History
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Partners
Sheldon Esbin
Mark Hilson
Wesley Roitman
Arthur Resnick
Blake Cassidy
Richard Weldon
Peter Oelbaum
Mary Gianfriddo
Investor Relations
Arthur Resnick
Dianna Price
Lisa Calandra
Mortgage Administration
Mary Gianfriddo
Finance
Arnie Bose
Vitor Fonseca
Origination
Blake Cassidy
Legal Counsel
Joel Mickelson
Consultants
Tom Conwell
Pierre Leonard
Fund Introduction
Romspen Mortgage Investment Fund
Offering Memorandum
F.A.Q.
How to Invest
Summary of Terms
Forms
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Fund Highlights
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Fund Distributions \ Returns \ Fair Market Value
Year-to-Date Performance Returns
Historical Annual Performance Returns
Risk vs Return
Financial Reports
2017 3rd Quarter Report
2017 2nd Quarter Report
2017 1st Quarter Report
2016 Annual Report
2016 3rd Quarter Report
2016 2nd Quarter Report
2016 1st Quarter Report
2015 Annual Report
2015 3rd Quarter Report
2015 2nd Quarter Report
2015 1st Quarter Report
2014 Annual Report
2014 3rd Quarter Report
2014 2nd Quarter Report
2014 1st Quarter Report
2013 Annual Report
2013 3rd Quarter Report
2013 2nd Quarter Report
2013 1st Quarter Report
2012 Annual Report
2012 3rd Quarter Report
2012 2nd Quarter Report
2012 1st Quarter Report
2011 Annual Report
2011 3rd Quarter Report
2011 1st Quarter Report
2010 Annual Report
2009 Annual Report
2008 Annual Report
2007 Annual Report
2006 Annual Report
AGM
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Loan Programs
Construction Loans and Pre-development Construction Mortgages
Term Mortgages
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Commercial Mortgages - Contact Us
ABOUT ROMSPEN
History
At a Glance
Investor Returns
Investment Strategy
ABOUT ROMSPEN
ABOUT ROMSPEN
/
Investment Strategy
Investment Strategy
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Romspen is one of Canada's oldest and largest non-bank mortgage lenders. We have consistently followed a simple and proven investment approach which has produced excellent returns for our investors over a long period of time. First, and foremost, we focus on
capital preservation
and look for safe mortgages and avoiding all aspects of risk in the loan. From a return perspective, we focus on generating
strong absolute cash returns
, regardless of the prevailing investment climate. Last, we strive for
consistency and predictability
in our returns, month-to-month and year-to-year. Sound commercial mortgage lending is not based upon a convenient financial model or scoring template. Rather, it is based upon the availability of safe mortgages and a
common-sense approach to lending
. Successful lending involves an intense, hands-on process which is essential to avoiding losses. Capital preservation is always paramount as losses can reduce returns much faster than they can be increased by high interest rates. While our strategy is simple, its consistent execution over many years is more involved and is based on the following parameters:
Solid Underwriting
Rigorous quantitative analysis, visiting every property and interviewing every borrower is the foundation of our lending.
Prudent Lending
Loan-to-value ratios of approximately 65% at the time of underwriting help create a margin of safety.
Short-Term Mortgages
With an average term of under two years, we have an opportunity to reassess the credit terms frequently.
Diversification
A mix of loans by size, borrower, geography and property type smooths returns by limiting exposure to any one area.
Syndication
On larger loans, we reduce our exposure by including partners we know.
Experience
We have extensive expertise in working through difficult situations when they do arise to produce successful outcomes.
Exit Strategy
Before we invest, we have a clear understanding about the path to repayment.
Monitoring
Once a loan is advanced we continue to regularly monitor the borrower and the property until the mortgage is repaid.
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