AMENDMENT TO EMPLOYMENT AGREEMENT

     Amendment  made  as  of  the  1st  day of July, 2004, by and between Jerome
Dansker  ("Dansker")  and  Intervest  Mortgage  Corporation  (formerly  known as
Intervest  Corporation of New York), a New York corporation (the "Corporation").

     WHEREAS, Dansker and the Corporation are parties to that certain Employment
Agreement  dated as of July 1, 1995, as amended on August 3, 1998 (the "Original
Employment  Agreement"),  and

     WHEREAS,  the  parties  are  desirous  of  amending the Original Employment
Agreement  so  as  to  extend  the  term  thereof,

     NOW,  THEREFORE,  the  parties  agree  as  follows:

1. DEFINED TERMS. Capitalized terms used herein shall have the meanings ascribed
to  them  in  the  Original  Employment  Agreement.

2.  AMENDMENT.  Section 4 of the Original Employment Agreement is hereby deleted
and  the  following  is  substituted  in  its  place:  "Term.  The  term of this
                                                        ----
Employment Agreement (the "Term") shall commence on the effective date and shall
expire  June  30, 2014, unless terminated by Dansker upon thirty (30) days prior
notice  (in which case the respective obligations of the parties hereunder shall
terminate  upon  the payment of accrued entitlements and which termination shall
not  include  Dansker's  death,  disability  or  retirement)."

3.  SCOPE. Except as expressly amended hereby, the Original Employment Agreement
shall  remain  in  full  force  and  effect  in  accordance  with  its  terms.

     IN  WITNESS  WHEREOF, the parties have executed this Amendment effective as
of  the  date  first  written  above.

                                      INTERVEST  MORTGAGE  CORPORATION

                                      /s/ Lowell S. Dansker
                                      By: Lowell S. Dansker
                                      Its: President


                                      /s/ Jerome Dansker
                                      JEROME  DANSKER