Bridging Finance is proud to provide the financing for this important initiative:

Construction techniques employed at the Canadian Museum of History could help replace shoddy, mould-ridden homes in northern indigenous communities with durable, healthy residences.

history-museumDouglas Cardinal, the renowned Ottawa architect who designed the history museum, has designed a prefab three-bedroom loft-style house using cross laminated timber, made by gluing two-by-fours together at 90-degree angles.

Douglas Cardinal, the renowned Ottawa architect who designed the history museum, has designed a prefab house to be used in northern communities.

The result, Cardinal says, is a solid slab of wood that’s as strong as concrete, more fire-resistant than steel and far more energy efficient than houses made with traditional stick-frame construction.

A key aspect of the design is that the insulation and vapour barrier are on the outside of the house – not inside the building, packed between studs behind dry wall, as in most houses.

Traditional stick-frame construction is ill-suited to the north, Cardinal said in an interview. “The housing is terrible. It’s not designed around the people’s needs or culture.”
When the warm moisture inside often overcrowded houses reaches the cold air outside, it condenses in walls and ceilings, creating a breeding ground for mould. “These moulds are silent killers,” Cardinal said. “They really are detrimental to people’s health.”

Cardinal, 81, used the same approach when he designed the history museum nearly three decades ago. Because humidity levels need to be kept at around 50 per cent to preserve artifacts, he wrapped the insulation and vapour barrier around the inside walls before covering them with stone.

At present, most houses in northern communities only last about 10 years before they need major repairs. Drywall tends to deteriorate quickly and howling winds can penetrate walls.

Cardinal said his design eliminates all of those problems. The cross laminated timbers – used on interior walls, floors and ceilings – last for decades and keep the house cozy, reducing energy bills. And because the vapour barrier and insulation are outside the living space, moisture from inside drains away outside.

Cross laminated timber, known as CLT, was created in Austria. “It’s replacing concrete in Europe. They’re making high-rises out of cross laminated timber,” said Cardinal.

Because it’s relatively light, Cardinal thought CLT would be an ideal product when he was hired to design the history museum’s new history hall, now under construction. The hall’s now-completed mezzanine level, and the circular ramp leading up to it, are entirely made of cross laminated lumber.

Eager to use CLT to build houses for indigenous communities, Cardinal met last August with Josh Dewar, president of Guardian Bridge, a Stratford, Ont. company that was using laminated beams to build bridges.

“He had some designs,” Dewar said. “Our team sat down and, using his concepts and our manufacturing background, we were able to provide a fully built home for aboriginals.”

The components of the houses are made at Guardian’s plant, complete with plumbing, electrical, heating and a full kitchen. They are then shipped to a community and assembled in four or five days, using long stainless steel screws to knit together the four-inch-thick wooden walls, floors and roof.

Fully assembled, the houses cost $250,000 – about the same as native communities now pay for houses that quickly fill with mould and fall apart.

So far, Guardian has an order for 31 of Cardinal’s houses from a Cree reserve near Grand Rapids, Man, which will be assembled this summer. Other communities have expressed an interest in 80 more, and Dewar expects demand to grow rapidly.

In 2011, aboriginal communities needed an estimated 85,000 housing units – a number that has now risen to nearly 100,000, according to the Assembly of First Nations.

Cardinal, whose father was aboriginal, said he made a commitment long ago to serve First Nations. “When you see people suffering in terrible conditions, you can’t turn a blind eye to it.

“I’m hoping to be able to provide the best housing I can, and healthy housing, so the children will be able to grow up in proper conditions and be able to not only survive, but thrive.”

dbutler@postmedia.com

twitter.com/ButlerDon

Click here for the full article.

Bridging Finance Inc. has completed several recent financing’s to companies across Canada

TORONTO, November 18, 2014 – Bridging Finance Inc. (“Bridging”) is pleased to announce that it has completed several recent financings to companies across Canada.

 

Bridging targets lending to companies looking for between $300,000 and $15,000,000 in financing in the form of operating lines of credit, term loans, and factoring. Typical profiles include:

 

  • Too early for bank financing but post-revenue with strong prospects.
  • Insufficient working capital to grow the business.
  • Temporary distress but a turnaround plan in place.
  • Unique, short-term, special situations.
  • Management requires non-dilutive capital.

 

Recent highlights include:

About Bridging Finance Inc.

Bridging is a privately held Canadian company providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures, and acquisitions/buyouts. Bridging offers operating lines of credit, term loans and factoring. Bridging Finance is the sub-advisor to the Sprott Bridging Income Fund LP.

 

For further information please contact:

 

Graham Marr, CPA, CA, CFA | VP, Business Development
Bridging Finance Inc.
77 King Street West
Suite 2925, P.O. Box 322
Toronto, ON. M5K 1K7
(416) 777-1794 | 1-888-920-9598
www.bridgingfinance.ca | gmarr@bridgingfinance.ca

Bridging Finance Inc. Announces Recent Deals

November 17, 2015 01:22 PM Eastern Standard Time
2408703_bridging_finance_inc_deals_nov2015
TORONTO–(BUSINESS WIRE)–Bridging Finance Inc., as sub-advisor to the Sprott Bridging Income Fund LP (“Bridging Finance”) announces a sample of deals made in 2015. “We are very pleased with a great year in private debt financing” said David Sharpe, President & COO of Bridging Finance. “Bridging Finance has become a leader in bridge financing, our ability to move quickly and provide
flexibility plays an important role in our rapid growth as one of Canada’s premier private debt lenders.”

“Bridging Finance has become a leader in bridge financing, our ability to move quickly and provide flexibility plays an important role in our rapid growth as one of Canada’s premier private debt lenders.”

 

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About Bridging Finance Inc.
Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the Sub-Advisor to the Sprott Bridging Income Fund LP. Bridging Finance also offers portfolio management services for institutional and family office clients.

Click here for the full article.

 
Contacts
Bridging Finance Inc.
Graham Marr, 416-777-1794
C: 416-906-0395
Business Development, CA, CPA, CFA, VP
Gmarr@bridgingfinance.ca
or
M. Bobby Anand, 416-546-7340
C: 416-899-0040
Senior Managing Director, CA, CPA, CFA
banand@bridgingfinance.ca
or
Advisors please contact:
David Sharpe, 416-642-7572
C: 647-981-5658
President & COO, LLB, LLM, MBA
dsharpe@bridgingfinance.ca

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Diversity 50 appointments

captureOctober 15, 2015 – Bridging Finance is proud to announce that Natasha Sharpe, CEO and CIO and David Sharpe, President and COO, were selected by the Canadian Board Diversity Council (“CBDC”) to the 2015 Diversity 50 cohort: a distinguished list of 50 diverse, highly-qualified candidates in search of roles on Canada’s corporate boards. For further information please visit the CBDC website here: www.boarddiversity.ca and for a full list and profiles of the individuals selected please see: Diversity 50 PDF

 

For Bridging financing please contact: Graham Marr, CA, CPA, CFA, VP, Business Development, Bridging Finance Inc., T: 416-777-1794 | C: 416-906-0395,Gmarr@bridgingfinance.ca or M. Bobby Anand, CA, CPA, CFA, Senior Managing

 

Director, Bridging Finance Inc., T: (416) 546-7340 | C: (416) 899-0040, banand@bridgingfinance.ca;

 

Advisors please contact: David Sharpe, LLB, LLM, MBA, President & COO, Bridging Finance Inc., T: (416) 642-7572 | C: (647) 981-5658,dsharpe@bridgingfinance.ca;

 

Baffin Fisheries Coalition, 208 Sinaa | Iqaluit | NU | X0A 0H0 www.bfcgroup.ca

 

Bridging Finance Inc., 77 King Street W | Suite 2925 | Toronto, ON | M5K 1K7 www.bridgingfinance.ca

Baffin Fisheries Coalition announces the purchase of the MV Sivulliq with financing provided by Bridging Finance Inc.

IQALUIT, NUNAVUT and TORONTO, September 17, 2015 /Businesswire/ – Baffin Fisheries Coalition (“BFC”) is pleased to announce the purchase of the MV Sivulliq (formerly the Remoy) with financing provided by Bridging Finance Inc., as sub-advisor to the Sprott Bridging Income Fund LP (“Bridging Finance”). The MV Sivulliq is a 64 metre Arctic Shrimp Trawler built in Norway.

 

“We look forward to a long and successful fishing legacy that will allow us to make use of the profits to benefit our communities and stakeholders in Nunavut”, commented Vice-Chairman Methusalah Kunuk at the ceremony in St. John’s celebrating the vessel’s arrival.

 

We are very pleased and honoured to be part of such an important development for the Inuit-owned fisheries in Nunavut,” said David Sharpe, President & COO of Bridging Finance. “Bridging Finance has become the leader in bridge financing for First Nations/Inuit, an area that plays an important role in our rapid growth as one of Canada’s premier private debt lenders.”

 

Precipice Capital, McInnes Cooper, and Ocean Management & Trading acted as advisors to BFC in connection with the purchase.

 

About Baffin Fisheries Coalition

BFC is a 100% Inuit-owned organization that was formed in 2000 by Hunters and Trappers Organizations on Baffin Island, with headquarters in Iqaluit, Nunavut. Its initial emphasis was to develop the offshore turbot fishery in Nunavut and has evolved into the development of new inshore and offshore fisheries and scientific research regarding emerging fisheries. BFC and its shareholders have made significant investments into vessel ownership, and is a 100% owner of two large factory freezer fixed gear vessels, the MV Sikuvut and the MV Arluk II, and majority owner in a large factory freezer multi species trawler, the MV Inuksuk.

 

About Bridging Finance Inc. Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the Sub-Advisor to the Sprott Bridging Income Fund LP. Bridging Finance also offers portfolio management services for institutional and family office clients.

 

SOURCE Baffin Fisheries Coalition and Bridging Finance Inc.

 

For further information: For Baffin Fisheries Coalition, please contact: David Taylor, CPA, CMA, MBA, CFO, T: 709-726-6328

 

For Bridging financing please contact: Graham Marr, CA, CPA, CFA, VP, Business Development, Bridging Finance Inc., T: 416-777-1794 | C: 416-906-0395,Gmarr@bridgingfinance.ca or M. Bobby Anand, CA, CPA, CFA, Senior Managing

 

Director, Bridging Finance Inc., T: (416) 546-7340 | C: (416) 899-0040, banand@bridgingfinance.ca;

 

Advisors please contact: David Sharpe, LLB, LLM, MBA, President & COO, Bridging Finance Inc., T: (416) 642-7572 | C: (647) 981-5658,dsharpe@bridgingfinance.ca;

 

Baffin Fisheries Coalition, 208 Sinaa | Iqaluit | NU | X0A 0H0 www.bfcgroup.ca

 

Bridging Finance Inc., 77 King Street W | Suite 2925 | Toronto, ON | M5K 1K7 www.bridgingfinance.ca

Bridging Finance Inc. announces sub-advisory relationship with Sprott Asset Management LP

TORONTO, July 28, 2014 – Bridging Finance Inc. (“Bridging”) is pleased to announce that it has entered into an exclusive sub-advisory relationship with Sprott Asset Management LP for the Sprott Bridging Income Fund LP (the “Fund”). The Fund’s principal investment objective is to achieve superior risk-adjusted returns with minimum volatility and low correlation to traditional asset classes by investing in factored receivables and asset-based loans of Canadian and U.S. Companies.

 

The Fund provides debt capital to middle-market Canadian and U.S. companies unable to access traditional financing sources. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

“We are excited about the increased national presence that the Sprott relationship provides,” said David Sharpe, President and COO of Bridging Finance. “We will continue to focus on providing companies unable to access traditional financing with alternatives and continue to build our presence in the private debt space in Canada.”

About Bridging Finance Inc.

Bridging is a privately held Canadian company with over two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

About Sprott Asset Management

Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Offering Memorandum before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.

 

For further information please contact us at:

 

Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
(416) 365-6252
1-888-920-9598
www.bridgingfinance.ca
inquiries@bridgingfinance.ca

Bridging Finance Inc. provides a $4.9 million term loan and revolving facility to a building products manufacturer

TORONTO, July 14, 2014 – Bridging Finance Inc. (“Bridging”) recently provided a $4.9 million term loan and revolving facility to a timber products manufacturer and distributor. The facilities provided the company with additional working capital for growth and will allow the company to increase margins and manage seasonality.

About Bridging Finance Inc.

Bridging is a privately held Canadian company with over two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

About Bridging Credit Fund LP

The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked.

 

For further information please contact us at:

 

Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
(416) 365-6252
1-888-920-9598
www.bridgingfinance.ca
inquiries@bridgingfinance.ca

Bridging Finance Inc. provides a $1.5 million factoring and purchase order facility to a technology services company

TORONTO, July 4, 2014 – Bridging Finance Inc. (“Bridging”) recently provided a $1.5 million factoring and purchase order facility to a technology services company, allowing the company to capitalize on its tremendous growth prospects and accept orders from major retailers.

About Bridging Finance Inc.

Bridging is a privately held Canadian company with over two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

About Bridging Credit Fund LP

The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked.

 

For further information please contact:

 

Ian Baele,
Vice President, Sales
Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
1-888-920-9598
ibaele@bridgingfinance.ca

Bridging Finance Inc. provides a $6.5 million factoring facility and term loan to an international logistics company

TORONTO, July 4, 2014 – Bridging Finance Inc. (“Bridging”) recently provided a $6.5 million factoring facility and term loan to an international logistics company. The facilities provided the Company with additional working capital to finance its operations focused on handling large volume commodities.

About Bridging Finance Inc.

Bridging is a privately held Canadian company with over two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

About Bridging Credit Fund LP

The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked.

 

For further information please contact us at:

 

Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
(416) 365-6252
1-888-920-9598
www.bridgingfinance.ca
inquiries@bridgingfinance.ca

Bridging Finance Inc. Provides $3M Facility to a Technology Services Company

TORONTO, June 4, 2014 – Bridging Finance Inc. (“Bridging”) recently provided a $3,000,000 accounts receivable facility to a technology services company. The facility allowed the company to pay off its existing debt, with the remainder being used for working capital purposes.

 

“As a business with huge potential, they required financing to pay off existing debts and to provide working capital as they transition their business to digital/web based solutions.” says Kevin Westfall, Senior Vice President, Factoring.

About Bridging Finance Inc.

Bridging is a privately held Canadian company with over two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

About Bridging Credit Fund LP

The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked.

 

For further information please contact us at:

 

Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
(416) 365-6252
1-888-920-9598
www.bridgingfinance.ca
inquiries@bridgingfinance.ca

Bridging Finance Inc. Provides $10M Facility to a Retail Marketing Company

TORONTO, May 26, 2014 – Bridging Finance Inc. (“Bridging”) recently provided a $10,000,000 accounts receivable facility to a consumer retail marketing company. This facility provided the company with working capital to fund its marketing expenses and to help manage its substantial growth across North America.

 

“Rather than continue to dilute, they were seeking a financing solution that would provide cash flow to meet their everyday needs i.e. payroll, rent, and taxes” says Kevin Westfall, Senior Vice President, Factoring.

About Bridging Finance Inc.

Bridging is a privately held Canadian company with over two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

About Bridging Credit Fund LP

The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked.

 

For further information please contact us at:

 

Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
(416) 365-6252
1-888-920-9598
www.bridgingfinance.ca
inquiries@bridgingfinance.ca

Bridging Credit Fund LP Announces First Quarter Distribution for 2014

TORONTO, April 16, 2014 – Bridging Credit Fund LP (the “Fund”) is pleased to announce it has declared a quarterly distribution of $2.45 per class A unit of the Fund (“Class A Units”) and class F unit of the Fund (“Class F Units”). The distribution was paid on April 15, 2014 to holders of Class A Units and Class F Units of record on March 31, 2014.

 

The Fund has an 8.61% return (annualized) since inception (November 21, 2013) and is diversified across approximately 500 debtors/holdings.

 

About Bridging Credit Fund LP

The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked.

 

Key Fund Features

  • Target Minimum Yield Risk Protection: If the Target Minimum Yield of 6.5% per annum is not met, the Manager will waive its portion of the management fee to meet the Target Minimum Yield.
  • Floating Target Minimum Yield: The Target Minimum Yield is a floating target that is adjusted once a year to reflect changes in the Prime Rate. Yield is paid out quarterly to investors.
  • Non Correlated: To traditional asset classes and public markets.

 

For further information please contact:

 

Ian Baele,
Vice President, Sales
Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
1-888-920-9598
ibaele@bridgingfinance.ca

Bridging Credit Fund LP Announces Institutional Investment in the Fund

TORONTO, Canada (March 13, 2014) Bridging Credit Fund LP (the “Fund”) is pleased to announce that a large Canadian wealth management company has made a $2 million purchase of Class-I Units of the Fund. The institutional investment in the Fund was made after the completion of extensive due diligence on Bridging Finance Inc. (“Bridging”) and the Fund.

 

About Bridging Credit Fund LP

The investment objective of the Fund is to acquire and maintain a diversified portfolio of Factoring Investments and Asset Based Investments. The Fund offers clients yield outside of traditional fixed income investments (i.e. not invested in real estate or bonds) and is non-market linked. The Fund has an 8.16% return (annualized) since inception and is diversified across approximately 100 holdings.

 

Key Fund Features

  • Target Minimum Yield Risk Protection: If the Target Minimum Yield of 6.5% per annum is not met, the Manager will waive its portion of the management fee to meet the Target Minimum Yield.
  • Floating Target Minimum Yield: The Target Minimum Yield is a floating target that is adjusted once a year to reflect changes in the Prime Rate. Yield is paid out quarterly to investors.
  • Non Correlated: To traditional asset classes and public markets.

 

For more information on the Fund and Bridging please visit: www.bridgingfinance.ca

 

For further information please contact:

 

Ian Baele,
Vice President, Sales
Bridging Finance Inc.
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
1-888-920-9598
ibaele@bridgingfinance.ca

Bridging Credit Fund LP Announces Debt Facility with Canadian-Based Junior Exploration Company

TORONTO, December 9, 2013 – Bridging Credit Fund LP (“Bridging”) is pleased to announce that it has closed a $1,000,000 debt facility with a Canadian-based junior exploration company (the “Company”).

 

The loan provided to the Company is secured by a mortgage on the property as well as by a charge on all other assets of the Company.

 

The proceeds of this loan will be used to provide the Company with working capital while the anticipated purchaser of the Company’s surface and timber assets completes its due diligence. This due diligence is currently well underway.

Bridging is a privately held Canadian company providing small and middle-market Canadian and U.S. companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working finance for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

About Bridging Credit Fund LP

Bridging’s investment objective is to achieve superior risk-adjusted returns with minimal volatility and low correlation to most traditional asset classes.

 

To achieve its investment objective, Bridging invests in an actively managed portfolio comprised of (i) asset-based loans primarily to Canadian and U.S. based companies that have good quality collateral and (ii) factored accounts receivable and inventory financing primarily to Canadian and U.S. based companies and financing of Canadian federal and provincial tax credits.
For further information please contact:

Ian Baele,
Vice President, Sales
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
1-888-920-9598

Bridging Credit Fund LP Announces November 29, 2013 Net Asset Value Per Share Of $100.11

TORONTO, Canada (December 3, 2013) Bridging Credit Fund LP (“Bridging” or the “Fund”) announces that as at November 29, 2013, the unaudited net asset value per share (“NAV”) was $100.11. The Fund’s inception date was October 21st, 2013 with a starting NAV of $100.00. The Fund anticipates paying a distribution on the last business day of December, 2013.

 

About Bridging

The Fund gives Canadian investors access to a highly specialized asset class with a focus on delivering predictable yield over the long term. The Fund invests in an actively managed portfolio of asset-based loans that have good quality collateral, factored accounts receivable and inventory financing, primarily to Canadian and U.S. based companies. For more information on the Fund please visit: www.bridgingfinance.ca

 

Use of Non-GAAP Financial Measures

NAV is a non-GAAP financial measure calculated as the value of total assets less the value of total liabilities divided by the total number of limited partnership units outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. NAV is calculated as at a particular date and is, by its nature, historical, and may not be reflective of the Fund’s future performance.

 

For further information please contact:

 

Ian Baele,
Vice President, Sales
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7
1-888-920-9598

Bridging Finance launches Bridging Credit Fund LP

TORONTO, October 16, 2013 /CNW/ – Bridging Finance Inc. (“Bridging”) is pleased to announce the launch of Bridging Credit Fund LP (the “Fund”).

 

The Fund will give Canadian investors access to a highly specialized asset class with a focus on aiming to deliver predictable yield over the long term. The Fund will invest in an actively managed portfolio of asset-based loans that have good quality collateral, factored accounts receivable and inventory financing, primarily to Canadian and U.S. based companies. The portfolio of the Fund will include only asset-based loans that are fully collateralized based on liquidation values and/or potential cash flows.

 

The President of Bridging, Natasha Sharpe, has an extensive background in credit, risk assessment and corporate finance with leading Canadian financial institutions. “The Canadian landscape is a difficult one when searching out above average yield” said Natasha Sharpe. “We saw an opportunity to tap into an underserved market in the Canadian business borrowing space and pass along those opportunities to investors” she added.

 

The Fund is targeting an initial minimum yield of 6.5% per annum and incorporates several key features:

 

  • Target Minimum Yield Risk Protection: If the Target Minimum Yield is not met, Bridging will waive its portion of the management fee to meet the Target Minimum Yield.
  • Floating Target Minimum Yield: The Target Minimum Yield is a floating target that is adjusted once per year to reflect changes in the Prime Rate.
  • Low Correlation: Low correlation to traditional asset classes and public markets.

 

The Fund will be offered across Canada through investment dealers pursuant to its offering memorandum via FundSERV.

About Bridging Finance Inc.

Bridging is a privately held Canadian company with close to two years of private investment management experience providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working finance for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts.

 

SOURCE: Bridging Finance Inc.

 

For more information, please obtain the Offering Memorandum from your dealer or visit us at www.bridgingfinance.ca,

 

Or call 1-888-920-9598 or email inquiries@bridgingfinance.ca:

 

David Sharpe, LLB, LLM, MBA
COO & CCO