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Builders Capital Mortgage ( (TSE:BCF) ) has issued an update.
Builders Capital Mortgage Corp. has updated its guidance on the anticipated third closing of its participating bond offering, reporting that additional subscriptions from new investors have increased the expected gross proceeds of the third tranche to $2.75 million. The company now expects this third tranche to close on or about January 2, 2026, with all other terms of the bonds unchanged from those previously announced, and intends to use the net proceeds to support its ongoing mortgage lending operations; management also notes that there are no undisclosed material changes affecting the company.
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., listed on the TSX Venture Exchange under the symbol BCF, operates in the mortgage lending industry, focusing on providing financing solutions through its ongoing mortgage lending business. The company raises capital via participating bond offerings to support and expand its lending activities within the Canadian real estate and construction financing market.
Average Trading Volume: 1,743
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$29.94M
Learn more about BCF stock on TipRanks’ Stock Analysis page.