Full-service access to conventional and NHA programs including: Standard Rental Housing, Retirement Housing, Care Facilities, Rental Construction Financing and Student Housing. Canada Penfund is a leading CMHC correspondent providing comprehensive borrower access to all CMHC lending programs. As a volume-based lender it is able to offer the sharpest of term financing rates for CMHC insured product.
Canada Penfund is a dependable provider of commercial mortgages to experienced borrowers and investors in the Canadian mortgage market. Our goal is to directly meet borrowers needs in commercial asset classes such as retail, industrial, office and multi-family.
Canada Penfund is a dependable provider of commercial mortgages to experienced borrowers and investors in the Canadian mortgage market. Our goal is to directly meet borrowers needs in commercial asset classes such as retail, industrial, office and multi-family.
Services
The mandate of Pendfund Income Fund Inc. is to provide Investors fixed-income annuities, a functional return and secured capital. The PIFI qualifies investment-grade commercial mortgage files secured by commercial real property on behalf of syndicated investors. This institutional strategy is designed to maximize return, protect investor capital and maintain a high probability of annuity-type income.
Canada Penfund Mortgage Corporation originates and manages commercial mortgages on behalf of investors. Mortgage servicing may be performed by Canada Penfund or its Service Partner, a nationally-based, accredited institution. This determination may be made by the investor. Pendfund Income Fund Inc. (PIFI) is licensed to qualify parties for syndicated investment into commercial mortgage loans.
The Dealer of units in the Fund is an 'Exempt Market Dealer' (EMD) and is registered with the Securities Commissions of British Columbia and Alberta. This registration allows the dealer to provide advice and deal in "Exempt Market Securities" to "Qualified Investors". As an exempt market dealer, Pendfund Income Fund Inc. does not perform portfolio analysis in respect of securities that it does not directly distribute.
The following terms are used in the Offering Memorandum and have the meanings set out below:. Fiscal Year: each consecutive period of twelve (12) months coinciding with the calendar year.
Workout Investments: any evidence of indebtedness, any evidence of ownership in any entity or any other investment made by or at the direction of the Board of Trustees in its sole discretion, on behalf of the Trust, to preserve or protect the Trust or its assets, provided that such investments do not, directly or indirectly, cause the Trust to cease to be considered a "unit trust" (as such term is defined under the Tax Act).
Workout Investments: any evidence of indebtedness, any evidence of ownership in any entity or any other investment made by or at the direction of the Board of Trustees in its sole discretion, on behalf of the Trust, to preserve or protect the Trust or its assets, provided that such investments do not, directly or indirectly, cause the Trust to cease to be considered a "unit trust" (as such term is defined under the Tax Act).
Canada Penfund Mortgage Corporation is a CMHC approved commercial mortgage correspondent active in the mortgage-backed securities (MBS) and Canada Mortgage Bond (CMB) space. It also acts on behalf of pension funds, provincial treasuries, life insurance companies and other corporate and private investors.
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