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Firm Capital Property Trust
FCD.UN · TSX · reit
$500,000
Mortgage receivable$0.5 million investment in a $2.5 million second mortgage (Trust's share $0.5M), renewed to April 1, 2026 maturity; reported as Mortgages Receivable (current asset). Subsequent event: repaid in full May 6, 2026.
Terms
- Instrument
- Mortgage receivable
- Principal / carrying balance
- $500,000
- Interest rate
- 13%
- Rate type
- floating
- Maturity
- Apr 1, 2026
- Term
- 12 months
- Lien position
- second
- Counterparty
- —
- Property / location
- Pointe Claire, Quebec
- As of
- Mar 31, 2026
Security
Second mortgage secured by a property in Pointe Claire, Quebec; interest at greater of 13% per annum or TD Canada prime plus 8.05%
Source excerpt
On June 13, 2024, the Trust invested $0.5 million in a $2.5 million second mortgage secured by a property located in Pointe Claire Quebec with a term of 12 months. The outstanding loan was subsequently renewed with a maturity date of April 1, 2026 with interest at the greater of 13% per annum or the TD Canada posted bank prime rate of interest plus 8.05%.
Note 3 / Note 18(c) · Interim financial statements 2026 · View filing (PDF) · extraction confidence 95%
Automatically extracted from a public filing. Verify every figure against the source document before transacting.