Canadian Capital Kicks Off Short-Term Mortgage PE Fund

Law360, New York (February 28, 2012, 6:10 PM EST) -- Canadian Capital Reserve Trust has launched a new private equity fund backed by Canada's premier mortgage broker to invest in short-term mortgages in the country, it said Tuesday.

The trust said the fund would look to provide higher short-term income by purchasing short-term, real estate-backed investments throughout Canada.

The mortgage investment for the funds will be placed by The Canadian Capital Group Ltd., a real estate firm founded by commercial lenders to provide more real estate financing options for Canadian investors.

The trust did not disclose...
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