The Westboro Mortgage Investment Fund has increased its monthly distribution per eligible Class F unit from $0.073/Unit to $0.075/Unit, translating to a non-compounded annualized return of 9.00%. The Fund has also surpassed the $400 million milestone of mortgage assets under administration and has increased its value by more than $85 million year-over-year. This is due to an influx of highly qualified borrowers who do not meet the stringent and inflexible requirements imposed by traditional lenders due to governmental regulations.
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