Dundarave - British Columbia - Mortgage Investment
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Our Investment Philosophy and Criteria

Our Management Team is a successful group of business people who know how to identify excellent opportunities and who choose to make only prudent risk decisions.  In the highly volatile investment world that currently exists, we see the preservation of capital as the number one priority.  However, given the number one financial problem in the world today is access to capital, Dundarave’s investors are in the best situation possible.  It is a “Lenders’ Market” and only the very best opportunities will be pursued.

Dundarave provides short-term (less than 24 months) 1st and 2nd mortgages to property owners, both commercial and residential, builders, renovators and land developers for a wide range of real estate projects in British Columbia and Alberta.

We are able to provide a complete range of mortgage loans from simple residential 1st mortgages to more specialized loans, such as bridge financing, construction and land development mortgages, equity take-out, inventory, and debt-consolidation mortgages.

We are also able to provide “Special Situation” loans for qualified borrowers who require mortgage money to close purchases quickly, bridge one purchase to another, and get development projects started in a timely manner.

We provide the following types of mortgages:

  • Home Purchase and Refinancing
  • Land Assembly and Development
  • New Construction and Renovation
  • Bridge and Mezzanine Financing
  • Equity & Inventory Financing
  • Participating Mortgages
  • Joint Venture Partnerships
  • Office Financing
  • Commercial Property Financing
  • Industrial Property Financing
  • Retail Property Financing
  • Raw Land Financing
  • Apartment Financing

Our Offering Memorandum and Section 130.1 of the Income Tax Act of Canada restrict the types of loans Dundarave can make.  For example, restrictions include:

  • Mortgages are not to exceed 75% loan-to-value except for loans on detached single family homes, or townhouses or duplexes (not part of a condominium-apartment complex) in the Greater Vancouver Regional District or the Victoria Regional District which loans are not to exceed 85% loan-to-value
  • The initial term of each mortgage is not to exceed twenty-four months
  • Up to 50% of the share capital of DMIC may be secured on non-residential property
  • Mortgage loans are not to exceed the greater of $500,000 or Ten (10%) percent of DMIC’s portfolio

 

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