Builders Capital Mortgage (TSE:BCF) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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.
