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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

Narrow bank financial model

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de3c4285 · Woodfine Capital Projects Inc. ·

content(financial-model): reclassify 3 articles to bcsc_class forward-looking, add mandatory 'What this is not' sections

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@@ -10,7 +10,7 @@ quality: complete
short_description: "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."
status: stable
audience: public
bcsc_class: current-fact
bcsc_class: forward-looking
last_edited: 2026-09-06
editor: pointsav-engineering
language_protocol: PROSE-TOPIC
@@ -64,6 +64,10 @@ The Narrow Bank Financial Model has several structural consequences that disting

**Capital call prohibition.** The ring-fencing of all debt to the underlying physical assets means that losses on any individual debenture — including in a foreclosure scenario — cannot produce a capital call on investors in the investment vehicle. Investors' exposure is limited to the equity they have contributed; they cannot be required to contribute additional capital to cover debt obligations.

## What this is not

No First Secured Mortgage Debenture has been issued. The debt phase, the coverage covenant that gates it, the 10% distributable-income retention, and the deleveraging path are the model's intended design, not an operating record. Only the Canada vehicle, Professional Centres Canada LP, is established, and its units are subject to an active British Columbia Securities Commission cease-trade order; the United States, Spain, and Mexico vehicles are planned. No completed portfolio yet exists against which the equity phase or the leverage ceiling has been tested. This article describes the financing discipline the Direct-Hold Solutions are designed to follow — not debt currently outstanding, and not an offer of securities.

## See also

- [[debt-service-and-financing-structure]] — general commercial-mortgage conventions and the coverage covenant they are tested against
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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