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Cove Mortgage Ltd. is one of British Columbia's largest and most active private lending firms. We have over 100 million dollars in private funds available through private resources and our Mortgage Investment Corporations.
We offer unique investment opportunities to our Investors and creative mortgage solutions to our Brokers.
Please click on the tab on the left to access the area that interests you.
COVE MORTGAGE INVESTOR PRODUCTS...
Cove Mortgage offers its investors variety of mortgage products varying by yield and risk, from ultra-conservative to medium-risk products. All mortgages are in British Columbia.
CMIC First |
CMIC |
Private Mortgages |
Up to 65% LTV |
Up to 75% LTV in Greater Vancouver and Victoria |
Up to 80% LTV |
Up to 50% LTV on Strata in major centres only |
Up to 65% LTV on Strata and outlying areas |
Up to 80% on Strata |
Residential only |
Residential and up to a maximum of 20% Commercial |
Residential & Commercial |
First mortgages only |
First and Subsequent Mortgages |
First and Subsequent Mortgages
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British Columbia only |
British Columbia only |
British Columbia only |
Yield 5% - 6% |
Yield 6% - 8% |
Yield 12% - 14% |
CMIC First is for risk-averse investors looking for a conservative return on a conservative product. **
CMIC is for normal risk investors looking for a higher return but with the protection of a pool of mortgages. **
Private Mortgages provide the highest yield for savvy investors. Deals are custom and yields are higher than the other investments.
** waiting list currently; please contact Sally Wheatley at 604-929-8156 ext 17
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