Clifton Blake Mortgage Income Fund Trust
Managed by CBMIFT Manager Ltd.
Data as of: December 31, 2025 · View latest fund facts
This review, compiled by WOWA for informational purposes only, is not investment advice, an offer, or a solicitation. Past returns don't guarantee future results.
AUM
$261M CAD
2025 return
8.78%
LTV
54.70%
Management fee
1.00%
About Clifton Blake Mortgage Income Fund Trust
Clifton Blake Mortgage Income Fund Trust (CBMIFT) is a Toronto-based trust providing short-duration first-position mortgage financing for commercial and multi-residential projects in the Greater Toronto Area and southern Ontario. The fund reported a 2024 net return of 9.48% and a 2025 net return of 8.78% on approximately $261 million in AUM. Quarterly redemptions are available with a $25,000 minimum investment through a registered financial advisor.
The fund reports approximately $261M CAD in assets.
Most of the portfolio is in first mortgages, with some subordinate exposure.
Return of the mortgage funds are closely related to bank prime lending rate of interest, which has been declining. The latest annual return declined from 9.48% in 2024 to 8.78% in 2025.
The portfolio is highly concentrated in Ontario.
At a glance
| Assets under management (AUM) | $261M CAD |
| 2025 return | 8.78% |
| Overall LTV | 54.70% |
| First mortgages (as a % of the portfolio) | 88.60% |
| Structure | Trust |
| Investor access | Available to individual investors |
Clifton Blake Mortgage Income Fund Trust portfolio and performance
The portfolio is composed of is composed of residential mortgages (28.00%); it also is composed mainly of commercial mortgages.
Clifton Blake Mortgage Income Fund Trust has a focus on Ontario, with 100% of its mortgages located in Ontario.
| Province/Region | Share (%) |
| Ontario | 100% |
Clifton Blake Mortgage Income Fund Trust returns
| Calendar year | Net return |
| 2023 | 9.75% |
| 2024 | 9.48% |
| 2025 | 8.78% |
Return objective (2026)
Clifton Blake Mortgage Income Fund Trust has a target return of 7.25% for 2026.
Clifton Blake Mortgage Income Fund Trust facts
Fund structure
| Structure | Trust |
| Manager | CBMIFT Manager Ltd. |
| Latest data | December 31, 2025 |
Mortgage portfolio
| First mortgages | 88.60% |
| Overall LTV | 54.70% |
| 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 | 1.00% |
| Performance fee | 20% over Hurdle Rate (7.25%) |
Who can invest in Clifton Blake Mortgage Income Fund Trust?
Available to individual investors
This fund is available to individual investors.
The minimum investment amount through an advisor or dealer is $25,000.
About CBMIFT Manager Ltd.
CBMIFT Manager Ltd. is the manager of Clifton Blake Mortgage Income Fund Trust and operates within Clifton Blake’s Toronto-based integrated real estate platform. The mortgage team originates, underwrites and manages short-duration commercial and multi-residential real estate loans in the Greater Toronto Area and southern Ontario. Clifton Blake Partner Gaetano Coscia oversees the mortgage-fund strategy, including origination, underwriting and structuring.
Frequently asked questions
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