Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Builders Capital Mortgage ( (TSE:BCF) ) is now available.
Builders Capital Mortgage Corp. has completed the third tranche of its previously announced participating bond offering, raising $2.75 million in gross proceeds from three investors as part of a broader plan to secure up to $50 million. The funds will be deployed into its core business of funding or acquiring short-term residential construction mortgages in Alberta and British Columbia, with the Bonds structured to participate on an equal basis with existing shares in terms of returns and risk, thereby avoiding added leverage for current shareholders and reinforcing the company’s growth capacity in its niche construction-lending market.
The most recent analyst rating on (TSE:BCF) stock is a Buy with a C$10.59 price target. To see the full list of analyst forecasts on Builders Capital Mortgage stock, see the TSE:BCF Stock Forecast page.
More about Builders Capital Mortgage
Builders Capital Mortgage Corp. is a Calgary-based mortgage lender specializing in short-term, course-of-construction financing for builders of residential, wood-frame properties in Western Canada, primarily Alberta and British Columbia. Operating as a mortgage investment corporation under the Income Tax Act since 2013, its strategy is to generate attractive risk-adjusted returns and provide stable, tax-efficient distributions to shareholders while focusing on capital preservation.
Average Trading Volume: 1,564
Technical Sentiment Signal: Buy
Current Market Cap: C$30.42M
For detailed information about BCF stock, go to TipRanks’ Stock Analysis page.