Firm Capital’s investment portfolio increased by $38.9 million to reach $681.4 million as of June 30, versus the $642.5 million level as at December 31, 2021. During the first half of 2022, new investment funding stood at $274 million (2021: $203.3 million), and repayments were at $235.1 million (2021: $232.5 million).
Read more: Firm Capital expands lending presence in Western Canada
Total gross investment portfolio as of June 30 was at roughly $681.398 million, approximately 6% higher than the $642.531 million at the end of 2021. Conventional first mortgages (LTV less than 75%) amounted to 78% of the total portfolio.
Income for Q2 represented a return on total shareholders’ equity (based on the average of the month end shareholders’ equity in the year) of 8.09%, amounting to a return on total shareholders’ equity of 479 basis points per…