Bayfield Mortgage Investment Corp.
Managed by Bayfield Mortgage Professionals Ltd
Data as of: April 30, 2025
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
$120M CAD
LTV
49%
Management fee
1.5%
First mortgages
56.5%
About Bayfield Mortgage Investment Corp.
Established in 1984, Bayfield Mortgage Investment Corp. is a British Columbia-based Mortgage Investment Corporation (MIC). The fund pools investor capital to finance a portfolio consisting primarily of residential mortgages, with additional allocations to commercial and construction loans. Operating primarily in Western Canada, the MIC focuses on established real estate markets. The fund aims to generate fixed-income returns by lending against real property. It is eligible for registered accounts (such as RRSPs and TFSAs) and distributes its income directly to its shareholders.
The fund reports approximately $120M CAD in assets.
The portfolio has a meaningful mix of first and subordinate mortgage positions.
The latest annual return increased from 9.1% in 2023 to 10.2% in 2024.
The portfolio is concentrated in Residential mortgages.
The portfolio is highly concentrated in BC.
At a glance
| Assets under management (AUM) | $120M CAD |
| Overall LTV | 49% |
| First mortgages (as a % of the portfolio) | 56.5% |
| Property focus | Residential (91%) / Commercial (9%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Bayfield Mortgage Investment Corp. portfolio and performance
The portfolio is composed of residential mortgages (91%) and commercial mortgages (9%).
| Property Type | Share (%) |
| Residential | 91% |
| Commercial | 9% |
Bayfield Mortgage Investment Corp. has a focus on BC, with 88.5% of its mortgages located in BC, followed by Alberta (11.5%).
| Province/Region | Share (%) |
| BC | 88.5% |
| Alberta | 11.5% |
Bayfield Mortgage Investment Corp. returns
| Calendar year | Net return |
| 2023 | 9.1% |
| 2024 | 10.2% |
Bayfield Mortgage Investment Corp. facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | Bayfield Mortgage Professionals Ltd |
| Latest data | April 30, 2025 |
Mortgage portfolio
| First mortgages | 56.5% |
| Overall LTV | 49% |
| Property focus | Residential |
| Leverage | Yes, the fund uses leverage. This means the fund borrows additional money and combines it with investor capital to fund more mortgages. Leverage can increase returns when the portfolio performs well, but it also adds interest costs and can magnify losses. |
Fees
| Management fee | 1.5% |
| Performance fee | No |
Who can invest in Bayfield Mortgage Investment Corp.?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $2,500.
About Bayfield Mortgage Professionals Ltd
Based in Langley, British Columbia, Bayfield Mortgage Professionals Ltd. operates as the manager and originating brokerage for Bayfield Mortgage Investment Corp. Operating for over 40 years, the management team focuses on alternative lending within the residential and commercial real estate sectors. The firm oversees the sourcing, underwriting, and administration of mortgage loans, primarily targeting established real estate markets in Western Canada. The manager is responsible for portfolio risk management, regulatory compliance, and facilitating operations for the fund.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 49%.
Yes. It is available to individual investors.
The fund is managed by Bayfield Mortgage Professionals Ltd.
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