Builders Capital Mortgage (TSE:BCF) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Builders Capital Mortgage Corp. has successfully closed the initial tranche of a bond offering to raise funds for its mortgage lending business, focusing on short-term residential construction mortgages in Alberta and British Columbia. A total of $7.25 million was raised in this first tranche from two placees, with one being a corporate insider. The company operates as a Mortgage Investment Corporation, distributing all taxable income to shareholders and providing them with stable, consistent returns.
For further insights into TSE:BCF stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money