Private Mortgages

Private mortgages, often called private loans or private lending,  involve borrowing funds from individuals or private entities rather than traditional financial institutions.

One of the primary benefits of private mortgages in Ontario is increased accessibility. Borrowers who may have difficulty obtaining loans from banks or credit unions due to credit issues or unconventional property types can often secure financing through private lenders.

Is a private mortgage right for you or your client? 

If you or your client are experiencing a short-term cash crunch between inflationary pressures and high borrowing costs, a private mortgage might be the right fit for you.. It's a great way to offer financial relief for the short term. 

Some highlights include: 

• FAST  & EASY Approval and Funding. 
• Will consider all applications - 1st, 2nd, 3rd Mortgages, Bridge Loans, Construction Loans, & Commercial Financing
• Twelve months of payments can be drawn from mortgage proceeds (if equity allows),  alleviating the financial burden of rising interest rates
• Credit Rehabilitation for Borrowers and Much More!
• Equity-Based Lending and REAL COMMON SENSE LENDING, if it makes sense, we will do it.
• Creative Financing
• For pre-construction Condominiums and New-Build homes, we can use the current value to establish LTV rather than simply the purchase price.