Funds Investment vehicles with a competitive track record.
Sterling Mortgage Income Fund
Sterling Mortgage Income Fund Ltd (SMIF; formerly New Providence Income Fund) is an open-ended real estate income fund registered in the Cayman Islands. SMIF is focused on real estate lending opportunities in North America, the English-speaking Caribbean and parts of Europe, and is a boutique, service-oriented lender with strong relationships with developers, mortgage brokers and loan participation partners and has strong, deep relationships with lending partners.
Strong. Flexible and Reliable Lending Partners.
SMIF has provided financing for large hotel renovations, condominium developments, multi-use complex construction projects and land acquisition for urban redevelopment. It has won numerous awards and earned prestigious industry-wide recognition.
Investment Manager Historical Performance
Predecessor Fund Performance
|New Providence Financial Management Partners (NPCMP)||2006||$25 Million||All capital deployed and majority of capital returned to investors.|
|New Providence Financial Management Partners II (NPCMP II)||2009||$31 Million||Later stages of investing committed capital with fund life running through 2015 and presently winding down.|
|SMIF||--||--||--||--||---||19.27%||13.28%||14.58%||13.80%||12.20% (YTD)||2.67% ** (YTD)|
Our real estate lending covers the following types of investment:
Focusing on multiple exit strategies, borrowers with strong track records and disciplined leverage levels, the fund offers Investors a strategy that delivers consistent returns with enhanced protection of investment principal.