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Woodfine Corporate

The corporate record for Woodfine Capital Projects Inc., developer and promoter of direct-hold commercial real estate. Articles explain the company, its investment vehicles, the financial model, governance, and risk, in plain language. Forward-looking statements carry planned, intended, or target language throughout.

Woodfine Capital Projects

Capital Structure and Fees

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279c7306 · Woodfine Capital Projects Inc. ·

Track-B Phase B (financial-model): close the EN-only fee-recipient fix, correct a reversed securities characterisation in Spanish, resolve the capital-call contradiction

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@@ -6,13 +6,14 @@ category: financial-model
type: topic
content_type: topic
quality: complete
short_description: "The financial engine: the Narrow Banking Model, under which buildings are intended to be built with zero construction debt and borrowing comes only after buildings are leased."
short_description: "The financial engine: the Narrow Banking Model, under which buildings are intended to be built with zero construction debt and borrowing comes only after buildings are leased; the fees Woodfine charges and earns; and the forecast and stress-test methodology behind them."
index_type: thematic
index_scope: financial-model
status: active
audience: public
bcsc_class: public-disclosure-safe
language_protocol: PROSE-TOPIC
last_edited: 2026-09-04
last_edited: 2026-09-06
editor: woodfine-editorial
paired_with: _index.es.md
---
@@ -36,8 +37,8 @@ capital. The two articles below cover that phasing and the mortgage-financing st
once debt is in place.

<!-- AUTO-GENERATED MEMBERSHIP: DO NOT EDIT BELOW — regenerate from index_group: financing-discipline -->
- [[narrow-bank-financial-model]] — Two-phase financing discipline of the Direct-Hold Solutions: equity-funded unlevered construction, then First Secured Mortgage Debentures collateralized by the completed buildings.
- [[debt-service-and-financing-structure]] — How commercial mortgage financing is structured within direct-hold limited partnerships: loan-to-value conventions, interest rate risk, and the interaction between debt structure and the ICR borrowing covenant.
- [[narrow-bank-financial-model]] — Two-phase financing discipline planned for the Direct-Hold Solutions: equity-funded unlevered construction, then First Secured Mortgage Debentures collateralized by the completed buildings. Only the Canada vehicle is established.
- [[debt-service-and-financing-structure]] — General commercial-mortgage financing conventions — loan-to-value limits, amortisation, interest-rate and refinancing risk — and how they interact with the ICR borrowing covenant; not the Direct-Hold Solutions' own planned debenture financing.
<!-- END AUTO-GENERATED -->

## Compensation and alignment
@@ -49,7 +50,7 @@ developer's incentive tied to the same outcome as the investor's. The article be
the fee mechanics and the fixed annual overhead contribution paid alongside it.

<!-- AUTO-GENERATED MEMBERSHIP: DO NOT EDIT BELOW — regenerate from index_group: compensation-and-alignment -->
- [[principal-alignment-fee-preservation]] — Compensation model replacing the 2/20 structure: developer profit taken as equity held in trust until investor capital is returned, plus a fixed annual overhead contribution.
- [[principal-alignment-fee-preservation]] — Compensation model planned to replace the 2/20 structure: developer profit taken as equity held in trust until investor capital is returned, plus a fixed annual overhead contribution.
<!-- END AUTO-GENERATED -->

## Valuation and forecasting methodology
Important Information

Important Information

Securities offering. Woodfine Capital Projects Inc. ("Woodfine") sponsors real-property direct-hold solutions. Interests in those solutions are offered only to investors who qualify under an applicable prospectus exemption — including the accredited-investor exemption under National Instrument 45-106 — Prospectus Exemptions, and equivalent exemptions in other applicable jurisdictions. Content on this wiki is provided for general informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any offering is made exclusively by means of the applicable Private Placement Memorandum, which prospective investors should review, together with their own professional advisors, before investing.

Scope. This wiki describes Woodfine's research methodology, geographic data platform, and related activities at a high level and is qualified in its entirety by the applicable Private Placement Memorandum and the governing documents of the relevant issuer.

Risk. Investment in real-property direct-hold solutions involves significant risk, including possible loss of capital. Past performance is not indicative of future results. References to structural features such as advisory fees, transferability, and net asset value methodology describe the contractual terms of the direct-hold solutions and are not representations as to investment outcomes or returns.

Forward-looking statements. Statements that are not historical facts may constitute forward-looking information within the meaning of applicable Canadian securities laws. Such statements are subject to known and unknown risks, uncertainties and assumptions, and actual results may differ materially. Woodfine undertakes no obligation to update such statements except as required by law.

Registration. Registrable activities of Woodfine and its affiliates are conducted, where required, under the applicable registration categories prescribed by the British Columbia Securities Commission and other Canadian securities regulators. Specific registration details are available on request.

Jurisdiction. Woodfine Capital Projects Inc. is organized in British Columbia, Canada. References to the Sovereign Data Foundation on this wiki describe a planned or intended initiative only, not a current equity holder or active governance body.

Trademarks. The full trademark notice appears in the footer of every page on this site.

Content licence. The text of this wiki is licensed under Creative Commons Attribution-NoDerivatives 4.0 International (CC BY-ND 4.0). Readers may quote this content verbatim, with attribution to Woodfine Capital Projects Inc. Readers may not alter, transform, or redistribute a modified version of this content.

Changes to this notice. Woodfine may update this notice from time to time; the version posted on this page governs.

Not a filing system. This wiki is not a securities filing system, an electronic disclosure repository, or a substitute for SEDAR+ or any other regulatory filing system. Formal securities filings are made through the applicable regulatory filing system, not through this wiki.

Full disclaimer. This notice supplements, and does not replace, the full Disclaimers article. In the event of any conflict, the full Disclaimers article governs.

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