KV Mortgage Fund
Open-Ended Corporation (MIC) · Commercial
Managed by KV Capital Inc.
Data as of: June 1, 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
KV Mortgage Fund is an open-ended Alberta mortgage investment corporation investing in a diversified portfolio of short-term commercial mortgages, primarily first-position loans in major Western Canadian municipalities. KV Capital originates, underwrites and administers the mortgages in-house, and the fund distributes income monthly.
At a glance
| Assets under management (AUM) | $461M CAD |
| 2025 return | 8.67% |
| Overall LTV | 62.5% |
| First mortgages | 82% |
| Property focus | Construction (34%) / Commercial (56%) / Multi-Residential (10%) |
| Structure | Open-Ended Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of construction mortgages (34%), commercial mortgages (56%) and multi-residential mortgages (10%).
| Property Type | Share (%) |
| Construction | 34% |
| Commercial | 56% |
| Multi-Residential | 10% |
KV Mortgage Fund has a focus on Alberta, with 65% of its mortgages located in Alberta, followed by BC (33%), Ontario (2%).
| Province/Region | Share (%) |
| Ontario | 2% |
| BC | 33% |
| Alberta | 65% |
KV Mortgage Fund returns
| Calendar year | Net return |
| 2023 | 8.22% |
| 2024 | 8.84% |
| 2025 | 8.67% |
Return objective (2026)
KV Mortgage Fund's target for 2026: Two-year Government of Canada benchmark bond yield plus 4.5 percentage points.
Fund facts
| Structure | Open-Ended Corporation (MIC) |
| Managed by | KV Capital Inc. |
| Management fee | 1% |
| Performance fee | 20% of any distributions that exceed the 2 year Government of Canada benchmark bond yield (V122538) plus 4.5% |
| First mortgages | 82% |
| Leverage | Leveraged |
| Series/classes | Class A and Class B preferred shares |
| Latest data | June 1, 2026 |
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $10,000.
The minimum investment amount through an advisor or dealer is $10,000.
About the manager
KV Capital Inc. is an Edmonton-based alternative investment manager founded in 2006, operating across real estate debt, real estate equity, and private equity. The firm manages KV Mortgage Fund alongside real estate equity and private equity vehicles. Licensed as a mortgage brokerage in Alberta, Ontario, and BC, KV Capital opened a Toronto office in November 2025 to expand its national presence.
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