Enderby

Let’s talk about Enderby, British Columbia—a small town with a big personality, tucked away in the North Okanagan. It’s not the kind of place that screams “real estate hotspot” at first glance, but dig a little deeper, and you’ll see why it’s a hidden gem for both mortgage brokers hunting for unique lending opportunities and borrowers looking for a slice of quiet, scenic living. At Tekamar Mortgage Fund, we’re all about lending where others won’t, and Enderby fits our niche perfectly with its charm and potential.

What makes Enderby stand out? For starters, it’s got the Shuswap River running right through it, offering a laid-back vibe with activities like river floating and fishing that draw retirees and seasonal buyers. Add to that quirky local spots like the Starlight Drive-In—one of the few remaining drive-in theaters in BC—and you’ve got a town that’s more than just a postcard. From a real estate perspective, this translates to a steady demand for properties, especially single-detached homes which make up about 60% of the housing stock. For borrowers dreaming of a peaceful home base, this is your kind of place. And for brokers, it’s a market with consistent resale potential, even if it’s not a booming urban center.

Now, let’s get practical. At Tekamar, we’re happy to lend in Enderby with a maximum loan-to-value (LTV) of 60%. That’s not a hard-and-fast number for every deal—we adjust based on the specifics, like whether it’s bare land or a second mortgage. But it reflects our cautious yet flexible approach. We’re not here to take wild risks (our friends-and-family investors wouldn’t appreciate that), but we do see the value in smaller towns like this. Our focus is equity lending, especially for folks who might not qualify under strict bank rules due to income or credit hiccups. If you’re a borrower with a solid property but a less-than-perfect financial picture, we’re interested—provided there’s a clear exit strategy, like a future refinance. Brokers, if you’ve got a client in this boat, give us a call to see if the deal fits.

Here’s a little insider tip: Enderby’s appeal to older demographics—over 30% of residents are 65 or older—means properties here often cater to downsizers or retirees. That can be a goldmine for low-turnover, stable investments, but it also means you’ve got to factor in longer holding periods if things go south. We always calculate our “worst-case” timeline for recovery, whether it’s foreclosure or other challenges, ensuring interest accumulation doesn’t eat up the equity. It’s why our LTV caps are non-negotiable.

Another thing to love about Enderby is its mild climate, which has been getting even friendlier over the years. It’s great for gardening or just enjoying the outdoors, and that lifestyle pull keeps property values from tanking, even in slower markets. Whether you’re a broker looking to place a deal outside the usual Vancouver or Kelowna hotspots, or a borrower eyeing a quaint spot near the river, Enderby’s got something to offer.

At Tekamar, our tagline is “We’ll lend where other MICs won’t.” Enderby is exactly the kind of place we mean. It’s not flashy, but it’s got heart—and more importantly, it’s got potential. So, if you’ve got a deal or a dream in this little town, let’s chat. We’re all ears.