Builders Capital Mortgage Corp. Announces Anticipated Third Closing of Bond Offering

Executive Summary

• Builders Capital Mortgage Corp. announced that the third tranche of its participating bond offering is expected to close on December 31, 2025 for gross proceeds of $750,000.
• The bonds are issued on the same terms as previously disclosed (April 8 2024) and will be used to fund or acquire short‑term residential construction mortgages in Alberta and British Columbia.
• The company confirmed there are no material changes to its business that have not already been disclosed.

Key Details

• Offering Overview: Participating bond offering originally announced to raise up to $50 million in one or more tranches.
• Third Tranche Size: Gross proceeds of $750,000; expected closing date December 31, 2025.
• Terms: Identical to those set out in the April 8 2024 release (participating bonds that share returns and risk pari‑passu with existing shares).
• Use of Proceeds: To fund or acquire short‑term residential construction mortgages in Alberta and British Columbia as part of the company’s ongoing mortgage lending business.
• Leverage Impact: Shares and shareholders are not exposed to additional leverage risk; bonds participate on an equal basis with equity.
• Materiality Statement: The company confirmed no material changes have occurred that were not previously disclosed.

Notable Quotes

• Sandy Loutitt, CEO: “The net proceeds of the Offering will be used in the Company's ongoing mortgage lending business to fund or acquire short‑term, residential construction mortgages in Alberta and British Columbia.”