Truvera Mortgage (Senior) -1 Limited Partnership
Managed by Truvera Mortgage Corporation
Data as of: July 13, 2023 · 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
$36M CAD
LTV
45%
Management fee
1.75%
First mortgages
100%
About Truvera Mortgage (Senior) -1 Limited Partnership
Truvera Mortgage (Senior)-1 LP is an exempt-market limited partnership investing primarily in first-ranking, low loan-to-value residential and commercial mortgages in major Western Canadian centres, often through pari-passu co-lending. Since its 2017 inception it has reported an audited average net return of roughly 6.6% per year with no realized losses.
The fund reports approximately $36M CAD in assets.
The portfolio is predominantly composed of first mortgages.
The latest annual return declined from 8% in 2023 to 6.71% in 2024.
The portfolio is highly concentrated in BC.
At a glance
| Assets under management (AUM) | $36M CAD |
| Overall LTV | 45% |
| First mortgages (as a % of the portfolio) | 100% |
| Structure | Partnership (LP) |
| Investor access | Available to individual investors |
Truvera Mortgage (Senior) -1 Limited Partnership portfolio and performance
The portfolio is composed of is composed mainly of residential mortgages; it also is composed of commercial mortgages (some).
Truvera Mortgage (Senior) -1 Limited Partnership has a focus on BC, with 100% of its mortgages located in BC.
| Province/Region | Share (%) |
| BC | 100% |
Truvera Mortgage (Senior) -1 Limited Partnership returns
| Calendar year | Net return |
| 2023 | 8% |
| 2024 | 6.71% |
Truvera Mortgage (Senior) -1 Limited Partnership facts
Fund structure
| Structure | Partnership (LP) |
| Manager | Truvera Mortgage Corporation |
| Latest data | July 13, 2023 |
Mortgage portfolio
| First mortgages | 100% |
| Overall LTV | 45% |
Fees
| Management fee | 1.75% |
| Performance fee | None disclosed |
Additional fund details
The Senior-1 LP has reported an average net return of approximately 6.6% annually since its 2017 inception, with no realized losses. It is distributed by Belco Private Capital and administered by Lanyard Financial. Assets under management are not publicly disclosed.
Who can invest in Truvera Mortgage (Senior) -1 Limited Partnership?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $250,000.
About Truvera Mortgage Corporation
Truvera Mortgage Corporation is a Vancouver-based private mortgage lender and manager of the Truvera Mortgage (Senior)-1 and (Junior)-1 limited partnerships. The LPs are administered by Lanyard Financial Corporation and distributed through exempt market dealer Belco Private Capital Inc. Truvera follows an asset-lending approach focused on first-ranking, low loan-to-value mortgages, primarily in Western Canada.
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 45%.
Yes. It is available to individual investors.
The fund is managed by Truvera Mortgage Corporation.
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