Dream CMCC Capital Fund Limited Partnership

  • $30,000,000
  • Manager commitment of $6 million
  • Closed Q1 2011
  • Fully deployed; 5 total investments –2 mezzanine, 3 joint venture equity
  • All fund investments located in the Greater Toronto Area, and well diversified across low, mid, and high-rise residential projects
  • Annualized investor return, net of fees, of greater than 22.0%
  • Final project repayment occurred in Q2 2017

Dream CMCC Fund 1 closed in 2011 and returned 22% to investors.

LOCATION TOTAL
INVESTMENTS
ACTUAL
INVESTOR
IRR*
INITIAL
FUNDING
DATE
ESTIMATED
REPAYMENT
DATE
CURRENT
STATUS
MEZZANINE
Corktown Mid-rise Toronto $2,000,000 14.0% Jun-11 Dec-13 Repaid
Oakville Townhouse Toronto $2,750,000 15.9% Jan-13 Mar-15 Repaid
Leslieville Mid-rise  Toronto $2,500,000  13.8% Apr-11  Feb-16 Repaid
SUBTOTAL $7,250,000 14.7%
EQUITY JOINT VENTURE
Leslieville Mid-rise Toronto $7,425,000 19.0% Apr-11 Feb-16 Repaid
Leslieville Mid-rise Toronto $2,250,000 18.7% Apr-13 May-16 Repaid
Downtown High-rise  Toronto $5,433,000 35.7% Dec-11  Dec-16 Repaid
Downtown North High-rise  Toronto $2,265,989 27.5% Nov-13 May-17 Repaid
SUBTOTAL $17,374,789 25.3%
TOTALS $24,624,789 22.1%
 *IRR=annualized project return