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Builders Capital Mortgage Corp V.BCF

Builders Capital Mortgage Corp. is a Canada-based mortgage lender. The Company provides short-term, course of construction financing to builders of residential, wood-frame construction projects in Western Canada and Nova Scotia. The principal business of the Company is to acquire, originate and maintain a portfolio consisting primarily of construction mortgages that are secured by development stage residential real property. The Company’s mortgage portfolio and operations are managed by Builders Capital Management Corp.


TSXV:BCF - Post by User

Post by sdhakaon Sep 17, 2024 5:42pm
42 Views
Post# 36227978

Builders Capital Mortgage Corp.'s upcoming bond offering

Builders Capital Mortgage Corp.'s upcoming bond offering
What are your thoughts on Builders Capital Mortgage Corp.'s upcoming bond offering and its impact on future growth? Management is set to close the first tranche of a $50M bond financing in early October, with $7M being acquired by a private company owned by the CEO. This move shows strong management commitment and a positive near-term outlook. FRC analysts believe this financing aligns with BCF's strong mortgage pipeline. In Q2-2024, the company achieved its highest-ever Q2 revenue, and record revenue is expected for 2024.
 
Read more of FRC analysts' commentary on the mining, crypto, and AI sectors, where they share insights into the latest developments and market trends. Stay updated with news across these sectors: https://www.researchfrc.com/content/analyst-ideas/post/142/gold-hits-new-high-central-banks-in-the-spotlight-bitcoin-outlook-turns-bullish
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