VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Neighbourhood Holdings Limited Partnership (“Neighbourhood”), a leading provider of alternative mortgages in Canada, recently celebrated its five year anniversary - an important milestone for the business.
“Neighbourhood was launched out of a single family office in Vancouver, in 2015. Leveraging over thirty years’ experience in the mortgage industry and a deep understanding of its pain points, we came to market employing a transparent and conservative approach to lending capital to those needing low-rate, alternative first mortgages for residential homes and condos. Since then, we’ve never lost sight of our founding principles of being transparent, data driven, energetic, fuelled by ambition and obsessed with customer service,” said Taylor Little, CEO of Neighbourhood. “Since inception we’ve originated nearly $700 million across more than 2,000 deals, and grown our business across the country to offer industry leading mortgage rates in British Columbia, Ontario, Québec, Alberta, Manitoba, and Nova Scotia. Our growth has sharpened our experience and ensured that we continued in our relentless pursuit of innovation in the name of the Canadian home owner, especially in a year that has introduced an unprecedented degree of certainty to the economy and housing market.”
Keeping with its position as a market leader, in September Neighbourhood announced the launch of a unique product in the industry - a three year mortgage with rates starting at 5.95%. Aimed at increasing borrower stability, the product is offered as an interest-only or amortized mortgage, with the flexibility to pay out at any time with only a three month interest prepayment penalty.
Employing a nimble approach to mortgage lending, Neighbourhood embraces the latest industry technologies, and is committed to being at the forefront of the industry’s innovation and diversification while consistently producing strong risk adjusted returns to investors.
For more information regarding Neighbourhood’s lending or investment criteria, please contact info@nhlp.ca.
About Neighbourhood Holdings Limited Partnership
Neighbourhood Holdings Limited Partnership (Neighbourhood) is a leading alternative mortgage lender. Neighbourhood leverages the latest industry technology and a transparent, conservative approach to lending capital to deliver fast and competitive short-term financing solutions to Canadians in search of residential properties, while consistently producing strong risk adjusted returns to investors. Neighbourhood currently offers some of the lowest alternative mortgage rates in Canada, namely in British Columbia, Alberta, Manitoba, Ontario and Québec. For more information: www.nhlp.ca
Neighbourhood Media Contact:
Jen Hazell
On behalf of Neighbourhood Holdings
604-738-2220
jen@talkshopmedia.com