VanPlex Plexperts · BC Multiplex Money
Coast Capital Savings
Featured on VanPlex Plexperts — the curated directory of BC multiplex money.
Federal Credit Union, Coast Capital Savings Federal Credit Union
Builder Finance team that funds residential construction up to $50 million a project.
Coast Capital Savings has a Builder Finance group inside its commercial real estate team. It lends on single-family, subdivision, and multi-family projects, with a stated focus on Metro Vancouver and Greater Victoria.
1940
Year founded
$50M
Builder Finance project ceiling (larger loans syndicated)
730,000+
Members after the 2026 merger
~70
Branches across the merged credit union
Meet Coast Capital Savings
Coast Capital Savings started in 1940 and is based in Surrey, BC. In 2018 it became a federal credit union, which lets it operate across provinces under one federal charter. It is member-owned rather than shareholder-owned.
On May 6, 2026, Coast Capital, Prospera, and Sunshine Coast credit unions completed a merger. The combined organization operates as Coast Capital Savings Federal Credit Union and keeps all three brand names. After the merger it reported more than 730,000 members, over $40 billion in assets under administration, about 70 branches, and roughly 2,500 employees.
For people building homes, the relevant part is the Builder Finance group inside the commercial real estate team. It funds residential construction projects, including single-family homes, subdivision developments, and multi-family buildings. The team states it can finance up to $50 million per project and syndicate larger loans with partner lenders when a project needs more.
Construction loans from Builder Finance are fully open, so a borrower can repay early without a penalty. Funds are advanced as the work gets done, usually within two business days of an inspection that confirms the work in place. The team also offers CMHC-insured construction financing for multi-family projects, which can lower borrowing costs on qualifying rental builds.
Credentials
Why work with Coast Capital
01
Construction lending built for builders, not just buyers
The Builder Finance group sits inside the commercial real estate team and lends specifically on construction: single-family, subdivision, and multi-family. Loans advance in draws as the work is completed, usually within two business days of an inspection.
02
CMHC-insured option for rental multiplex builds
Coast Capital offers CMHC-insured construction financing for multi-family projects. For a multiplex built to rent, CMHC insurance can mean a higher loan-to-cost ratio and a lower rate than conventional construction debt.
03
Local market focus
Builder Finance states a primary focus on Metro Vancouver (including Squamish and Chilliwack) and Greater Victoria. That maps directly onto where most BC multiplex projects are going up.
04
Open loans and large project capacity
Construction mortgages are fully open, so you can repay in part or in full at any time without penalty. The team funds up to $50 million per project on its own and syndicates with partner institutions for larger deals.
Frequently asked questions
Does Coast Capital finance multiplex construction?
How large a construction loan can Coast Capital provide?
How are construction funds released?
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