Sterling Global Financial has renamed its flagship mortgage income fund. The New Providence Income Fund (NPIF) is now the Sterling Mortgage Income Fund (SMIF), reflecting its expanded portfolio, reach of investments, operations and growth. The fund, singularly dedicated to real estate investment and property development financing, earned 13.8 per cent return on investment in 2015 and in the four years since its inception has reported average earnings above 12 per cent. A separate fund under Sterling’s umbrella, the Sterling Global Opportunity Fund, operates as a closed end equity real estate investment fund.
Chairman David Kosoy, says *”In 2006, we began with a single office on East Bay Street and a small, but very strong team, including directors here and abroad who brought decades of invaluable experience in investment services. Since then, our master fund, now Sterling Mortgage Income Fund, managed by our Nassau office has enjoyed steady growth.”*
[Sterling Global Financial](http://www.sterlinggloballtd.com/) is a Bahamas-based real-estate based financial services wealth management firm with more than $9 billion under administration.