Private Mortgages

Private mortgages provide essential financing solutions when traditional bank lending falls short. Whether you're facing time-sensitive closings, credit challenges, unique income situations, or property conditions that don't meet conventional standards, private lenders offer flexible, equity-focused approvals across Toronto, Markham, York Region, Durham, and Peel.

When Private Mortgages Make Sense

Private lending is ideal when you need:

• •Fast Closing: Close in days, not weeks or months. Perfect for time-sensitive purchases or refinances.
• •Low Documentation: Minimal paperwork requirements. Focus on property value and equity, not income verification.
• •Credit Challenges: Bad credit, bankruptcy, consumer proposals, or credit issues don't automatically disqualify you.
• •Self-Employed Income: When stated income programs aren't enough, private mortgages assess equity over income.
• •Bridge Financing: Short-term solution while you wait for property sale, estate settlement, or credit repair.
• •Unconventional Properties: Properties that banks won't finance due to condition, location, or zoning.
• •Tax or Legal Issues: CRA debt, judgments, liens, or other legal complications affecting bank approval.

How Private Mortgages Work

Private mortgages are funded by individual investors or private lending institutions rather than traditional banks. Approval is based primarily on property value and available equity, typically requiring 20-35% equity in the property. Interest rates range from 6-12% depending on loan-to-value ratio, property location, and borrower situation.

Terms are usually short, from 6 months to 3 years, designed as transitional financing while you resolve credit issues, sell another property, or transition back to traditional lending. Private mortgages can be first or second position, allowing you to leverage equity for emergency funding, business opportunities, or debt resolution.

Benefits of Private Lending

Private mortgages offer several advantages that traditional banks simply cannot match. Approval decisions happen in hours or days, not weeks. Documentation requirements are minimal compared to bank scrutiny. Credit score matters less when you have significant equity. Property condition concerns that stop bank deals are often acceptable to private lenders.

For real estate investors, private mortgages enable quick property acquisitions, renovation projects, and flip opportunities that require fast funding. For homeowners, they provide breathing room during financial transition, time to repair credit, or bridge gaps between property transactions.

Our Private Lending Network

We work with an extensive network of reputable private lenders throughout the Greater Toronto Area and Ontario. Our relationships ensure competitive private lending rates, transparent terms, and professional service. We structure deals that protect your interests while meeting lender requirements.

Every private mortgage application receives careful analysis. We assess your equity position, explain all costs and fees upfront, and create realistic exit strategies to transition you back to conventional lending when appropriate. Our goal is solving your immediate financing challenge while positioning you for long-term success.

Private Mortgage Costs

Private mortgages carry higher interest rates than conventional lending, typically 6-12% depending on risk factors. Lender fees range from 1-3% of the loan amount. Broker fees, legal fees, and appraisal costs also apply. While more expensive than bank mortgages, private lending provides solutions when traditional options aren't available or when speed and flexibility justify the cost.