SoBankable
- Company typePrivate
- Founded1996
- HeadquartersEdmonton, Canada
- Headcount1–10
- GTM typeB2C
- OfferingServices
SoBankable firmographics
Firmographics- Name
- SoBankable
- Legal name
- SoBankable Corporation
- Website
- https://sobankable.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where SoBankable is headquartered
LocationHeadquarters
- HQ city
- Edmonton
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
SoBankable business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Mortgage Interest Income: SoBankable generates primary revenue through interest charged on cross-border mortgages for property purchases and refinances in Mexico. The company offers CAD-denominated fixed-rate mortgages at 11.99%, with loan terms of 5 years and amortization up to 30 years. Financing is available up to 70% LTV with minimum equity requirements of $50,000 CAD.
- Origination Fee: SoBankable charges a lender/origination fee that is deducted from the loan advance at closing. If the deal does not close, the borrower does not pay this fee. The specific amount is disclosed in the commitment letter before closing decisions are made. This is distinct from underwriting fees which SoBankable does not charge.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Cross-Border Mortgage Product |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
SoBankable product offering
Product offeringCore offering
SoBankable is a cross-border mortgage lender providing CAD-denominated residential mortgage financing to Canadian and American buyers purchasing or refinancing property in Mexico. The company offers Purchase Mortgages (up to 70% LTV, 3–5 year terms, amortization up to 30 years) and Refinance products (unlocking equity in existing Mexican properties), underwritten from its Edmonton office using Canadian or U.S. credit history rather than Mexican local credentials.
Product overview
SoBankable is a cross-border mortgage lender providing CAD-denominated residential mortgage financing for Canadians and Americans purchasing or refinancing property in Mexico. The core product suite consists of two main mortgage offerings: Purchase Mortgages (financing up to 70% LTV for property acquisitions) and Refinance products (unlocking equity in existing properties). These are supported by a Mortgage Calculator tool for payment estimation, a Borrower Portal for loan tracking and document management, and a Broker Portal for partner mortgage professionals. The company operates through a 10-step process from application to funding, with all loans processed and underwritten from their Edmonton, Alberta office.
Differentiator
Problem solved
Functional benefit
Products and services
- Purchase Mortgage CAD-denominated cross-border mortgage for purchasing residential property in Mexico for Canadian and American non-residents. Offers up to 70% LTV with a minimum 30% down payment, terms of 3 to 5 years, amortization up to 30 years, fixed interest rate, and qualification based on Canadian or U.S. credit history.
- Refinance Mortgage CAD-denominated mortgage refinancing product that allows existing Mexican property owners to unlock equity in their property, including cash-out refinancing and payoff of existing secured debt. Same terms structure as the Purchase Mortgage (up to 70% LTV, 3–5 year terms, up to 30-year amortization).
Quantifiable outcome
- Monthly payment of approximately $2,850 CAD for a $400,000 CAD property with 30% down ($280,000 CAD mortgage at 11.99% over 30 years)
- +2 more outcomes
Companies that use SoBankable
Customer profileSegments2 records
Ideal customer profiles2 records
SoBankable technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
SoBankable partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Caplink Financial CorporationcoreCaplink Financial Corporation is the parent company and joint venture partner of SoBankable. With 29 years of proven experience in alternative lending, Caplink provides the institutional foundation and licensing infrastructure for SoBankable's cross-border mortgage operations in Canada. SoBankable was originally established as a specialized division of Caplink Financial Corporation before transitioning to an independent company.
- Midnight Sun FinancialcoreMidnight Sun Financial is a joint venture partner in SoBankable, combining with Caplink Financial Corporation to create a purpose-built cross-border mortgage lender for Canadians and Americans purchasing property in Mexico.
- Licensed Mortgage BrokerscoreSoBankable partners exclusively with mortgage brokers who hold active licenses to arrange residential mortgage financing in their home province or state, remain in good standing with applicable regulatory bodies, and complete the SoBankable onboarding educational process. Brokers access the platform via cabroker.sobankable.com.
- RealtorscoreSoBankable partners with real estate agents (realtors) who specialize in working with international buyers purchasing property in Mexico. The program connects realtor clients with specialized mortgage solutions designed for cross-border buyers. Realtors can connect via realtors.sobankable.com.
- Mexican Trustee Banks (Fideicomiso)coreMexican banking institutions authorized by the Mexican Banking Commission serve as trustees for fideicomiso bank trusts required for foreign property ownership in Mexico's restricted zone. The trustee bank holds legal title to the property while the buyer retains beneficial ownership rights. SoBankable mortgages are registered against the fideicomiso and secured by a first-position lien on the property.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
SoBankable competitors and assessment
Company assessmentBroad incumbents
- Scotiabank: Canadian bank with the deepest Canadian-Mexico banking corridor presence among the Big Five, including Mexican subsidiary operations. Serves cross-border buyers through established banking infrastructure, though not specialized in cross-border mortgages.
- Better.com: Digital-first US mortgage lender with a streamlined online application experience similar in philosophy to SoBankable's digital application portal. Comparable technology-first approach to mortgage origination.
- Rocket Mortgage: Largest US mortgage lender with a digital-first origination platform. While focused on US domestic mortgages, its scale, technology, and brand could enable future cross-border expansion into the Mexico market.
- BMO: Canadian bank with US mortgage operations through BMO Harris. Plausible competitor with the North American footprint and Canadian client base with Mexican property interests to extend into cross-border mortgage lending.
- HSBC: Global bank with international mortgage programs for expatriates and cross-border property buyers, including Mexico. A broad incumbent serving cross-border buyers as part of a much larger international banking franchise.
Regional players
- Intercam Banco: Mid-sized Mexican bank known for serving foreign property buyers and expat communities with peso-denominated mortgages and fideicomiso services. Specialized in cross-border Mexican real estate financing, similar in niche focus to SoBankable.
- BBVA Mexico: Major Mexican bank with foreign buyer services and international mortgage programs. A significant competitor in the Mexican residential mortgage market serving both residents and non-residents.
- Banorte: One of Mexico's largest banks, serving foreign property buyers through traditional fideicomiso structures and peso-denominated mortgages. Comparable as a Mexican lender serving foreign buyers, though lacking the CAD denomination advantage.
Direct peers
- Lendbuzz: US digital lender specializing in auto loans and mortgages for immigrants and cross-border borrowers with thin US credit files. Directly comparable in serving foreign or limited-credit-history borrowers with non-traditional income documentation.
- MEX Home Loans: US-based cross-border mortgage specialist focused on financing US and Canadian buyers purchasing property in Mexico. The closest direct competitor with similar cross-border Mexico focus, though SoBankable uniquely offers CAD denomination.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
SoBankable social profiles
Digital presenceSoBankable financial estimates
Financial estimateRevenue estimate
Valuation estimate
SoBankable leadership team
Management profileNumber of profiles
SoBankable funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SoBankable M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SoBankable
What does SoBankable do?
SoBankable is a cross-border mortgage lender providing CAD-denominated residential mortgage financing to Canadian and American buyers purchasing or refinancing property in Mexico. The company offers Purchase Mortgages (up to 70% LTV, 3–5 year terms, amortization up to 30 years) and Refinance products (unlocking equity in existing Mexican properties), underwritten from its Edmonton office using Canadian or U.S. credit history rather than Mexican local credentials.
Is SoBankable a public or private company?
SoBankable is a private company. It is classified as corporate owned and is currently operating.
When was SoBankable founded?
SoBankable was founded in 1996. It employs 1 to 10 people.
Where is SoBankable based?
SoBankable is headquartered in Edmonton, Canada, in the North America region.
How does SoBankable make money?
Two revenue lines are on record. Mortgage Interest Income is the primary driver. The others are origination Fee.
Who are SoBankable's main competitors?
Broad incumbents on record are Scotiabank, Better.com, Rocket Mortgage, BMO and HSBC. Regional players are Intercam Banco, BBVA Mexico and Banorte. Direct peers are Lendbuzz and MEX Home Loans.
Does SoBankable have an API?
No public API is recorded for SoBankable.