Bancorp Growth Mortgage Fund II
Managed by Bancorp Financial Services Inc.
Data as of: March 31, 2026 · View latest fund facts
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
AUM
$61M CAD
2025 return
8.01%
LTV
69.3%
Management fee
1.75%
About Bancorp Growth Mortgage Fund II
Bancorp Growth Mortgage Fund II is an alternative lending MIC focusing primarily on higher-yielding second mortgages in British Columbia and Alberta. The fund bridges the gap between conventional financing and developer equity for land servicing, construction, and redevelopment projects. Targeting a return of 7% over the two-year Government of Canada Bond rate, it is geared toward investors with a higher risk tolerance. Eligible for registered accounts, the fund provides quarterly distributions, reporting a 7.53% annualized yield for Class D shares in early 2026.
The fund reports approximately $61M CAD in assets.
The latest annual return declined from 10.84% in 2024 to 8.01% in 2025.
The portfolio is highly concentrated in BC.
At a glance
| Assets under management (AUM) | $61M CAD |
| 2025 return | 8.01% |
| Overall LTV | 69.3% |
| Property focus | Residential (5%) / Commercial (12%) / Multi-Residential (49%) / Unclassified (34%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Bancorp Growth Mortgage Fund II portfolio and performance
The portfolio is composed of residential mortgages (5%), commercial mortgages (12%), multi-residential mortgages (49%) and unclassified mortgages (34%).
| Property Type | Share (%) |
| Residential | 5% |
| Commercial | 12% |
| Multi-Residential | 49% |
| Unclassified | 34% |
Bancorp Growth Mortgage Fund II has a focus on BC, with 100% of its mortgages located in BC.
| Province/Region | Share (%) |
| BC | 100% |
Bancorp Growth Mortgage Fund II returns
| Calendar year | Net return |
| 2023 | 11.5% |
| 2024 | 10.84% |
| 2025 | 8.01% |
Return objective (2026)
Bancorp Growth Mortgage Fund II has a target return of 9.63% for 2026.
Bancorp Growth Mortgage Fund II facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Bancorp Financial Services Inc. |
| Series | D |
| Latest data | March 31, 2026 |
Mortgage portfolio
| Overall LTV | 69.3% |
| Property focus | Multi-Residential |
Fees
| Management fee | 1.75% |
| Performance fee | 25% over hurdle rate of Government of Canada 2 year bonds + 7% |
Additional fund details
As of December 31, 2025, mortgages representing 39.6% of the fund’s outstanding principal were more than 90 days in arrears.
Who can invest in Bancorp Growth Mortgage Fund II?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $10,000.
The minimum investment amount through an advisor or dealer is $10,000.
About Bancorp Financial Services Inc.
Established in 1975, Vancouver-based Bancorp Financial Services Inc. is an integrated real estate finance and investment fund manager. The firm specializes in providing competitive, non-bank mortgage financing to developers and owners across British Columbia and Alberta. With rigorous underwriting and extensive industry expertise, Bancorp originates and manages diversified mortgage portfolios. The manager oversees two primary MICs—Balanced Mortgage Fund II and Growth Mortgage Fund II—alongside syndicated mortgages, prioritizing capital preservation, independent appraisals, and steady quarterly returns for its investors.
Compare other funds by Bancorp Financial Services Inc.
Bancorp Financial Services Inc. manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| Bancorp Balanced Mortgage Fund II | Residential mortgages | $87M CAD | Learn More |
Frequently asked questions
It invests in multi-Residential mortgages.
The fund reports a weighted-average LTV of 69.3%.
Yes. It is available to individual investors.
The fund is managed by Bancorp Financial Services Inc..
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