Tim Hortons Not Required
Most Mortgage Investment Corporations - or MICs - use expected property value increases and short days-on-market to do their risk underwriting.
We don't. We're a bit different like that.
Since we started lending in the interior back in '79, small towns and rural properties has been all we've focused on. For the most part, it still it - we lend on what we know. Today, Bridgefort Capital will consider lending on any properties in British Columbia - outside of Vancouver, the Fraser Valley and Haida Gwaii. Why not Vancouver? There's already plenty of great MICs that understand those markets better than us.
So if you've got a construction mortgage in the Kootney's (our specialty), a non-qualifying rental refinance near Prince George, or a boat-access-only purchase on the island, send it our way - if it makes sense, we'll consider it.