Lantzville

Let’s talk about Lantzville, British Columbia—a small coastal gem tucked just north of Nanaimo on Vancouver Island. If you’re picturing a sleepy little spot with more seagulls than stoplights, you’re not far off, but there’s a lot more to this place than meets the eye. At Tekamar Mortgage Fund, we’re intrigued by communities like Lantzville because they’re often overlooked by bigger lenders. With our tagline, “We’ll lend where other MICs won’t,” we’re here to help both borrowers and brokers navigate the unique opportunities in towns like this.

What makes Lantzville stand out in the mortgage and real estate game? For starters, it’s got a vibe that screams lifestyle over hustle. Think scenic waterfront views, quiet rural charm, and places like Superior Farm where families can pick pumpkins or pet a goat. That kind of appeal draws retirees and out-of-province buyers looking for a slower pace, which can mean steady demand for the right properties. But here’s the flip side: with a median household income around $99,000 and a heavy reliance on industries like health care and construction, local wealth isn’t exactly overflowing. For borrowers, this might mean traditional banks get twitchy about income qualification. For brokers, it’s a chance to bring us a deal where equity is the star of the show—we’re all about lending based on solid loan-to-value ratios, not just pay stubs.

Speaking of lending, let’s get practical. At Tekamar, our maximum loan-to-value (LTV) in Lantzville is 55%. That’s not a typo—we keep it conservative in smaller markets to ensure a safe exit strategy if things go sideways. Whether it’s a foreclosure or an unexpected event, we calculate how long it might take to recover funds, factoring in interest accrual and local market dynamics. So, if you’re a borrower with a unique property or a less-than-perfect credit score, we’re open to equity-based lending with a clear refinance path. And brokers, if you’ve got a client who’s been turned down elsewhere, give us a quick call to see if Lantzville fits our sweet spot.

Another thing to chew on: Lantzville’s housing stock is almost entirely single-detached homes—over 94% of dwellings. That’s a big deal in a province where condos and row houses often dominate. It means less inventory for multi-family or commercial deals (which, by the way, we don’t touch), but a solid base for first and second mortgages on family homes. I’ve seen deals in smaller BC towns where a unique property—like a fixer-upper with ocean glimpses—can be a goldmine for the right buyer, even if the appraisal takes some convincing. For borrowers, that’s an opportunity to build equity in a market that’s not oversaturated. Brokers, it’s your cue to scout those oddball properties we’re happy to consider.

Lantzville isn’t just another pin on the BC map—it’s a place where lifestyle and opportunity intersect, often under the radar of big-city lenders. We’ve been at this for over 20 years at Tekamar, and we’re picky about protecting our friends-and-family investors’ capital while still saying “yes” to deals others won’t. So, whether you’re a borrower needing a creative solution or a broker looking to place a deal outside the Vancouver bubble, let’s chat about Lantzville. It might just be the fit you’ve been searching for.