Hi everyone,
We know there’s nothing better than getting good news about investments in your inbox. Going forward we will provide regular updates including; Performance and highlights, customer success story, strategy, and how you can help! Please note this update is as of June 30, 2021.
Quarter in Review
Northern Alliance Financial mortgage funds were not impacted significantly by the global pandemic. We are grateful for the loyalty of our investors and the strength of our mortgage portfolios. We are fortunate to be celebrating a strong season, with higher than normal transactions as the real estate market in BC heats up. Our only challenges during COVID-19 were two homeowners who opted into the deferral program but are now back to full payments.
Performance & Highlights
Our investors have two options of where to place their funds: Northern Alliance Trust or Provident Diversified Mortgage Corp. Quarterly summaries are available for download below.
Northern Alliance Trust (NAT)
- Continues to return 8.2%, annualized and compounded quarterly
- $15M assets under management
- Over 85 loans
- Over 100 investors
Provident Diversified (PDMC)
- Tracking to a targeted 5-6% return for September 30, following the correction of a defaulted loan for the summer months
- Over $6M assets under management
- Over 19 loans
- Over 40 investors
Customer Success Story
We had a borrower in need of bridge financing to purchase a new home. Once the borrowers existing home is sold they can transition to an ‘A’ lender. The borrower was extremely pleased with the transaction, the process, and overall dealings.
- Location: Kamloops, BC
- Loan size: $650,000
- LTV: 70%
- Interest Rate: 8.99%
2021 Strategy: Scale and Raise $20M
We are raising funds to add economies of scale to the mortgage funds.
To support this drive, we are:
- Becoming registered in Ontario to solicit investors and serve more homeowners. We anticipate being fully registered in fall, as this often takes a few months.
- Investing in business development and marketing to find great investors like you.
- Adding additional incentives to our Referral Program for September
Opportunity International
Northern Alliance and its sister management company Shelter Lending are supporters of Opportunity International. Many of you are already involved in this innovative and exciting non-profit organization that assists entrepreneurs in third-world countries with microloans and training to become self-reliant and successful. We are part of the Alberta Business Trust group which is focused on supporting entrepreneurial women in Haiti. For more information, please connect to the link on our website at:
https://www.nafinancial.ca/about/community/
We want your help
As this is our first update, we have three asks of our investors:
- Let us know what you want to hear about! Let us cater this update to you.
- Get involved with Opportunity International or other humanitarian organizations.
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Do you have friends or family who might want to invest with us? Sign up for our Referral Program, it's free and easy and required by Canadian Securities. Should we determine an investment is suitable after getting to know your referral and they invest with us, you’ll be paid a one-time referral fee of 3%. Contact Dave for more details.
About Northern Alliance Financial Corp
Northern Alliance Financial Corporation is an exempt market dealer, providing two mortgage investment funds with capital from investors in British Columbia, Alberta and Manitoba.
