Builders Capital Mortgage Fund (BCF)

Overview

Builders Capital Mortgage Fund is a specialized mortgage investment fund dedicated to providing short-term construction financing primarily for residential projects. The fund focuses on lending that is secured by real property, particularly emphasizing course-of-construction mortgages. This type of lending is critical for builders engaged in the development of wood-frame homes and similar residential properties. By structuring itself to offer exposure to a diverse pool of mortgage assets instead of direct property ownership, Builders Capital Mortgage Fund differentiates itself within the mortgage finance market.

The fund plays a crucial role in supporting builders by offering financing solutions that cater to various needs such as land acquisition, construction progress, and project completion. Primarily operating in Western Canada, Builders Capital Mortgage Fund aims to provide reliable and project-based funding essential for the success of residential construction initiatives. Its commitment to financing residential construction projects enables it to contribute significantly to a segment of the real estate market that relies heavily on dependable credit facilities.

Products and Services

• Course-of-Construction Mortgages

  This product offers financing to builders specifically for the duration of the construction period. It is designed to help cover costs related to constructing residential properties, ensuring that builders have the necessary capital to maintain steady progress and complete their projects on time.

• Land Acquisition Financing

  Builders Capital Mortgage Fund provides financial solutions for the acquisition of land for residential development. This financing option supports builders in securing the necessary land before the construction phase begins, allowing them to take the first step in their project without delay.

• Project Completion Funding

  This service aims to assist builders in covering final costs associated with project completion. By offering funding at this critical stage, the fund helps ensure that builders can finish their projects and deliver homes to the market promptly.

• Construction Progress Advances

  Advances are provided throughout the construction process based on milestones achieved. This feature allows builders to receive funds as they meet specific construction benchmarks, thereby facilitating cash flow and enabling continuous work on their projects.