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Timbercreek Financial Corp T.TF

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

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 an alternative asset class investment manager. The investment objective of the Company is to secure and grow a diversified portfolio of mortgage and other loan investments, generating an attractive risk-adjusted return and monthly dividend payments to shareholders, balanced by a strong focus on capital preservation. The Company focuses primarily on lending against income-producing real estate such as multi-residential, retail and office properties. It fulfills a financing requirement that is not well serviced by the commercial banks: primarily shorter duration, structured financing. It works with borrowers throughout the terms of their mortgages to ensure that their capital requirements are met.


TSX:TF - Post by User

Comment by Konaboyon Sep 07, 2023 9:30am
244 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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