Kelowna

Let’s talk about Kelowna, British Columbia—a place that’s got a lot more going for it than just postcard-worthy views of Okanagan Lake. If you’re a mortgage broker scouting for a lender who gets the local vibe, or a borrower looking for alternative financing in a city that’s booming with opportunity, Kelowna is worth a closer look. And at Tekamar Mortgage Fund, we’re excited to be part of the action here with our unique approach to lending.

What sets Kelowna apart in the BC landscape? For starters, it’s a sweet spot of lifestyle and growth. Nestled in the heart of the Okanagan Valley, this city blends small-town charm with big-city potential. It’s a magnet for retirees, young families, and vacation home buyers, thanks to its warm climate—think long growing seasons and mild winters—and year-round recreation. Whether it’s skiing at Big White or sipping at one of the region’s world-class wineries, there’s always something drawing people in. From a real estate perspective, that translates to consistent demand and solid resale value, which is music to the ears of both borrowers building equity and brokers looking for stable deals.

Now, let’s get practical. Kelowna’s housing market is diverse—over 40% single-detached homes, but a healthy mix of apartments and duplexes too. That variety means options for borrowers, whether you’re eyeing a fixer-upper near the lake or a low-maintenance condo downtown. For brokers, it’s a chance to bring us deals across a range of property types. At Tekamar, we’re open to lending in Kelowna with a maximum loan-to-value (LTV) of 70%, though we often target closer to 60% depending on the deal—think construction, bare land, or second mortgages. We’re all about equity lending, especially for folks who don’t quite fit the bank’s rigid income or credit boxes but have a clear exit strategy for refinancing down the road.

Here’s where we stand out: unlike many BC Mortgage Investment Corporations (MICs) glued to Vancouver or the Fraser Valley, Tekamar’s niche is lending where others hesitate. Our tagline, “We’ll lend where other MICs won’t,” isn’t just a catchy phrase—it’s how we roll. Kelowna fits our sweet spot perfectly. We’re not chasing commercial or multi-family files; we focus on residential first and second mortgages, inter alia mortgages, credit repair, and bridge loans. Our priority? Protecting principal for our friends-and-family investors while ensuring a safe exit if things go sideways. That means low LTVs and a sharp eye on how long it’d take to recover funds in a worst-case scenario.

A quick local nod—have you been to the Kelowna Farmers’ and Crafters’ Market on a Saturday? It’s a snapshot of the community’s vibe: vibrant, connected, and full of life. That energy spills into the real estate scene, where tourism, health care, and construction keep the economy humming. For borrowers, that stability can mean confidence in your investment; for brokers, it’s a market where deals aren’t just possible—they’re promising.

So, if you’re a broker with a Kelowna deal that needs a lender who’s flexible yet cautious, give us a call. And if you’re a borrower looking for financing that works with your unique situation, we’re here to chat. Kelowna’s not just a pretty face—it’s a smart bet, and Tekamar’s ready to back it.