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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

Timbercreek Financial Corp
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Post by MyHoneyPoton Nov 18, 2023 1:32pm
394 Views
Post# 35742692

Out of the woods

Out of the woods
https://www.lesoleil.com/affaires/2023/11/15/une-offre-dachat-ajustee-de-575-m-pour-les-actifs-immobiliers-du-groupe-huot-RXELTFQK2VDRFIMM53ZVLDVVAE/

$146.1 million net mortgage investments relating to seven income producing multi-family loans with the same sponsor. Status: See note above.

This loan had a $1.75 share impact on the stock.

The NAV of the stock is currently trading at $6.61 with a book value of $8.43 a share. So it looks like that 146 million is baked into a loss. 

The stock should be trading somewhere a little higher than book value, i would say $9 dollars representing 35 percent upside from here. 

IMHO


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Dealroom for high-potential pre-IPO opportunities