Lender History:
People’s Bank is a division of People’s Group. People’s group has been in business for over 35 years, offering GICs and commercial mortgages. They have created People’s bank to enter the residential mortgage market, with extensive knowledge in the products in this space that they are offering.
Lender Niches
People’s Trust Bank specializes in flexible lending solutions including loans to holding companies, insured and insurable switches for 2-4 unit rental properties, and offering a range of insured and insurable mortgage products. These niches make People’s Trust a strong choice for investors and borrowers seeking specialized rental property financing.
Factors to consider:
People’s Trust does not permit refinancing on their mortgage products, so clients should plan accordingly. They offer traditional insured and insurable mortgage programs with solid protections. Their strongest niche is lending to holding companies for rental properties, making them a top choice for investor clients in this area.
Contact Information and Links for People’s Bank:
Head Office Location:
888 Dunsmuir St #100, Vancouver, BC V6C 3K4Contact Information:
Hours of operation: Monday – Friday 8:00am – 8:00pm EST
Phone : 866-297-7403
Email : requests@service.peoplesgroup.com
Website:
https://www.peoplesbank.ca/en/
