# B-Lending for the Rest of BC — Tekamar for Brokers

Tekamar Mortgage Fund is a BC-based Mortgage Investment Corporation (MIC) lending across all of British Columbia outside Vancouver and the Fraser Valley. We specialize in rural and small-town equity lending with a 1-day turnaround target and a 100bps broker fee paid directly. We're a MIC lender for your clients that live more than an hour's drive from a Costco.

## Lending parameters at a glance

| Parameter | Value |
|---|---|
| Where do you lend? | Everywhere in BC except Vancouver and the Fraser Valley. |
| How much? | Up to $1.2M in 1st or 2nd position (no thirds, inter alia OK). |
| What types? | Purchases, bridge financing (we love bridge deals!), construction, refinances, consolidation, or bare land. See all [mortgage products](/mortgage_products.md). |
| Max LTV? | Depends on region — see our [map](/communities.md). Normally we target 65% LTV. |
| How do you pay? | You set your fee, we collect it. Standard is 100bps, but you decide what to charge, including flat minimums on smaller loans. Paid on funding directly from the advance. |
| Terms & rates? | 1-year terms. Fixed rates only. See our [current rates](/interest_rates). |
| Amortization? | 30-year (35 on request). Interest-only in 2nd position or when LTV is under 60%. |
| Prepayment? | Closed (remaining interest owed), open after 3 months (min 3 months interest), or fully open (pay anytime). |
| Setup costs? | Borrower pays appraisal, legal, and title insurance separately. Legal/title can be capitalized if under commitment LTV. |

## Working with us

We're a small-town mortgage investment corp that specializes in working on deals other MICs won't. As long as your deal is for property located in [our lending area](/communities.md) and the deal makes sense, we'll consider it.

What's a deal that makes sense? Something with a clear exit path and an LTV that matches the risk of the property, location, and borrower. If your clients have enough equity to cover the worst-case scenario and you've got an exit strategy for the deal, awesome — let's see if we can make something work.

If you've ever brokered a deal with another MIC, you'll find a lot of similarities in how we operate. If this is your first B deal, here are a couple of benefits of working with a Mortgage Investment Corporation:

- We underwrite based on common sense
- We can turn around deals quickly
- We'll work with you to make the deal work

Tekamar is no different. The only thing that separates us from most MICs is that we tend to lend in places with higher DOMs (days on market) than most. Which just means you've found a lender that will consider your commercial, float-plane-access-only deal in the Kootenays where other MICs might not.

## How we're different from banks

One of the biggest benefits of working with a mortgage investment corporation is the source of our funds. While we are very regulated (just ask our auditors), because we are not borrowing federal money, we are provincially regulated — like credit unions — on what we can lend on. Our lending policies are instead set by the level of risk versus the expected return on investment of our investors/shareholders. Because our funds are not federally derived, instead of having to fit your client into a checkbox of OSFI lending guidelines, we're able to look at it through a "does this deal make sense to our investors" lens.

Faster turnaround, unique situations, more flexibility on equity versus income, and the ability to work with your borrowers that just don't fit in the banks' boxes. Sometimes it just makes sense to go with a MIC.

## Our available products

We offer a range of products — purchases, bridge financing, construction, refinances, consolidation, and bare land. For detailed lending guidelines on each, view all our [mortgage products](/mortgage_products.md).

## Our rates

We price based on risk, not Vancouver MIC standards. Our best available rate starts at 7.75% and adjusts based on your deal's strength. Rural lending requires different pricing, and we're transparent about it. See our [current rates](/interest_rates) or learn more about [understanding our pricing](/understanding_rates.md).


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*Plain-markdown copy for LLM/agent use. Canonical page: https://www.bridgefort.ca/brokers*
- [Current rates](/interest_rates.md)
- [Mortgage products](/mortgage_products.md)
- [Where we lend](/communities.md)
- [Site index for LLMs](/llms.md)
- [Understanding our rates](/understanding_rates.md)