Timbercreek Financial
Managed by Timbercreek Capital 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
$1.2B CAD
2025 return
6.5%
LTV
66.5%
Management fee
0.85%
About Timbercreek Financial
Timbercreek Financial Corp. (TSX: TF) is a publicly traded, Toronto-based non-bank mortgage lender providing shorter-duration structured financing to commercial real estate investors across Canada. The portfolio is concentrated primarily in multi-family residential and commercial properties in major urban markets, with approximately 95% first mortgage exposure. Externally managed by Timbercreek Capital Inc., the fund was formed in 2016 through the amalgamation of two earlier mortgage investment corporations. It pays monthly dividends and uses leverage and mortgage syndication.
The fund reports approximately $1.2B CAD in assets.
The portfolio is predominantly composed of first mortgages.
The latest annual return declined from 16.4% in 2024 to 6.5% in 2025.
The portfolio is diversified across Ontario, BC, Quebec and Alberta.
At a glance
| Assets under management (AUM) | $1.2B CAD |
| 2025 return | 6.5% |
| Overall LTV | 66.5% |
| First mortgages (as a % of the portfolio) | 94.7% |
| Property focus | Residential (1%) / Commercial (39%) / Multi-Residential (60%) |
| Structure | Public Corporation |
| Investor access | Available to individual investors |
Timbercreek Financial portfolio and performance
The portfolio is composed of residential mortgages (1%), commercial mortgages (39%) and multi-residential mortgages (60%).
| Property Type | Share (%) |
| Residential | 1% |
| Commercial | 39% |
| Multi-Residential | 60% |
Timbercreek Financial has a focus on Ontario, with 34.1% of its mortgages located in Ontario, followed by BC (23.9%), Quebec (21.3%), Alberta (12.3%).
| Province/Region | Share (%) |
| Ontario | 34.1% |
| Quebec | 21.3% |
| BC | 23.9% |
| Alberta | 12.3% |
| Unclassified | 8.4% |
Timbercreek Financial returns
| Calendar year | Net return |
| 2023 | 10% |
| 2024 | 16.4% |
| 2025 | 6.5% |
Timbercreek Financial facts
Fund structure
| Structure | Public Corporation |
| Manager | Timbercreek Capital Inc. |
| Latest data | March 31, 2026 |
Mortgage portfolio
| First mortgages | 94.7% |
| Overall LTV | 66.5% |
| Property focus | Multi-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 | 0.85% |
| Performance fee | None disclosed |
Additional fund details
The portfolio consists of 114 mortgages and currently provides a yield of approximately 10.4%. The fund uses leverage and may participate in mortgage syndications, where loans are shared with other lenders or investors. It has maintained an annual dividend of $0.69 per share for 2025.
Who can invest in Timbercreek Financial?
Available to individual investors
This fund is available to individual investors.
Minimum investment terms are not publicly disclosed.
About Timbercreek Capital Inc.
Founded in 2000 and headquartered in Toronto, Timbercreek Capital Inc. is an alternative real estate investment manager specializing in debt and equity investments across commercial real estate in Canada and the United States. Led by co-founder and CEO Blair Tamblyn, the firm has structured and executed investments totalling over $18 billion since inception. Timbercreek manages the publicly listed Timbercreek Financial Corp. (TSX: TF) and several institutional private funds including the Timbercreek Real Estate Debt – U.S. Fund.
Compare other funds by Timbercreek Capital Inc.
Timbercreek Capital Inc. manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| Timbercreek Real Estate Debt – U.S. Fund | Commercial mortgages | $800M CAD | Learn More |
Frequently asked questions
It invests in multi-Residential mortgages.
The fund reports a weighted-average LTV of 66.5%.
Yes. It is available to individual investors.
The fund is managed by Timbercreek Capital Inc..
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