Fisgard Capital Corporation
Private Corporation (MIC) · Residential
Managed by Neighbourhood Holding Company Ltd
Data as of: March 31, 2026
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.
About the fund
Fisgard Capital Corporation is a private mortgage investment corporation managed by Neighbourhood Holding Company Ltd. It invests primarily in residential first mortgages, with additional exposure to construction, commercial and land-secured mortgages. As of March 31, 2026, its mortgage portfolio was diversified across British Columbia, Ontario, Alberta, Saskatchewan, Manitoba and Nova Scotia.
At a glance
| Assets under management (AUM) | $310M CAD |
| 2025 return | 7.33% |
| Overall LTV | 55.4% |
| First mortgages | 97% |
| Property focus | Residential (75%) / Construction (5%) / Commercial (20%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (75%), construction mortgages (5%) and commercial mortgages (20%).
| Property Type | Share (%) |
| Residential | 75% |
| Construction | 5% |
| Commercial | 20% |
Fisgard Capital Corporation has a focus on BC, with 47% of its mortgages located in BC, followed by Ontario (38%), Alberta (13%), SK (1.4%), MB (0.8%), Atlantic Canada (0.1%).
| Province/Region | Share (%) |
| Ontario | 38% |
| BC | 47% |
| Alberta | 13% |
| SK | 1.4% |
| MB | 0.8% |
| Atlantic Canada | 0.1% |
Fisgard Capital Corporation returns
| Calendar year | Net return |
| 2023 | 7.39% |
| 2024 | 8.63% |
| 2025 | 7.33% |
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | Neighbourhood Holding Company Ltd. |
| Management fee | 2% |
| First mortgages | 97% |
| Leverage | Unleveraged |
| Series/classes | A and B |
| Latest data | March 31, 2026 |
Additional fund details
Fisgard Asset Management was acquired by Neighbourhood Holding Company Ltd. in October 2025, bringing Fisgard Capital Corporation and Neighbourhood Holdings Income Trust I under a larger alternative mortgage platform. The two investment vehicles had combined AUM of approximately $793.5 million as of March 31, 2026. The AUM shown for Fisgard Capital Corporation represents its gross mortgage balance of $309.653 million. After provisions for credit losses and unamortized fees, net mortgage receivables were $307.878 million. As of March 31, 2026, the fund had no amount drawn from its available $60 million operating facility and is therefore classified as not leveraged at the reporting date. The issuer reports 84.11% residential exposure, including 9.66% in land. For this review, land-secured mortgages have been reclassified as commercial exposure. Returns shown are net returns for Classes A and B and assume the reinvestment of distributions.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $5,000.
The minimum investment amount through an advisor or dealer is $5,000.
About the manager
Neighbourhood Holding Company Ltd. is a Vancouver-based alternative mortgage lender and investment manager founded in 2015. Following its October 2025 acquisition of Fisgard Asset Management, it manages Neighbourhood Holdings Income Trust I and Fisgard Capital Corporation, which had combined AUM of approximately $793.5 million as of March 31, 2026. Its mortgage portfolios have exposure to British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia. Fisgard Capital Management Ltd. serves as the affiliated exempt market dealer.
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