Chase

Let’s talk about Chase, British Columbia—a small town with a big personality, tucked along the shores of Little Shuswap Lake. If you’re a mortgage broker scouting for unique lending opportunities or a borrower looking for a place to call home with some alternative financing help, Chase might just catch your eye. And at Tekamar Mortgage Fund, we’re all about shining a light on towns like this, where other lenders might not venture. With our tagline, “We’ll lend where other MICs won’t,” we’re here to make deals happen in places that deserve a closer look.

What makes Chase stand out in the crowded landscape of BC communities? For starters, it’s got a lifestyle appeal that punches way above its weight. Nestled in the Shuswap region, this town is a haven for retirees and outdoor enthusiasts alike, with easy access to boating on Shuswap Lake, world-class golfing, and trails for hiking or mountain biking. I’ve heard locals rave about spots like the Chase Creek Falls—a hidden gem for a quiet afternoon. That kind of vibe isn’t just nice to have; it’s a solid selling point for resale value, something we always consider when assessing a property’s lending potential at Tekamar. For brokers, this means a property in Chase could have a steady demand, especially for those 55+ buyers looking to downsize into a single-detached home, which dominates the housing stock here. And for borrowers, that same appeal might mean your dream home holds its value even in a smaller market.

From a lending perspective, Chase is intriguing but not without its quirks. We’re comfortable offering a maximum loan-to-value (LTV) of 55% here, which reflects our cautious but open approach. Why the cap? Smaller markets can take longer to liquidate in a worst-case scenario, and with a median household income on the lower side, economic hiccups could sting. But here’s the insider scoop: we’re equity lenders at heart. If you’re a borrower who doesn’t quite tick the income or credit boxes for a traditional bank, we’re looking at the property’s value and a clear exit strategy—think a future refinance to pay us out. Brokers, if you’ve got a client with a solid down payment and a property in Chase, give us a call to chat about the deal.

Another thing to chew on is Chase’s evolving climate. It’s not just small-town charm; the area’s warming trend means a longer growing season, which could attract folks wanting hobby farms or just more greenery. That’s a subtle but real boost to property desirability. For borrowers eyeing a unique lot—maybe even bare land—we’re game to consider it, as long as the numbers stack up. And brokers, those “odd” properties that don’t fit the cookie-cutter mold? Bring ‘em to us; we specialize in thinking outside the box.

Chase isn’t without challenges. Its economic base leans on retail, construction, and a bit of tourism, but forestry’s historical shadow looms large. If that industry wobbles, the town feels it. Yet, diversity in local jobs gives us some confidence at Tekamar. We’re not here to gamble with our friends-and-family-sourced funds, but we see potential in Chase for the right deals. So, whether you’re a borrower dreaming of lake views or a broker with a tricky file, let’s talk. Chase might be small, but its opportunities aren’t—especially with a lender like us in your corner.