Business Details
35 Years
experience
Expert Mortgage Solutions in North Vancouver
Since 1991, First Circle Financial has been a trusted partner for mortgage brokers and investors, delivering tailored mortgage solutions and secure investment opportunities. Our team combines over 70 years of industry experience with a commitment to conservative risk management, serving clients across Southwestern British Columbia. We specialize in residential, commercial, construction, and land mortgages, offering competitive rates and flexible terms to meet diverse client needs. Our disciplined approach to portfolio management has consistently delivered reliable returns to investors since our inception. With offices in North Vancouver, we prioritize straightforward solutions and personalized support for brokers and investors alike.Our proven track record through economic cycles demonstrates our ability to navigate market challenges while maintaining portfolio stability. We leverage advanced underwriting practices and maintain strong relationships with financial institutions to ensure optimal outcomes for borrowers and investors. Our services extend to electronic deal submissions through leading platforms, streamlining processes for modern mortgage professionals. By focusing on transparency and long-term partnerships, we have built a reputation as a leader in alternative mortgage financing. Today, we manage nearly $150 million in capital, reflecting our ongoing commitment to innovation and client satisfaction.
Services
Residential Mortgages
Commercial Mortgages
Construction Loans
Land Financing
Mortgage Portfolios
Investment Opportunities
Broker Resources
Electronic Submissions
Portfolio Management
Underwriting Services
Details
- Year established: 1991
Highlights and features
- We have over 30 years of experience in alternative mortgage financing.
- Our team offers 70+ combined years of industry expertise.
- We provide tailored mortgage solutions for complex borrower needs.
- We maintain a conservative risk appetite with proven returns.
- Our electronic submission system streamlines broker workflows.
Services
Residential Mortgages
We offer residential mortgage solutions with loan-to-value ratios up to 75% and flexible terms. Our products include first and second mortgages with competitive interest rates. Borrowers benefit from streamlined approval processes and tailored financing options for primary residences and investment properties.
Commercial Mortgages
Our commercial mortgage programs support business property acquisitions with LTV up to 65%. Rates start at prime plus 4% with minimum 8.70%. We specialize in financing retail, office, and industrial properties with customized repayment structures for business owners and investors.
Construction Loans
We provide construction financing for residential and commercial projects with 65% LTV maximum. Rates begin at prime plus 4% with 12-month terms. Our program supports ground-up construction and major renovation projects across British Columbia.
Investment Portfolios
First Circle Mortgage Investment Corporation offers diversified mortgage portfolios with historical returns of 6.4-12.8% annually. Our professionally managed funds provide secure investment opportunities backed by real estate collateral across Southwestern BC.
Broker Resources
We equip brokers with comprehensive resources including approved appraiser lists, electronic submission platforms, and dedicated support teams. Our Filogix, Velocity, and Lendesk integrations streamline deal processing for mortgage professionals.
People
Alan P. Cross
Chief Executive Officer
Alan Cross leads our strategic direction with extensive financial expertise as a CPA and CGA. He oversees all operations and maintains our commitment to conservative risk management practices.
Stephen Cross
President
Stephen Cross manages day-to-day operations with over 30 years in mortgage finance. He focuses on maintaining our high service standards and expanding our market presence.
Morgan Harrop
Vice President, Finance & Investor Relations
Morgan Harrop oversees financial operations and investor communications. With deep capital markets knowledge, she ensures transparent reporting and manages our investor relations programs.
Kyle Williams
Vice President, Mortgage Sales
Kyle Williams leads our broker relations team. He develops partnerships with mortgage professionals and ensures our products meet evolving market demands across British Columbia.
Jason Parlee
Director, Mortgage Credit
Jason Parlee manages our credit assessment processes. He ensures rigorous underwriting standards while maintaining efficient approval timelines for mortgage applications.
Questions
What mortgage solutions do you offer brokers?
We provide residential, commercial, construction, and land mortgages with LTV options from 50-75% and competitive interest rates.
How can investors participate in your mortgage funds?
Investors can access diversified mortgage portfolios through First Circle Mortgage Investment Corporation, professionally managed since 2005.
What are your current mortgage rates?
Rates start at 6.95% for first mortgages and 9.95% for second mortgages, with terms based on BMO Prime adjustments.
Which geographic areas do you service?
We operate throughout Southwestern BC including Vancouver, Victoria, Kelowna, and surrounding regions.
What returns have investors historically received?
Investor returns have ranged from 6.4% to 12.8% annually since our inception in 1991.
How do brokers submit mortgage applications?
We accept electronic submissions through Filogix, Velocity, and Lendesk platforms for streamlined processing.
Reviews (6)
Dan Pultr
Jan 03, 2022
Report
One of the best in the business for construction financing. Thank you for all your support over the years.
Georgemuscle
Feb 11, 2021
Report
Not a reliable company
After we got our commitment letter we were told 99.9 percent done
The brokers tells me today the lender dont like the lot or the plans
After i removed conditions on the hook for a loss of over $50,000.00 dollars not cool
I cant sleep im stressed and not feeling good
Horible group of people that issue commitment letters and dont fund
Be ware of this company
I give them zero oit of 100 and will let all my assosiates know
After we got our commitment letter we were told 99.9 percent done
The brokers tells me today the lender dont like the lot or the plans
After i removed conditions on the hook for a loss of over $50,000.00 dollars not cool
I cant sleep im stressed and not feeling good
Horible group of people that issue commitment letters and dont fund
Be ware of this company
I give them zero oit of 100 and will let all my assosiates know
Paul Hudson
Jan 19, 2021
Report
First Circle has always been a reliable mortgage provider for my clients whos incomes falls outside of the post 2016 lending guidelines. They are the perfect option for new business owners and high net-worth clients with limited taxable income
Fraser Amyott
Dec 29, 2020
Report
I am new to investing and First Circle took the time to explain every step to me. The process was pressure free and transparent :)
Aaron Stuart
Aug 29, 2020
Report
The team at First Circle have been great to work with! I look forward to our continued relationship with them.
Craig Hauptman
Aug 23, 2019
Report
First Circle Financial are a great group of people to work with. Theyre professional, diligent, responsive, and local to the North Shore.
