Exploring the Growing Demand for Alternative Lending in British Columbia
In today’s dynamic financial landscape, traditional lending options are no longer the only route to homeownership or property development. Alternative lending , particularly through Mortgage Investment Corporations (MICs) , is rapidly gaining popularity, especially in British Columbia (BC) . As one of Canada’s fastest-growing real estate markets, BC offers unique opportunities for investors and borrowers to benefit from the flexibility and potential higher returns that alternative lenders provide. What is Alternative Lending? Alternative lending refers to any type of lending that is outside the traditional banking and financial systems. These types of loans often include private mortgages , second mortgages , and hard money loans . While traditional banks are often stringent about their lending criteria, alternative lenders, such as Versa Platinum’s MIC , focus on offering more flexible financing solutions that may not meet the typical criteria set by conventional banks. Why is Al...