Tri City Mortgage Fund Management Team
The principals of the Tri City Mortgage Investment Fund have extensive experience in the real estate development and investment industry. Our team is skilled and knowledgeable in identifying and investing in residential, commercial, and industrial mortgages that provide above-market returns, and together provides excellence in real estate lending and portfolio management for our borrowers and investors.
The managers of the Tri City Mortgage Fund have committed to investing in the Fund in an amount equal to 20% of the gross proceeds received in the offering.
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Michael Goodman, President Mr. Goodman, President, Chief Executive Officer and principal shareholder of the Tri City Group of Companies, has more than 40 years’ experience in the real estate industry. After graduating from UBC in 1972, Mr. Goodman joined the company his father had founded. Mr. Goodman continued to build and manage the Company’s extensive portfolio in B.C. and Alberta. Under his guidance, the Company also expanded into other real estate services, including property management, brokering, and mortgage lending.
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Ayaz Virani, Chief Executive Officer Ayaz Virani manages the Tri City Group of Companies investments and mortgage portfolio. His keen financial analysis ensures that acquisition opportunities are profitable for the investor and the company. Over the past 24 years Ayaz has raised more than $1 billion towards both residential and commercial project financings. In 1986 he co-founded the Home Mortgage Group Ltd. This experience has solidified his reputation within the industry as an expert in all aspects of commercial, construction and residential lending with special focus on private lending. Ayaz received a marketing-management diploma (with honors) from the British Columbia Institute of Technology. |
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Winston Wong, Senior Advisor Mr. Wong has been a Senior Advisor to the Tri City Group for over 10 years, and has been involved with several companies within the group since 2006. He has an extensive background in the Chinese banking industry, having been the Marketing Manager of Standard Chartered Bank for 20 years prior to immigrating to Canada. Before joining the Tri City Group, Mr. Wong invested in and operated businesses in the real estate development, retail, and tourism industries. In 1989 Mr. Wong was requested by a prominent Hong Kong family to come to Vancouver and start Magusta Developments (BC) Ltd. - a major real estate development company - in order to diversify the family’s holdings. Under Mr. Wong’s direction, Magusta built high rises and large single family developments, and has gone on to become a very successful property development company in Canada. Mr. Wong has held board positions with several public companies, including Avcorp Industries Inc., the largest aerospace manufacturer in B.C. and Pyxis Capital Inc. Mr. Wong is a Director of New Business Development for Desjardins Financial Security Independent Network, for which he has been a member agent since 2004. He is also a Director of CUAM Greater China Opportunities Absolute Return Master Fund managed by China Universal Assets Management, a major fund manager in China. He currently sits on board of Richmond Hospital. |
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