New Haven Mortgage Income Fund
Managed by New Haven Mortgage Corporation
Data as of: July 31, 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
$122M CAD
2025 return
8.52%
LTV
60.9%
Management fee
1.5%
About New Haven Mortgage Income Fund
Founded in 2008, the New Haven Mortgage Income Fund (1) Inc. is an Ontario-focused Mortgage Investment Corporation (MIC). The fund pools investor capital to provide short-term (typically one to two years) first and second mortgages, heavily concentrated in the residential real estate sector. With an active portfolio exceeding $121 million, the fund focuses on capital preservation through conservative loan-to-value limits. As a flow-through MIC entity, it distributes 100% of its net income as monthly dividends to investors. The fund is eligible for registered accounts (RRSP, TFSA, etc.) and offers a Dividend Reinvestment Plan (DRIP) for compounding returns.
The fund reports approximately $122M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The portfolio is concentrated in Residential mortgages.
The portfolio is highly concentrated in Ontario.
At a glance
| Assets under management (AUM) | $122M CAD |
| 2025 return | 8.52% |
| Overall LTV | 60.9% |
| First mortgages (as a % of the portfolio) | 90% |
| Property focus | Residential (91%) / Commercial (9%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
New Haven Mortgage Income Fund portfolio and performance
The portfolio is composed of residential mortgages (91%) and commercial mortgages (9%).
| Property Type | Share (%) |
| Residential | 91% |
| Commercial | 9% |
New Haven Mortgage Income Fund has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
New Haven Mortgage Income Fund returns
| Calendar year | Net return |
| 2023 | 8.21% |
| 2024 | 8.45% |
| 2025 | 8.52% |
New Haven Mortgage Income Fund facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | New Haven Mortgage Corporation |
| Series | A,C,D |
| Latest data | July 31, 2025 |
Mortgage portfolio
| First mortgages | 90% |
| Overall LTV | 60.9% |
| 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 | 50% over hurdle rate of 10% |
Who can invest in New Haven Mortgage Income Fund?
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 New Haven Mortgage Corporation
Established in 1994 by David and Jason Vyner, New Haven Mortgage Corporation (NHMC) is a non-bank, alternative mortgage lender and administrator based in Ontario. The firm provides flexible, short-term residential and commercial mortgage solutions, primarily focusing on borrowers who may not qualify for traditional bank financing. NHMC serves as the exclusive mortgage broker, underwriter, and administrator for its affiliated fund, the New Haven Mortgage Income Fund (1) Inc. The management team, leveraging over 50 years of combined experience, evaluates loans based on the integrity and marketability of the underlying real estate asset rather than strict traditional credit metrics.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 60.9%.
Yes. It is available to individual investors.
The fund is managed by New Haven Mortgage Corporation.
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