Leeward Capital Partners is a U.S.-based private credit manager offering accredited investors efficient exposure to a high-yield segment of the Canadian residential mortgage market — historically out of reach for U.S. capital.
Targets only; not a guarantee of future results. Complete terms are set out in the confidential offering memorandum.
A cross-border platform purpose-built to capture the yield premium of Canada's underserved private mortgage segment without the friction that has historically blocked U.S. investors.
Short-duration 1st and 2nd lien residential mortgages in Canada's growing primary markets — sourced and underwritten with institutional discipline.
Capital markets, fund operations, and credit underwriting experience drawn from institutional asset management, banking, and direct lending.
Post-GFC bank tightening has expanded the Canadian private mortgage segment from 5% to over 13% of Ontario originations — at attractive risk-adjusted yields.
Sub-80% CLTV cap, short duration, recourse loans, direct servicing, third-party administration, and an experienced credit committee.
Canadian private mortgages have compounded for years at attractive yields, but U.S. capital has been effectively shut out — blocked by withholding friction, filing complexity, and the absence of an institutional vehicle. Leeward delivers direct access to a market that has historically been reserved for Canadian lenders.
Targeted at the smaller end of the Canadian private mortgage market, where competition is less sophisticated and pricing is more attractive than at the institutional scale.
An institutional credit, servicing, and reporting process applied to a market traditionally served by retail-funded mortgage investment corporations and informal capital.
Through Panacea Capital Partners — Leeward's Canadian origination partner — the platform draws on a network that has funded 500+ private mortgages over the past decade.
Canadian mortgages are full-recourse. Canadian banks operate under a tighter regulatory perimeter than U.S. peers. Default rates have historically run far below the U.S. — 90-day arrears stayed below 1% even through the Global Financial Crisis.
The result: a private mortgage market where disciplined lenders earn yields 3–4 percentage points above comparable U.S. mortgages, with stronger lender protections and a more predictable workout process.
See the Market Case