Builders Capital Mortgage Corp. (TSXV:BCF)


Builders Capital Mortgage Corp. is a financial service firm that operates in the banking industry. The firm is focused on providing short-term finance solutions to the construction sector, primarily for residential construction and wood–frame building projects sitting in key urban markets of western Canada.

Builder Capital Mortgage Corp is a public company listed on the Toronto Venture Stock Exchange, where its common shares are traded under the stock quote BCF. The company was formed in March 2013 according to the provincial laws of Alberta. The Calgary-headquartered lender is engaged in the acquisition, origination and maintenance of construction mortgages of development phase residential real estate projects.

The company targets a total loan value of not more than 75 per cent. Builders Capital Mortgage lends money for land acquisition and pre-construction services against heightening equity as the projects get built.

The company is a flow-through mortgage investment fund that is tax efficient. In addition, it is eligible for TFSA, RESP, RRIF and RRSP accounts. To be more specific, the company targets an eight per cent annual rate of distribution, which is paid every quarter. In addition, through its dividend reinvestment plan (DRIP), the company allows qualified shareholders to reinvest cash dividends to acquire additional shares at possibly lower rates without any brokerage, service charges, or commission.

All portfolio investments undergo an extensive underwriting review and all other necessary procedures required for underlying assets, including re-costing and assessment to value each project. The company aligns to its Asset Allocation Model and accordingly mortgages the construction projects, which clarify the selection criteria based on the following:

• Economic sector

• Geographical factors

• Terms

• Borrower and loan-to-value

Builders Capital Mortgage aims to earn quality returns to maintain stabilized dividend payouts/ or growth to its shareholders by focusing on capital preservation and matching the criteria mandated for mortgage investment firms.

Contact Information

company address 260-1414 8th Street SW Calgary, Alberta T2R 1J6

company phone(403) 685-9888

company email[email protected]

company website

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