Montrose

Let’s talk about Montrose, British Columbia—a small village with a big personality, tucked away in the Kootenay region. With just over 1,000 residents, it’s the kind of place where everyone knows your name, and the pace of life feels like a deliberate exhale. But don’t let its size fool you; Montrose has a unique charm and some intriguing real estate angles that make it worth a closer look for both borrowers and mortgage brokers.

First off, what sets Montrose apart? It’s not just another quiet town in BC’s interior. Nestled near the larger hub of Trail, it offers a slice of rural serenity with easy access to urban necessities. Think of it as a hidden gem for lifestyle buyers who crave scenic beauty—places like the Antenna Trail offer stunning views and outdoor escapes right on your doorstep. For borrowers, this means potential in properties that appeal to those seeking a quieter life without being completely off the grid. And for brokers, it’s a chance to tap into a niche market where demand for alternative financing can run high, especially since traditional lenders often shy away from smaller locales like this.

From a real estate perspective, Montrose is almost entirely single-detached homes—over 97% of dwellings fall into this category. That’s a big deal if you’re looking at equity lending or debt consolidation deals. These properties often hold steady value for homeowners who’ve built up equity over time, even if their income or credit doesn’t check all the boxes for a bank loan. At Tekamar Mortgage Fund, we see this as an opportunity. With our maximum loan-to-value (LTV) of 55% in Montrose, we’re cautious but open to deals where the numbers make sense. We’re not here to take big risks—our focus is on safe exits, ensuring we can recover funds if things go sideways. For brokers, that means bringing us deals with solid equity and a clear refinance path down the line.

Another thing to note: Montrose’s economy leans heavily on nearby Trail, with manufacturing leading the charge. That’s a double-edged sword. It keeps unemployment low, which is great for borrowers proving stability, but a hiccup in the regional economy could sting. As a lender, we factor this into our risk assessment, preferring deals where the borrower’s financial picture isn’t tied to a single industry. Brokers, if you’ve got a client in Montrose with diverse income sources, let’s chat—we’re all ears.

What else makes Montrose tick? Its climate is a sleeper hit. With a long growing season and warming trends, it’s a draw for folks who dream of gardens or small-scale agriculture. That’s not just a lifestyle perk; it can nudge property values for the right buyer. For borrowers, it’s a selling point if you’re looking to refinance or consolidate debt against your home. And brokers, it’s a detail to highlight when pitching a deal to us or other alternative lenders.

Here at Tekamar, we live by our tagline: “We’ll lend where other MICs won’t.” Montrose fits that ethos perfectly. Unlike many BC Mortgage Investment Corporations fixated on Vancouver or the Fraser Valley, we thrive in smaller communities and bigger towns alike—just not the Lower Mainland. Whether you’re a borrower needing a non-income qualifying loan or a broker with a unique deal, we’re ready to explore options in places like Montrose. Got a file with solid equity and a clear exit strategy? Give us a call. We’ve been at this for over 20 years, and we’re picky in the best way—protecting our friends-and-family investors while helping you get the funding you need. Let’s make it work.