TSXV:BCF - Post Discussion
Post by
sdhaka on Sep 17, 2024 5:42pm
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.
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