Fisgard Capital, Explained (BC Mortgage Investment Corporation)

Fisgard Capital, Explained

Fisgard is one of Western Canada’s longest-running mortgage investment corporations — a private, equity-based lender. Its mortgage lending is now operated by Neighbourhood Holdings. Here’s how this option works and where it fits.

Quick answer: Fisgard Capital is a British Columbia mortgage investment corporation (MIC) established in 1994, investing in mortgages secured by Canadian real estate with a conservative portfolio loan-to-value around 55%. As of late 2025, its mortgage-lending operations are run by Neighbourhood Holdings, which continues to offer broker-channel private mortgage solutions. It’s a private, equity-based option we can access for short-term needs and compare against other private lenders.
1994
Established (BC)
MIC
Mortgage investment corporation
~55%
Conservative portfolio LTV
Broker
Accessed via brokers

Who is Fisgard?

Fisgard Capital, based in Victoria and Vancouver, has invested in quality mortgages secured by Canadian real estate since 1994, historically running a conservative book with a portfolio loan-to-value near 55%. It serves investors from British Columbia to Ontario. As of late 2025, Fisgard’s mortgage operations were transferred to Neighbourhood Holdings, which now manages the lending side and continues to provide flexible, transparent private mortgages through the broker channel, while the Fisgard brand remains active for existing investors.

How this private, equity-based lending works

A mortgage investment corporation pools investor capital to fund mortgages, deciding largely on the equity and quality of the property rather than a rigid income-and-credit formula. That makes it flexible and relatively quick, at a higher rate and fees than a bank. A conservative MIC like Fisgard’s historic book keeps loan-to-values modest, which suits borrowers with solid equity who need a short-term, common-sense solution.

When it fits

  • Equity-based first or second mortgages for borrowers who don’t fit a bank or alt lender.
  • Short-term or bridge needs where flexibility and a common-sense read matter.
  • Files with solid equity that suit a conservative private lender.

How a Calgary mortgage broker helps

Private lending is accessed through brokers, and the details matter:

  • We package your file around the equity and submit it through the right channel.
  • We compare this option against other private lenders and MICs on rate and fees.
  • We build the exit to lower-cost financing into the plan from the start.
  • It’s free to start, with no credit hit and no obligation.

Mortgage Application

Considering a private, equity-based mortgage? Let’s talk

  • 2-minute form
  • No credit check to start
  • Confidential
  • No obligation

Frequently asked questions

What is Fisgard Capital?
Fisgard Capital is a British Columbia mortgage investment corporation established in 1994 that invests in mortgages secured by Canadian real estate. As of late 2025 its mortgage lending is operated by Neighbourhood Holdings.
What is a mortgage investment corporation (MIC)?
A MIC pools investor capital to fund mortgages, deciding mainly on the equity and quality of the property rather than a strict income-and-credit formula. It’s flexible and relatively quick, at a higher rate and fees than a bank.
Is this a long-term mortgage?
No. Private, MIC-based lending is a short-term, equity-based bridge. We plan an exit to lower-cost financing from the outset.
How do I access it?
Through a licensed mortgage broker. We package your file, submit it through the appropriate channel, and compare it against other private options.

Wondering if a private lender is your answer?

We’ll assess your equity, compare the private options, and map the exit to cheaper money. Apply online in about two minutes, or book a discovery call.

Apply online Book a discovery call
Free · No credit check to start · No obligation

This article is general information, not financial, mortgage or legal advice. Private mortgages carry higher rates and fees and are intended as short-term solutions; products, rates, fees and terms vary, are subject to change and depend on lender approval. Fisgard Capital and Neighbourhood Holdings are not affiliated with Mortgages for Less and no endorsement is implied. Please speak with a licensed mortgage professional about your specific circumstances. Mortgages for Less with INDI Mortgage.