Equity trust

Brokers can access new not prime lender early as March.

Then the equity financial Trust hopes to meet the regulatory conditions to begin mortgage lending.

Nick Kyprianou will head the EFT mortgage operations. Nick was President of home trust and the main reason behind the company's remarkable growth and share increase (chart).

Speaking with Nick yesterday, it is apparent he sees huge potential for EFT.  "Liquidity crisis completely decimated unregulated mortgage companies," he said.

"Alternative market fully is underserved."

One indication of not prime loan demand, Nick says is that "we're starting to see more MICs, popping in Ontario that you haven't seen for years, especially in the residential part of the business".

When it starts, EFT will be alternative residential lender loan of up to 80% loan-to-value of the properties of the unit 1-4. EFT ultimately it has plans to roll out products, (b) and (c), Nick says.

"This business is service and long-term relationships," added Nick. "We will have fantastic service ... and be completely paperless from cradle to grave."

The company expects to raise additional $ 10 million of the capital at the end of this month, in preparation to become a deposit taking institution (DTI) and start granting loans.

Equity trust applied trust is a registered company in 2006, but has been in business for 20 years. EFT is a subsidiary of capital financial Holdings Inc. (TSX: EQI), former grey horse Corporation.

This is not the main recommendation, but if you want to invest in good records of the track, placed EQI your RADAR.

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