Three Point Capital Corp. – Well Positioned to Benefit from Rising Demand for Alternative Lending
Highlights Despite the pandemic, mortgage receivables grew 17% YTD, to $118M. This report is...
Read MoreHighlights Despite the pandemic, mortgage receivables grew 17% YTD, to $118M. This report is...
Read MoreThree Point remains focused on first mortgages on single family residential properties. At the end of Q3, first mortgages accounted for 93% of the total portfolio. The loan-to-value (“LTV”) remains low at just 55%. The MIC has been diversifying its portfolio into Ontario (“ON”). At the end of Q3, B.C. accounted for 62%, and ON accounted for 29%.
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