and Stones ;)

Luckily, multi-tennant REIT properties are pretty hot these days, so this might be helpful.  While asset sales proceed, I would assume that TF will continue to earn their interest payments from the Huot 'estate' ??

Upon closure, they will then need to place that funding to get it earning again.  Or, maybe the buyer will take over the in-place financing?

Bottom line, short term, assuming interest continues to accrue and can be covered, it's a nice and safe divvy.
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