Neighbourhood Holdings Lp

What Neighbourhood Holdings Lp does

Neighbourhood Holdings Lp is a Vancouver-based private Canadian alternative residential mortgage lender and fund manager founded in 2015, operating across six provinces (British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and Nova Scotia). The company originates short-term residential mortgage products — Classic 1-Year, ALT-A 2-Year, Second Mortgages, and Bridge Financing — for borrowers who cannot qualify at chartered banks, including self-employed individuals, immigrants, young families, and clients in transitional circumstances such as divorce or property bridging. All lending flows through licensed mortgage brokers, with deal submissions accepted via Filogix, Velocity, Finmo, and BOSS and an aggressive service promise of 8-hour review and 24-hour approval on average.

The company operates a dual-sided business model in which mortgage origination on the borrower side funds two investment vehicles on the investor side: Neighbourhood Holdings Income Trust I (NHIT), a leveraged income trust holding $483.8M AUM (31 March 2026) in variable-rate residential mortgages; and Fisgard Capital Corporation (FCC), a mortgage investment corporation with $309.7M AUM in diversified residential first-position, second-position, commercial, and construction mortgages, distributed in part through the captive exempt market dealer Fisgard Capital Management. Revenue is generated from three streams: net interest spreads on the loan book, lender and broker fees on originations (e.g., 1% lender fee on the Open-term Classic program, 75bps broker fee on ALT-A), and 1%-class embedded trailer fees plus tiered fees on fund units, with optional monthly Distribution Reinvestment Plans for investors. Wholesale funding is supported by a $200M syndicated credit facility led by ATB Financial with a $50M expansion, drawing on a syndicate of five institutional lenders.

The operating technology stack is conventional rather than proprietary: Salesforce CRM (with a dedicated administrator) underpins broker-relationship management and pipeline tracking, broker deals are processed through the four major industry platforms, and '3rd party AI services' support client-data processing — but no proprietary AI, models, or patents are disclosed. The firm is privately held by management and the Conconi family office (Conconi Growth Partners), led by CEO Taylor Little (also a Conconi partner), with a leadership team spanning CFO Caroline Kenning, COO Jared Stanley (2015 CAAMP Underwriter of the Year), CCO Martha Kane, and specialist VPs in data/engineering and operations/IT. The October 2025 acquisition of Fisgard Asset Management established Neighbourhood as one of Canada's largest non-bank alternative lenders with ~$800M in combined AUM.

Name

Neighbourhood Holdings Lp

Legal name

Neighbourhood Holding Company Ltd.

Website

https://www.neighbourhood.com

Company type

Private

Founded year

2015

Operating status

Operating

Short description

Vancouver-based alternative residential mortgage lender and fund manager operating across six Canadian provinces. It originates short-term mortgages through licensed brokers for non-bankable borrowers and manages two mortgage investment funds (NHIT and FCC) with combined AUM of approximately $800M.

Ownership category

akta.pro rank

Product category

Alternative Mortgage Lending

NAICS

Real Estate Credit (522292), Portfolio Management and Investment Advice (523940)

SIC

Mortgage Bankers & Loan Correspondents (6162), Investors, Nec (6799)

akta.pro primary industry

Real Estate Funds — Core (Stabilized, Income) (FSANAEAF)

akta.pro secondary industries

Closed-End Home Equity Loans (Second Mortgages) (FSALAGAA), Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Alternative mortgage lending
• Residential mortgage loans
• Private mortgage lending
• Mortgage investment funds
• Mortgage broker services

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Mortgage Interest Income: Earns interest income from providing mortgage loans to borrowers across Canada. Portfolio of primarily variable-rate residential mortgages diversified across BC, AB, SK, ON, QC, and NS.
2. Lender Fees: Charges lender fees on mortgage products. Classic 1-Year Open Term: 1% lender fee. No lender fee for Closed/Partially Open terms. ALT-A 2-Year: No lender fee.
3. Broker Fees: Fixed 75bps broker fee on ALT-A 2-Year Program. Broker sets own fee on Classic 1-Year Program.
4. Management Fees: NHIT Series A units include 1% embedded trailer fee. Series I units vary by ten levels of embedded trailer fees. FCC Class B includes 1% embedded trailer fee.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Neighbourhood Holdings is a Canadian alternative mortgage lender that funds residential mortgages through a network of licensed mortgage brokers across British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and Nova Scotia. The company originates short-term, flexible mortgage products (Classic 1-Year, ALT-A 2-Year, Second Mortgages, Bridge Financing) for borrowers who cannot qualify with traditional banks, including self-employed individuals and those in transitional life events. It also manages two mortgage investment entities — Neighbourhood Holdings Income Trust I (NHIT) and Fisgard Capital Corporation (FCC) — that pool investor capital to fund the lending portfolio and pay out monthly income distributions.

Product overview

Neighbourhood Holdings is an alternative mortgage lender operating across Canada, offering a portfolio of mortgage products including the Classic 1-Year Program, ALT-A 2-Year Program, Second Mortgages, and Bridge Financing. These products serve borrowers who cannot access traditional bank financing, including self-employed individuals, people experiencing life events, and those bridging gaps between real estate transactions. The company also manages two investment products: Neighbourhood Holdings Income Trust I (NHIT), a leveraged income trust focused on variable-rate residential mortgages, and Fisgard Capital Corporation (FCC), a mortgage investment corporation with a diversified portfolio including residential, commercial, and construction mortgages. For broker partners, Neighbourhood provides a Broker Toolkit with calculators and templates to support mortgage professionals.

Differentiator

Problem solved

Functional benefit

Brands

• Neighbourhood Holdings Income Trust I (NHIT): Mortgage investment entity structured as an income trust, investing in diversified portfolio of primarily variable-rate residential mortgages in urban and suburban areas across Canada. 100% residential focus with leverage strategy.
• Fisgard Capital Corporation (FCC)

Products and services

• Classic 1-Year Program A first-position residential mortgage with a one-year term offered in Open, Closed, and Partially Open variants. Maximum LTV of 75% and minimum Beacon score of 500; carries a 1% lender fee for Open Term and no lender fee for Closed/Partially Open terms. Targeted at borrowers who cannot access traditional bank financing.
• ALT-A 2-Year Program A two-year closed-term Alt-A mortgage with no lender fee and a fixed 75bps broker fee. Maximum LTV of 75% and minimum Beacon score of 500. Suited to borrowers with slightly stronger qualification profiles seeking a longer fixed commitment.
• Second Mortgage Second-position residential mortgage financing available in 1-Year Open, Closed, or Partially Open terms. Loan amounts range from $75,000 to $500,000 with maximum LTV of 65% and minimum Beacon score of 500; available in BC, AB, and ON. The first mortgage balance must not exceed $1M.
• Bridge Financing Short-term bridge loans that help clients purchase a new property before their current one sells. Maximum LTV of 65% and minimum Beacon score of 500, with fast approvals designed for the pace of the current real estate market.
• Neighbourhood Holdings Income Trust I (NHIT) A leveraged income trust investing in a diversified portfolio of primarily variable-rate residential mortgages in urban and suburban areas across Canada. Offers Series A units with a 1% embedded trailer fee, Series I units with ten levels of embedded trailer fees, and a Distribution Reinvestment Plan (DRIP). Reported $483.8M AUM as of March 31, 2026 and a 12-month Series F return of 7.59%.
• Fisgard Capital Corporation (FCC) A mortgage investment corporation investing primarily in residential first-position mortgages with diversification into second-position, commercial, and construction mortgages. Class B units carry a 1% embedded trailer fee. Reported $309.7M AUM as of March 31, 2026 and a 12-month Class B return of 7.12%.

Quantifiable outcome

• 8-hour review time on mortgage applications
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Fisgard Asset Management (FAMC)coreStrategic or Co-development Partner · 17 October 2025Neighbourhood Holdings acquired Fisgard Asset Management in October 2025, creating one of Canada's largest alternative mortgage lenders. The acquisition combined two major players in the alternative lending space, expanding Neighbourhood's footprint and capabilities.
• Fisgard Capital Management Ltd. (FCM)coreChannel Partner/ Reseller/ DistributorFCM is a captive exempt market dealer registered in Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan. It solely offers securities of connected issuers and related issuers, distributing FCC shares to investors.
• Filogix (Finastra)majorTechnology or IntegrationTechnology platform for mortgage broker deal submissions. Part of Finastra company providing mortgage origination technology integration.
• VelocitymajorTechnology or IntegrationTechnology platform for mortgage broker deal submissions enabling efficient application processing and submission workflow.
• Finmo (by Lendesk)majorTechnology or IntegrationTechnology platform for mortgage broker deal submissions, part of Lendesk ecosystem for mortgage technology.
• BOSS (Broker Order Submission System)majorTechnology or IntegrationTechnology platform for broker mortgage deal submissions, enabling streamlined application processing.
• Fisgard Capital Corporation (Saskatchewan)minorChannel Partner/ Reseller/ DistributorMortgages in Saskatchewan are offered through Fisgard Capital Corporation, a licensed Financing Corporation, due to regulatory requirements.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Firm Capital Corporation: Toronto-based mortgage investment corporation focused on Canadian residential and commercial real estate lending. Directly comparable as a publicly traded MIC with broker distribution and similar variable-rate residential mortgage focus.
• CMLS Financial: One of Canada's largest non-bank mortgage lenders, originating residential, commercial, and construction mortgages through broker channels. Comparable business model with national footprint and similar focus on alternative lending products.
• Atrium Mortgage Investment Corporation: Canadian MIC primarily investing in first-mortgage loans secured by Canadian real estate. Similar structure to NHIT/FCC with comparable portfolio composition, distribution model, and investor return targets.
• HomeEquity Bank: Canadian Schedule I bank specializing in alternative residential mortgage products, including reverse mortgages and CHIP open mortgages. Competes in the same underserved-borrower segment with broker-driven distribution.
• Pillar Capital Corp: Calgary-based private mortgage investment corporation focused on Western Canadian residential mortgages. Similar MIC structure and regional concentration but with narrower geographic footprint.
• Equitable Bank: Canadian Schedule I bank focused on alternative residential mortgage lending and deposit-based funding. Direct competitor in the same alternative/non-prime residential mortgage category, with overlapping broker distribution across Canada.
• VWR Capital Corp: Vancouver-based private mortgage lender originating primarily residential mortgages in Western Canada. Comparable geography (BC focus), alternative-lender positioning, and broker distribution model.

Emerging players

• Street Capital Financial: Canadian alternative residential mortgage lender (now operating under a parent entity after recapitalization) serving self-employed and non-prime borrowers. Comparable product positioning but limited current scale.
• Magenta Capital Corp: Canadian private mortgage lender providing residential mortgages to borrowers outside traditional bank criteria. Smaller-scale alternative lender with comparable product offering and broker channel distribution.
• BridgeWater Capital: Canadian private mortgage lender offering short-term, alternative residential financing through broker networks. Comparable on product structure (bridge/short-term) but smaller scale than Neighbourhood Holdings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/neighbourhoodholdings
• LinkedInlinkedin.com/company/neighbourhood-holdings
• Instagraminstagram.com/neighbourhoodholdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neighbourhood Holdings Lp