Halifax-based mortgage lender expecting to go national

Halifax-based mortgage lender expecting to go national

Halifax-based Atlantic Signature Mortgage and Loan hopes to launch nationally to provide borrowers with mortgages when they can’t obtain them from traditional banks and financing institutions.
 
Tim Moore, president and CEO, is currently in talks with people in other provinces interested in expanding operations.
 
“This actually probably has more potential than any other business I’ve been involved in,” said Moore, who founded Premiere Executive Suites, a luxury home rental company, in Halifax in 1999. “We’re going to become a national player very shortly. We hope to make announcements in the near future that we’re going to be in Toronto and Calgary.”
 
As an alternative lender, Atlantic Signature interest rates start at 10 per cent and can be higher “depending on their situation,” said Moore. Most are also yearly contracts. The company’s highest mortgage rates range from 14 to 15 per cent.
4 Comments
  • DanP 2010-11-24 6:01:19 AM
    Private lending meets Traditional lending. Great idea!! Why loose good, secure and profitable mortgage business to the private sector when Mortgage Brokers could get part of the action.
    Post a reply
  • Trevor 2010-11-24 11:38:44 AM
    We are a private lender that, in Atlantic Canada, works exclusively with brokers. Capital Direct Atlantic has been offering alternative financing in Nova Scotia, New Brunswick and PEI for over 7 years. Our rates vary from 7 to 15% on 1st and 2nd mortgage up to 75% LTV - no beacon score required. 1 866 830-7734 to reach your local office.
    Post a reply
  • Tim 2010-11-24 7:46:03 PM
    Basically this is a private lender. I can get better rates from my own sources. This is news?
    Post a reply