Harbour Mortgage Corp.

September 11, 2014 12:38 ET

Harbour Completes Initial Capital Raise of $65.4 Million for the Newly Created Harbour High Yield Mortgage Fund

TORONTO, ONTARIO--(Marketwired - Sept. 11, 2014) - Harbour Mortgage Corp. ("Harbour") today announced the successful completion of a $65.4 million initial capital raise by the newly created Harbour High Yield Mortgage Investment Trust (the "Fund"). This new Fund will invest in high yield commercial real estate mortgage products across Canada, including high ratio first mortgages, second mortgages, and mezzanine loans for income-producing and development projects.

"The Harbour Group now has three Funds to provide both mortgage loans and equity capital to the real estate community across Canada. This allows The Harbour Group to provide debt and equity across the entire capital stack," commented Alan Winer, President and co-founder of Harbour.

The Harbour Group Platform

The Company's flagship First Mortgage Fund was launched in 2011 and provides bridge first mortgage loans on commercial real estate projects including income-producing and development deals.

The Harbour Equity Fund, launched in 2013, provides equity capital to real estate developers across Canada primarily through joint ventures, preferred equity and participating debt. The Harbour Equity Fund invests in asset classes including retail, office, industrial, and multi-residential.

The newly launched Harbour High Yield Mortgage Fund was designed to complement existing Harbour Group real estate debt and equity products and will invest in high yield commercial real estate mortgage products across Canada, including high ratio first mortgages, second mortgages, and mezzanine loans for income-producing and development projects.

About The Harbour Group:

The Harbour Group is a Toronto based, top performing real estate investment manager that is active across the full spectrum of commercial real estate investing. Since 2002, The Harbour Group has originated and funded more than $2 billion in debt and equity transactions and currently has in excess of $500 million of investments under management. With offices in Toronto, Montreal and Calgary, The Harbour Group has the ability to evaluate and close transactions quickly.

Harbour retained BelCo Private Capital Inc. ("BelCo"), an arm's-length entity and registered exempt market dealer, to facilitate the distribution of units in the Fund.

For more information please visit www.harbourmortgage.ca.

FSCO Broker #10290

Contact Information