CMCC Capital Fund Limited Partnership

  • $66,350,000
  • Manager commitment of $4.1 million
  • Closed Q3 2016
  • 60% committed; 6 total investments – 1 preferred equity, 5 joint venture equity
  • Fund investments located in the Greater Toronto Area and Vancouver.
  • Fund projects include mixed use, high rise and low rise residential real estate.
  • Anticipated annualized investor return, net of fees, of greater than 19.0%.

The CMCC Capital Fund invests in major urban centers in Ontario and B.C.

LOCATION TOTAL
COMMITMENT
ESTIMATED 
PROJECT 
IRR*
INITIAL
FUNDING
DATE
ESTIMATED
REPAYMENT
DATE
CURRENT
STATUS
PREFERRED EQUITY
Corktown High Rise Toronto $5,000,000 17.5% May-17 Mar-19 Project under construction. Completion expected Nov. 2018
EQUITY JOINT VENTURE
Lynn Creek Mixed Use North Vancouver $9,000,000 28.9% Apr-17 Feb-21 Land acquisition closed. Zoning application submitted.
Bloor High Rise  Toronto $8,318,000  18.3%  Jan-17  Jul-21  Units over 94% sold. Construction start Dec-17
Liberty Village High Rise  Toronto  $4,837,500  21.3%  Jan-17  Oct-21 Land closing and sales launch targeted Oct-17 
Downtown East High Rise Toronto  $3,580,000  15.7%  Jan-17   Apr-22 Zoning application submitted Feb-17 OMB appeal filed Jun-17. Land closing Sept-18 
Birch Cliff Low Rise Toronto $8,250,000 25.6% May-17 Mar-20 Zoning approved expected Oct-2017. Sales launch Nov-2017
TOTALS $38,985,500 22.3%
 *IRR= annualized project return