A mortgage to help cover the costs of a subdivision. Usually a land advance to cover the first phase of development costs (hard costs) as well as the soft costs. Historically, Tekamar did many subdivisions across rural BC. Unfortunately, with the higher risk, we have since canceled our subdivision program and no longer do subdivision/development mortgages.
0% - We are not lending on Subdivisions or Developments
Restricted across BC.
| Community Name | Max LTV | Special Terms |
|---|---|---|
| Salmon Arm | 70.0% | Standard product terms |