Westboro Mortgage Investment Fund Surpasses $400 Million in Assets Under Administration and Increases Monthly Distribution to Investors
The Westboro Mortgage Investment Fund has achieved a significant milestone by surpassing $400 million in mortgage assets under administration. This accomplishment reflects the fund's consistent growth and success over its 19-year history. In addition, the monthly distribution per eligible Class F unit has been increased from $0.073/Unit to $0.075/Unit, resulting in a non-compounded annualized return of 9.00%. For investors participating in the distribution reinvestment plan (DRIP), the compounded annualized return reaches 9.38%.
Driving Success in the Alternative Mortgage Market
The Westboro Mortgage Investment Fund attributes its success to the thriving alternative mortgage market. The fund has attracted highly qualified borrowers who may not meet the strict requirements imposed by traditional lenders due to governmental regulations. This influx of borrowers has contributed to the fund's growth and ability to provide consistent returns to investors.
A Dedicated Team and Methodical Approach
The fund's growth can be attributed to its dedicated team of mortgage originators, administrators, and underwriters. Their meticulous and patient approach to the mortgage cycle has allowed for consistent and manageable growth while fulfilling commitments. The fund also recognizes the valuable contribution of its Mortgage Broker partners, extending a special thank you to those who have qualified for the Private Members Club.
In conclusion, the Westboro Mortgage Investment Fund's achievement of surpassing $400 million in assets under administration and increasing monthly distributions showcases its success and commitment to providing consistent returns. With a focus on the alternative mortgage market and a dedicated team, the fund continues to thrive and offer opportunities for investors.
Hot Take: The Impact of Westboro Mortgage Investment Fund's Success on New Businesses
The Westboro Mortgage Investment Fund's significant milestone of surpassing $400 million in assets under administration and increasing monthly distributions to investors is a testament to the potential of the alternative mortgage market. This achievement has far-reaching implications for new businesses, particularly those in the financial sector.
Opportunities in the Alternative Mortgage Market
The fund's success is attributed to the thriving alternative mortgage market, which attracts highly qualified borrowers who may not meet traditional lenders' stringent requirements. For new businesses, this presents an opportunity to tap into a market that is growing and full of potential. It also highlights the importance of flexibility and adaptability in lending practices.
The Importance of a Dedicated Team
The fund's growth can also be attributed to its dedicated team of mortgage originators, administrators, and underwriters. This underscores the importance of having a dedicated and skilled team for new businesses. It also emphasizes the value of a methodical and patient approach to business growth.
In conclusion, the success of the Westboro Mortgage Investment Fund offers valuable insights for new businesses. It highlights the potential of the alternative mortgage market, the importance of a dedicated team, and the value of a methodical approach to growth. This achievement serves as a blueprint for success in the financial sector.
.svg)
