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Institutional portfolio management

Mortgage investments

Desjardins Global Asset Management's mortgage investments activities are located in Montreal, Toronto, Vancouver and Quebec City. This group manages a portfolio worth more than $4 billion.

Desjardins Global Asset Management has carved out an enviable niche for itself in the Canadian market through the superior quality of its portfolio, the professionalism of its teams and the quality of its products and services.

The portfolio comprises office buildings, shopping centres, industrial properties and loans either secured by multi-unit residential properties or insured by the Canada and Mortgage Housing Corporation (CMHC).

The Mortgage Investments team is also involved in loan syndication, institutional financing and certain innovative private investment financings.

  • Annual volume of new loans underwritten: $200 to $300 million
  • Offices in Montreal, Toronto and Vancouver
  • Regional representation, high level of expertise and market knowledge, flexible service offering for mortgage and institutional financing.

Backed by a team of leading experts, the Mortgage Investments team at Desjardins Global Asset Management is located in 3 major Canadian financial centres.

Our extensive network of contacts and our in-depth knowledge of regional markets are just 2 of the many advantages of our service offering.

Areas of expertise

  • commercial mortgages
  • institutional financing
  • loan syndication
  • infrastructure projectse
  • special connections with national accounts
  • knowledge of Canada-wide market
  • synergy with Desjardins network

Sectors of activity

  • traditional mortgages
  • properties that are superior to excellent in quality
  • retirement homes
  • industrial buildings
  • office buildings
  • shopping centres
  • mortgage bonds
  • structured loans (PPP and other)

Quebec

Conventional loan

999, rue University
999, rue University
Montréal, Québec

Type of property: Class A Office
Number of floors: 19
Square footage: 433,880 sq. ft.

Type of loan: AA-Rated Mortgage Bond
Amount of loan: $100 million
Syndication: Desjardins Financial security is the lead lender of a lending syndicate

9600 to 9700, Chemin du golf
9600 to 9700, Chemin du golf
Montréal, Québec

Type of property: Class A Industrial Portfolio
Number of properties: 11
Square footage: 642,386 sq. ft.

Type oflLoan: Multi-tranche Mortgage Bond with fixed and variable terms
Amount of loan: $23 million
Syndication: Loan syndicated with the Desjardins Network

Prêt institutionnel

260, rue Dessureault
260, rue Dessureault
Trois-Rivières, Québec

Type of property: Sport centre

Type of loan: Institutional Loan
Amount of loan: $29.8 million

Nova Scotia

Conventional loan

1477-1479, Lower Water Street
1477-1479, Lower Water Street
Halifax, Nova Scotia

Type of property: Class A Retail
Square footage: 233,334 sq. ft.

Type of loan: Conventional Loan
Amount of loan: n.a.

Ontario

Conventional loan

5118, Highway 69 North
5118, Highway 69 North
Hanmer, Ontario

Type of property: Retail property fully leased to Shoppers Drug Mart

Type of loan: Conventional Mortgaget
Amount of loan: $2.85 million

155-175 Britannia Road
155-175 Britannia Road
Mississauga, Ontario

Type of property: Industrial
Square Footage: 429,000 sq. ft.

Type of loan: Conventional Mortgage
Amount of loan: n.a.

1375, St-Laurent
1375, St-Laurent
Ottawa, Ontario

Type of property: Class A Office
Square footage: 93,324 sq. ft.

Type of loan: Construction and take-out
Amount of loan: Construction - $14 million / Take-out - $7.5 million

CMHC loan

67, 15th Street
67, 15th Street
Hearst, Ontario

Type of property: Seniors Residence
Number of units: 65

Type of loan: CMHC Insured Loan
Amount of loan: $6 million

5, Harding Avenue
5, Harding Avenue
Toronto, Ontario

Type of property: Apartment Building
Number of units: 184

Type of loan: CMHC Insured Loan
Amount of loan: $21 million

167, Church Street
167, Church Street
Toronto, Ontario

Type of property: Apartment Building
Number of units: 388

Type of loan: CMHC Insured Loan
Amount of loan: $49 million

675, Roselawn Avenue
675, Roselawn Avenue
Toronto, Ontario

Type of property: Apartment Building
Number of units: 52

Type of loan: CMHC Insured Loan
Amount of loan: $3.2 million

British Columbia

Conventional loan

Thompson River University Residence
Thompson River University Residence
Kamloops, British Columbia

Type of property: Student Housing
Number of units: 584

Type of loan: A-rated Mortgage Bond
Amount of loan: $41.7 million
Special feature: 42-year term

CMHC loan

2799, Yew Street
2799, Yew Street
Vancouver, British Columbia

Type of property: Seniors Residence
Number of units: 141

Type of loan: CMHC Insured
Amount of loan: $20.56 million
Special feature: 20-year term

To serve its partners and clients, the sector has a staff of almost 2 dozen specialists working out of offices in Montreal, Toronto and Vancouver.

Lyne Roy Payette, B.A.A.
Vice-President
Commercial Mortgages
Contact by email
514 285-7818

Lyne Roy Payette oversees the institutional and mortgage investment portfolio at Desjardins Global Asset Management. As part of her duties, she supervises three commercial real estate financing teams located across Canada.

Mrs Roy Payette before joining Desjardins Global Asset Management in 2013 was a Director & Team Leader, Real Estate Finance Division, Eastern Canada at CIBC from 2010 to 2013. She held a number of positions in commercial and real estate financing at the Royal Bank of Canada since 1980.

Lyne Roy Payette has a bachelor's degree in commerce from the University of Sherbrooke.

Claude Landry, C. App
Vice-President Commercial Mortgages (Eastern Canada)
Contact by email
514 285-7950

Claude Landry supervises our commercial mortgage investments for Eastern Canada.

Before joining Desjardins Group in 1993, Mr. Landry held a number of positions in business lending and corporate banking at Trust General du Canada. He was appointed to various responsibilities at Desjardins Global Asset Management, including Quebec Branch Director and Regional Director, Eastern Canada for Desjardins Financial Security. Mr. Landry became Vice-President, Commercial Mortgages, Eastern Canada in April 2013.

Claude Landry has a bachelor's degree in business administration from Université du Québec in Montreal.

Iain Pollock
Regional Vice-President, Central and West Coast Canada
Mortgage Investments
Contact by email
604 684-5116 or 416 926-2700

Iain Pollock supervises our commercial mortgage investments for Central and West Coast Canada.

Before joining Desjardins Global Asset Management in 1989, Mr. Pollock held positions of increasing responsibility in Vancouver and Toronto at several major Canadian financial institutions. From 1989 to 1992, he was Assistant Vice-President, Corporate Lending, at the Toronto office. In early 2010, Mr. Pollock was promoted to the position of Regional Vice-President, Mortgage Investments for the West Coast and Central Canada regions.

Iain Pollock has a bachelor's degree in Commerce from the University of British Columbia (UBC).

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