Timbercreek Financial
Public Corporation · Multi-Residential
Managed by Timbercreek Capital Inc.
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
Timbercreek Financial Corp. (TSX: TF) is a publicly traded, Toronto-based non-bank mortgage lender providing shorter-duration structured financing to commercial real estate investors across Canada. The portfolio is concentrated primarily in multi-family residential and commercial properties in major urban markets, with approximately 95% first mortgage exposure. Externally managed by Timbercreek Capital Inc., the fund was formed in 2016 through the amalgamation of two earlier mortgage investment corporations. It pays monthly dividends and uses leverage and mortgage syndication.
At a glance
| Assets under management (AUM) | $1.2B CAD |
| 2025 return | 6.5% |
| Overall LTV | 66.5% |
| First mortgages | 94.7% |
| Property focus | Residential (1%) / Commercial (39%) / Multi-Residential (60%) |
| Structure | Public Corporation |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (1%), commercial mortgages (39%) and multi-residential mortgages (60%).
| Property Type | Share (%) |
| Residential | 1% |
| Commercial | 39% |
| Multi-Residential | 60% |
Timbercreek Financial has a focus on Ontario, with 34.1% of its mortgages located in Ontario, followed by BC (23.9%), Quebec (21.3%), Alberta (12.3%).
| Province/Region | Share (%) |
| Ontario | 34.1% |
| Quebec | 21.3% |
| BC | 23.9% |
| Alberta | 12.3% |
| Other Categories | 8.4% |
Timbercreek Financial returns
| Calendar year | Net return |
| 2023 | 10% |
| 2024 | 16.4% |
| 2025 | 6.5% |
Fund facts
| Structure | Public Corporation |
| Managed by | Timbercreek Asset Management Inc. (TAMI) |
| Management fee | 0.85% |
| First mortgages | 94.7% |
| Leverage | Leveraged |
| Latest data | March 31, 2026 |
Additional fund details
The portfolio consists of 114 mortgages and currently provides a yield of approximately 10.4%. The fund uses leverage and may participate in mortgage syndications, where loans are shared with other lenders or investors. It has maintained an annual dividend of $0.69 per share for 2025.
Investor access
Available to individual investors
This fund is available to individual investors.
Minimum investment terms are not publicly disclosed.
About the manager
Founded in 2000 and headquartered in Toronto, Timbercreek Capital Inc. is an alternative real estate investment manager specializing in debt and equity investments across commercial real estate in Canada and the United States. Led by co-founder and CEO Blair Tamblyn, the firm has structured and executed investments totalling over $18 billion since inception. Timbercreek manages the publicly listed Timbercreek Financial Corp. (TSX: TF) and several institutional private funds including the Timbercreek Real Estate Debt – U.S. Fund.
Other funds by Timbercreek Capital Inc.
Explore other WOWA reviews of funds managed by Timbercreek Capital Inc.:
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.