Forgestone Capital closes an additional $ 100 million for its mortgage fund


TORONTO, March 11, 2020 / CNW / – Forgestone Capital is pleased to announce the successful closing of another $ 100 million in the capital commitments of its institutional partners in Forgestone Mortgage Fund LP. The Forgestone Mortgage Fund is an open-ended investment vehicle focused on preserving capital and providing investors with consistent, stable and risk-adjusted returns.

Forgestone Mortgage Fund LP provides borrowers with a wide range of financing options across multiple real estate asset classes within major Canadian markets. The Mortgage Fund offers experienced borrowers a combination of first and second mortgages and mezzanine loans, all secured by a mix of income-producing and non-income-producing commercial real estate. With this additional investment in equities, Forgestone Mortgage Fund now holds more than $ 200 million of capital to deploy.

CEO of Forgestone Capital Trevor Blakely commented, “Our debt platform is the natural extension and evolution of our business over the past seven years since its inception. This additional investment allows us to continue to develop and better serve our investors with a broader product offering. Blakely added, “The additional capital contributions to the mortgage fund builds well on our existing subscriptions, allowing us to continue to better serve borrowers and grow our mortgage investing business.

Stefan Simonyi, President Mortgage Investments, commented “The additional investment and support from our clients is timely given the market dynamics we are witnessing in. Canada. We will continue to build momentum as we execute our mortgage investment strategy by providing borrowers with timely, flexible and thoughtful structured debt solutions. “

About Forgestone
Forgestone Capital is a full-service real estate investment firm with more than $ 6 billion investments through Canada. Forgestone’s private equity division focuses on value-added investments and core developments, while Forgestone Realty Advisors provides real estate investment advisory and asset management services to a wide range of institutional, overseas clients. and wealthy. Each of these business lines offers diversification and is synergistic for investors in the Forgestone Mortgage Fund, allowing greater creativity for our borrowers. Please visit www.forgestonecapital.com for more information.

SOURCE Forgestone Capital Management LP

For further information: Trevor Blakely, CEO, Forgestone Capital, [email protected], (416) 477 – 8955; Stefan Simonyi, President of Mortgage Investments, Forgestone Capital, [email protected], (416) 477 – 8956

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