Structured Development Finance

Bespoke opportunity to partner on the next iteration of the True North Partnership.

We have a successful 25+ year track record of deploying capital in Canada and the US.

Equity deployed
($m)

800

Homes delivered
(across North America)

9500

Projects funded
(residential developments)

79

Join us in True North IV

  • Our Structured Development Finance (SDF) Programme complements our investment and development businesses by providing capital to leading for-sale and rental residential developers in select North American markets. 
  • The programme has a 25+ year track record of directly sourcing, funding, and managing structured capital for residential developers in Canada and the US, including the successful management of three True North Partnerships since 2015.
  • Since 2000, the SDF business has acted as a capital provider to 79 residential development projects with 9,500+ residential units. 
  • With strong long-standing relationships and intimate market knowledge, we deliver off-market sourcing with lower transactions costs and reduced performance risk. 

Contact our team for more information
Case Study - Canada Case Study - Canada

Case Study - Canada

  • Location: Coquitlam, BC
  • Developer: 40+ years' experience
  • Product type: Condominium & Multifamily Rental
  • Units: 745 (527 condominiums & 218 rentals)
  • Project timeline: 50 months
  • Investment amount: $39.6m
  • This masterplan community includes two high-rise condominium towers, two mid-rise rental buildings, and features over 25,000 square feet of indoor and outdoor amenity space.
  • The project is conveniently located a short walk to the Burquitlam SkyTrain Station, offering access to downtown Vancouver within 40 minutes.
  • The condominium buildings combined were significantly pre-sold at closing of our loan.

Case Study - US Case Study - US

Case Study - US

  • Location: Fullerton, CA
  • Developer: 40+ years' experience
  • Product type: Apartment
  • Units: 290
  • Project timeline: 31 months
  • Investment amount: $39.1m
  • The project features ten non-market units available to those earning up to 120% of the area median income. 
  • Comprehensive amenities include a business center with private offices, a pool with private cabanas, outdoor fireplaces, ground-floor retail, a clubhouse, state-of-the-art fitness center, three rooftop viewing decks, a dog park, and a spa.
  • The project sold in 2021 for $168m. At the time of the sale, the transaction marked the highest price-per-unit of a market-rate multifamily community in Orange County.

Group 2