Downing Street launches mortgage fund on DealSquare

TORONTO, July 14, 2020 (GLOBE NEWSWIRE) — The Downing Street Groupa Toronto-based real estate investment firm, today announced the launch of its $100 million private placement offering on DealSquare for Downing Street Premium Yield Mortgage Fund LP (“DSPYM”). Powered by NEO technology, DealSquare is a joint initiative between Silver Maple Ventures and NEO to make private markets better and more accessible.

Founded in 1986, The Downing Street Group acquires, reallocates and develops residential, office, commercial, land and industrial real estate in the Greater Toronto Area and Southwestern Ontario. The company focuses on creating transformative real estate developments and provides advisory services in addition to debt and equity financing to third parties across all asset classes. With a reputation for success built on the execution of its four complementary investment theses, a savvy entrepreneurial management team and an intimate and nuanced knowledge of the local market, Downing Street offers investors stable and sustained risk-weighted returns. .

The Downing Street Premium Yield Mortgage Fund LP invests in a diversified mix of first mortgages on commercial, office, industrial and development land properties in urban areas of Ontario. The loan to value of each mortgage does not exceed 75%, while the term to maturity of each mortgage does not exceed 2 years. With DSPYM, Downing Street aims to provide unitholders with consistent monthly distributions backed by first mortgages subject to rigorous and diligent underwriting. DSPYM was launched in December 2019 and to date has provided its investors with distributions of approximately 8.55% per annum.

“We are actively growing both debt and equity in our business and need a platform that can give us access to new sources of capital. DealSquare provides this access, while providing our business with additional market exposure,” says Marc Canale, partner and chief operating officer of Downing Street. “We are thrilled to launch this campaign and look forward to welcoming new investors to our business.”

DealSquare is an online private placement platform for brokers, investment advisers and capital raisers. The centralized platform gives registered users the ability to efficiently find, analyze, share and subscribe to private market offerings. DealSquare offers a fully digital and automated process, allowing capital raisers to post their private placement opportunities, brokers to complete their due diligence, and advisors and investors to electronically underwrite a deal. Exempt titles are seamlessly integrated into customer accounts and dealer back-office systems using NEO technology.

“We welcome Downing Street Premium Yield Mortgage Fund on our platform,” says Peter-Paul Van Hoeken, Managing Director of DealSquare. “Mortgage-backed investments offer attractive cash flows, generating returns for investors. With the listing of Downing Street Group’s mortgage fund on DealSquare, advisers can now easily offer this investment opportunity to their clients and execute investment transactions.

This is Downing Street’s first time reaching out to a wider investor audience and DealSquare, powered by NEO, is the perfect tool to make it happen.adds Jos Schmitt, President and CEO of NEO. “The campaign provides wide visibility in Downing Street, while providing investors with a fully digitized platform to access an investment opportunity that would otherwise only have been accessible to a select few.

To view Downing Street’s private placement offering on DealSquare, Click here. The Downing Street ticker is available under DSPMF on existing adviser order entry systems.

About Downing Street Group

The Downing Street Group acquires, repositions and develops residential, office, retail, land and industrial properties. It also provides advisory services, in addition to debt and equity financing, to third parties across all asset classes. Led by its directors Anthony Alberga, Daniel Odorico and Marc Canale, over the past 35 years the company has earned a reputation for “big thinking with a boutique feel”.

Connect with Downing Street: Website | LinkedIn | Twitter

About DealSquare

A joint initiative between NEO and Silver Maple Ventures, DealSquare is Canada’s first centralized broker platform for private placements, digitally connecting capital raisers to investment brokers, their advisory networks and their investors. With the full deployment of the platform in early 2020, DealSquare supports the entire private placement process: capital raisers publish their private placement opportunities; concessionaires carry out their due diligence; and advisors electronically subscribe to a transaction, with exempt securities seamlessly integrated into client accounts and back-office systems using NEO technology.

Connect with DealSquare: Website | LinkedIn | Twitter

About NEO

NEO is a group of established fintech companies that provide industry-designed and industry-led capital markets infrastructure. NEO’s competitive drive, innovation and advocacy enable change for the better. The NEO Exchange is a scalable exchange that brings together investors and capital raisers in a fair, efficient and service-oriented environment; and DealSquare, powered by NEO technology, is a platform that enables the distribution of unlisted financial assets in ways that reduce costs, reduce operational risk and improve the investor experience.

Connect with NEO: Website | Twitter | LinkedIn

About Silver Maple Ventures

Silver Maple Ventures Inc. (“SMV”) is an exempt market dealer and holding company of FrontFundr Financial Services Inc. (“FrontFundr”) and DealSquare Technologies Inc. (“DealSquare”). With offices in Toronto and Vancouver, the SMV team is a national leader in private capital markets, developing and operating two fintech platforms to provide access to private markets in Canada and simplify the transaction process.