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Private mortgage lender · Vancouver, BC · since 2004

Equity lending, decided in one business day.

A Vancouver-based private lender for borrowers who fall outside the guidelines of traditional institutions. We lend on the quality of the security, and we answer quickly.

Residential home with a landscaped front yard
Street of homes in a residential neighbourhood

About

Warm, sunlit interior of a Canadian home

Since 2004, Comat has lent funds on the security of mortgages on Canadian residential real estate in British Columbia, Alberta and Ontario.

Comat is a registered mortgage broker in good standing with the BC Financial Services Authority, and will transition to licensing as a “mortgage lender” under the upcoming Mortgage Services Act (British Columbia).

We do not provide mortgage advice to borrowers and require borrowers to be independently represented by a mortgage broker.

We are an equity lender that focuses primarily on the quality of the loan security.

Comat lends only its own funds and does not accept funds from, or administer funds for, third-party investors, allowing us to respond to a loan proposal within one business day.

Lending parameters

An overview of our preferred lending criteria.

Loan Amounts
$125K – $750K
Or higher in special circumstances.
Loan-to-Value
Up to 75%
Including all prior charges.
First Mortgages
From 8.5%
Rate reflects security and covenant.
Second Mortgages
9.5 – 13.5%
Occasionally higher in unusual cases.
Term
12 – 24 mo
Renewals offered on mortgages in good standing.
Payments
Monthly
By direct deposit; generally interest-only.
Aerial view of a residential neighbourhood

Through your broker

Comat does not provide mortgage advice to borrowers and requires borrowers to be independently represented by a mortgage broker, who manages the relationship throughout the loan term.

Broker solicitations are considered only where the broker has Fintrac-compliant systems and a pre-existing written agreement to undertake Fintrac obligations on our behalf.

We lend only our own funds and do not accept or administer funds for third-party investors, so every proposal gets timely consideration.

What we’ll need

01 Completed application form.
02 Appraisal of the subject property by an acceptable qualified appraiser.
03 Credit bureau report on borrowers and covenantors.
04 Pre-existing Fintrac agreement between Comat and the sponsoring mortgage broker.
05 Know-Your-Client information.
06 Signed commitment letter.
07 ID verification.
08 On closing, confirmation of insurance and that other mortgages, property tax and strata fees are current.
Modern residential home at dusk

Let’s talk.

Reach a principal directly. We respond quickly.

Steve Cook, Principal of Comat Mortgage ULC
Steve Cook
Principal of Comat Mortgage ULC
Douglas Mathew, Principal of Comat Mortgage ULC
Douglas Mathew
Principal of Comat Mortgage ULC
General: info@comat.ca P: +1 604-558-3360 F: +1 604-558-3361