Does your client want to build in the Okanagan / Shuswap / Kamloops Regions


Private mortgages are not always for the “high risk” borrower.  We specialize in construction financing and have developed a very flexible program making Sierra the first choice for construction mortgages.

The following is a brief outline:

  • Speculative or owner build single-family residences
  • Loan amounts up to $600,000.00
  • Will lend up to 75.0% of completed appraised value
  • Flexible draw schedules
  • Practical draw amounts
  • Draw requests processed in house saving your client repeated legal fees
  • NO GDS/TDS or Minimum Beacon Score requirements
  • No take-out financing approval required prior to first draw*1
  • Monthly payments not required – accrued interest due at each draw *2

*1 we must be confident take out financing can be obtained at completion

            *2 provided draws are requested within a 30 day period

Email; Call (250-558-1111); or Fax (250-558-1100)