About Us

Three companies operate under the Canada Penfund banner:


Canada Penfund Mortgage Corporation (CPMC) is a registered CMHC-approved mortgage correspondent and mortgage manager/originator registered as a mortgage broker under the Mortgage Brokers Act of British Columbia (reg. #X027006). It serves borrowers and investors, both institutional and private. It is active in Canada Mortgage Bond and Mortgage-Backed Securities lending markets.


Pendfund Income Fund Inc. (PIFI) is an Exempt Market Dealer registered in British Columbia and Alberta and licensed under NI 45-106 (#55820) to trade in securities to qualified exempt market investors. In conjunction with CPMC, it is licensed to underwrite and syndicate mortgage and other securities and trade in securities issues on behalf of companies, persons, investment funds, merchant banks and private and institutional investors such as pension funds, treasuries and life companies. The Board of Trustees connected to PIFI reviews loans prior to funding.


Service Partner CPMC partners with an institutional, CMHC Approved Lender ($14BB AUM) with a national presence in Canada that services its loans on behalf of CMHC, pension funds, life companies, merchant banks and other investors.


Borrowers count on Canada Penfund to provide timely, professional service with best-in-class pricing and a complete product line of both NHA insured and conventional loans across all asset classes. As a high volume CMHC-licensed lender for over 30 years it has earned industry-wide trust and respect from CMHC, borrowers and investors.


Investors, private and institutional participate directly in commercial mortgage loans secured by revenue-producing commercial and multi-residential property.


Members of the Board of Trustees and CPMC executive are long standing participants in the field of commercial mortgage lending in Canada with over 150 years and $5BB of combined investment and legal and business experience.

Investment Objective

The objective of Canada Penfund is to provide borrowers a safe, easy path to well priced mortgage capital. This results in direct investment by institutional and private Investors into quality mortgage loans secured by real property. Mortgage investments are primarily ‘investment grade’ mortgage loans secured by property such as apartments, retail plazas, warehouse and office buildings. Investment grade loans are those which Schedule A investors such as banks, life companies, CMHC and others routinely invest in. These loans have the highest probability of timely repayment and zero capital loss.


Canada Penfund is strategically aligned with institutional investors such as pension funds, provincial treasuries and life companies. Conventional and construction financing is funded through various lending partners. Loans are disbursed across Canada, mainly in the Provinces of British Columbia, the Prairie Provinces and Ontario. Loans are scrutinized by the Manager and the Board of Trustees to maintain a high industry-standard quality.


Investment Approach

Pendfund Income Fund Inc. focuses on capital preservation by using vigilant loan underwriting and practical experience.

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Full Service Platform

Canada Penfund Mortgage Corporation is a specialized asset manager focused on CMHC insured and conventional commercial real estate loans. In conjunction with EMD Pendfund Income Fund Inc., it may provide exclusive or syndicated access to commercial mortgages to qualified individuals, institutions, trusts, endowment funds and discretionary investment advisors. Canada Penfund has an unlimited capacity to originate commercial mortgage assets through its various vehicles and invests exclusively in commercial mortgage debt. Certain servicing duties are contracted to its Servicing Agent which has $14BB AUM.


Canada Penfund believes that attractive investment returns are achieved by active management in lending and investment. Officers within the firms have spent careers providing key financial, legal, valuation and other services to their clients.

*Low-risk refers to an industry-standard context and is not meant to imply the investment is without risk.


National Footprint

Canada Penfund lends and syndicates commercial mortgage loans across Canada, mainly in urban areas in the provinces of British Columbia, the Prairie Provinces and Ontario. Our Servicing Partner and Approved Lender has a national presence and regional offices across the country; the two firms work mutually in the origination, structure, placement and servicing of loans across the country. Investor customers include large pension funds, financial institutions and private investors.


Canada Penfund knows it cannot be everywhere at once. Often, loans are placed with the help of brokers, trusted correspondents and associates of Canada Penfund. Canada Penfund and Pendfund Income Fund Inc. are strategically focused to provide the stability, confidence and support its investors, borrowers and governors can rely on.