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Private Funds
First and 2nd Mortgages


Power of Sale, Forclosure, Mortgage Arrears,
Debt Consolidation, Equity Takeout, Bridge Loans, rent to own purchase and refinances.


I have one of the largest networks of individual private lenders and Capital Investment Companies in Ontario and across Canada.

 

They are equity lenders and typically do not base their decision on credit score like banks do. Given this flexibility and the higher risk they are taking, you can expect to pay more and rates will be higher than what you can expect to pay through a bank. Rates, lenders and brokerage fees will vary with each mortgage on a case per case basis. They will be looked at by the private lender and priced on location, condition and amount of equity. Most lenders will make sure you have the cash flow to be able to afford the payments.

Maximum loan to values based on population
Larger Populated Areas over 30,000: up to 80-95% ltv
Rural Areas or populations under 30,000: up to 65% ltv

* Appraisals required for all private funds at the cost of the borrower.

 

Apply for a private mortgage now


Although each deal is looked at on an individual basis, here is a general idea of what you can expect to :

  • Fees -Lender/Broker fee 1-6%
  • Term - 1 year
  • Payments - interest only or amortized payments
  • Region - Max loan to values depends on location
  • Approval - approvals can take 1 day to 2 weeks depending on the deal.
  • Funding - funding can happen in less then a week but generally in 3 weeks.


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