Your Alt lender for small towns and medium-size cities alike. Enough equity and a clear exit? We look for reasons to say yes.
If it makes sense, let's get the money out and lend on it. We're not a bank, we're a MIC. These are the deals we do.
Tekamar is a mortgage investment corporation (MIC) founded in 1979 and based in Salmon Arm, BC. We lend on equity mortgages across 126+ communities in areas other MICs and lenders won't go. After more than four decades of lending in the BC Interior, towns with only one traffic light don't scare us.
We look at every deal with two simple questions: "Is there enough equity to cover the risk, and is there an exit strategy so we don't need to worry too much about the first question." If the answer to both is yes, we look for ways to say yes to the deal.
Our favourite files? The ones a national B-side program would fund on the numbers — extended ratios, self-employed borrowers, bruised credit with real equity — but passes on because the home is in Salmon Arm or Cranbrook instead of the city. Or a clean bridge with a solid exit: no income, low LTV, room to capitalize the payments. Deals that make sense and just need a lender who actually works these towns.
Tekamar is my go-to MIC for B deals. They're easy to work with and if a deal makes sense, they do it. Quick turn around and great service make this a no-brainer.
Dealing with Tekamar to borrow money has been easy. The guys there have a pretty no-nonsense approach to making decisions and are flexible in making sure the deal goes through. No extra fees or surprises either, which is great.
Flexible borrowing when it matters.
A lender with a can-do attitude
Rural and BC Interior Lending
No Surprise Fees
A Quick Yes (or no)
Interested in Land
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