When traditional banks say no or time is critical, private mortgages provide the flexible financing solution you need. Our private mortgage services connect Ontario property owners with alternative lending sources that focus on property equity rather than credit scores, income verification, or conventional qualification criteria.
Serving Toronto, Ottawa, Mississauga, Hamilton, Brampton, London, Kitchener-Waterloo, Windsor, Markham, Vaughan, and all Ontario communities, we provide fast-approval private financing for residential, commercial, industrial, and land properties when traditional lending isn’t an option.
Private mortgages are funded by individual investors, mortgage investment corporations (MICs), and private lending institutions rather than banks or credit unions. These lenders make decisions based primarily on property value and available equity, offering approval flexibility that conventional lenders cannot match.
Bankruptcy, consumer proposals, collections, judgments, tax arrears, or low credit scores don’t disqualify you from private financing. Private lenders focus on your property equity and exit strategy rather than past credit issues, providing mortgage solutions when banks decline your application.
Business owners, commissioned salespeople, contractors, and self-employed professionals with income that’s difficult to document can access private mortgages without traditional income verification. No tax returns, pay stubs, or employment letters are required—your property equity speaks for itself.
Discharged bankruptcies, active consumer proposals, or recent insolvency doesn’t prevent private mortgage approval. We work with lenders who understand financial recovery and provide bridge financing while you rebuild credit for future conventional refinancing.
Facing foreclosure or power of sale proceedings? Private mortgages provide emergency financing to pay off arrears, stop legal action, and protect your property ownership. We arrange fast approvals to resolve urgent situations before you lose your home.
When opportunity knocks or problems arise, waiting 4-6 weeks for bank approval isn’t acceptable. Private mortgages approve in 24-72 hours and fund within 5-10 business days, enabling quick property purchases, emergency refinancing, or urgent debt consolidation.
Banks decline mortgages on properties they consider risky—rural properties, properties needing repairs, unique constructions, properties with zoning issues, or unconventional uses. Private lenders evaluate these properties individually and provide financing based on actual market value.
High-interest credit card debts, tax arrears, business debts, payday loans, or multiple obligations can be consolidated through private mortgage refinancing. Access your property equity to eliminate expensive debts, improve cash flow, and create a path to financial stability.
Buying a new property before selling your current one? Private bridge loans provide short-term financing secured against your existing property, enabling you to purchase without sale conditions and avoid losing your dream home.
Business opportunities, investment purchases, legal settlements, medical expenses, education costs, home renovations, or any legitimate financial need can be funded through private mortgage equity takeout when conventional lenders won’t approve.
First position private mortgages offer the lowest rates in private lending, typically 7.99-11.99% depending on property location, condition, loan-to-value ratio, and borrower situation. These mortgages are secured as the primary lien against your property.
Second mortgages sit behind your existing first mortgage, providing additional financing when you need capital but want to maintain your current first mortgage terms and rate. Second mortgage rates typically range from 9.99-14.99% based on combined loan-to-value and risk factors.
When you have existing first and second mortgages but still have equity available, third mortgages provide additional financing. These higher-risk loans carry rates of 12.99-17.99% but provide access to otherwise unavailable capital.
Single-family homes, semi-detached homes, townhouses, condominiums, and multi-unit residential properties up to four units qualify for residential private mortgages with loan-to-value ratios up to 75-85% depending on location and property condition.
Office buildings, retail properties, industrial facilities, warehouses, mixed-use buildings, and investment properties qualify for commercial private financing with flexible terms based on property income, location, and market value.
Private construction loans fund new builds, major renovations, additions, or property improvements with progress draw schedules. These loans bridge the gap until construction completion enables conventional refinancing.
Raw land, severed lots, land assembly projects, and development properties that banks won’t finance can secure private mortgages based on current market value and future development potential.
Farmland, agricultural properties, hobby farms, and rural properties outside conventional lending areas qualify for private mortgages based on property value regardless of farming income or business operations.
Private mortgage rates in Ontario typically range from 7.99% to 17.99% depending on numerous factors including:
Prime Toronto properties with strong equity may secure rates around 7.99-9.99%, while higher-risk situations or subordinate mortgages may carry rates of 12.99-17.99%.
Private lenders advance up to 75-85% of property value depending on location and property type:
Combined loan-to-value (including all existing mortgages) determines maximum available financing.
Private mortgages are short-term financing solutions, typically offered with:
The short-term nature reflects private mortgages as bridge financing while you improve credit, sell property, complete construction, or arrange conventional refinancing.
Private mortgages include setup fees covering lender risk and administrative costs:
While fees are higher than conventional mortgages, private financing solves problems that justify these costs when traditional lending isn’t available.
Many private mortgages offer flexible prepayment privileges including:
We negotiate prepayment terms that match your anticipated timeline for refinancing or property sale.
Private lending approvals depend primarily on available property equity. Lenders advance up to 75-85% loan-to-value, meaning you need 15-25% equity in your property. We arrange property appraisals to determine current market value and maximum available financing.
Lenders evaluate property condition, marketability, location desirability, and estimated sale timeline if foreclosure becomes necessary. Well-maintained properties in strong markets qualify for better rates and terms than properties needing repairs in weaker locations.
Private lenders want to understand how you’ll repay the mortgage at term maturity. Strong exit strategies include:
Clear, realistic exit strategies improve approval odds and terms.
Unlike banks requiring extensive documentation, private lenders need only:
No employment verification, tax returns, credit reports, or income documentation is required for most private mortgages.
Private mortgage approvals happen quickly:
Emergency situations can sometimes fund in 3-5 business days when all parties prioritize urgency.
Multiple high-interest debts from credit cards, payday loans, tax arrears, or personal loans create financial stress. Private mortgage refinancing consolidates everything into one payment, reduces total monthly obligations, and provides breathing room to regain financial stability.
Canada Revenue Agency tax arrears with collection proceedings threaten property liens and wage garnishment. Private mortgages access your home equity to pay CRA in full, stopping collection action and allowing manageable monthly payments while you resolve tax obligations.
Matrimonial home buyouts require financing to pay your ex-spouse their equity share. When your income alone doesn’t qualify for conventional refinancing, private mortgages provide funds to complete separation agreements and maintain property ownership.
Inheriting property with existing mortgages, estate debts, or multiple beneficiaries requiring buyouts? Private mortgages provide bridge financing during estate settlement when banks won’t lend to estates or heirs without traditional income.
Time-sensitive business opportunities, equipment purchases, inventory acquisition, or operational capital needs can be funded through private mortgage equity takeout when business loans aren’t available or timing doesn’t permit bank approvals.
Found your dream home but haven’t sold your current property? Private bridge financing secured against your current home provides purchase funds, enabling you to buy without sale conditions and avoid losing the property to competing buyers.
Major renovations, additions, or home improvements that increase property value can be funded through private mortgages when home equity lines of credit aren’t available or sufficient for your project scope.
Court-ordered judgments, legal settlements, or lawsuit resolutions requiring immediate payment can be satisfied through private mortgage financing when you have property equity but insufficient liquid assets.
We maintain active relationships with 50+ private lenders across Ontario including individual investors, mortgage investment corporations (MICs), syndicated mortgage funds, and institutional private lenders. This network ensures we find financing for virtually any property situation.
Private lending requires creative solutions for complex situations. Our experience arranging thousands of private mortgages means we understand how to structure deals, present applications effectively, and overcome obstacles that prevent approval.
Not all private lenders offer the same rates and terms. We compare multiple lenders for your situation, negotiating the most favorable rates, lowest fees, and best terms available in the current market.
We explain all costs upfront including lender fees, broker fees, legal costs, and appraisal charges. No surprises at closing—you’ll know exactly what you’re paying and what you’re receiving.
When time matters, we prioritize your file with urgent processing, same-day lender submissions, expedited appraisals, and coordinated legal work to achieve the fastest possible funding.
We manage your entire private mortgage process from initial consultation through funding, coordinating appraisals, legal documentation, lender communications, and closing details so you can focus on resolving your financial situation.
Private mortgages are transitional financing. We develop a refinancing roadmap that outlines steps to improve credit, build income documentation, or position you for conventional refinancing at lower rates before your private mortgage matures.
We don’t charge upfront application fees or retainers. Our compensation comes from successfully funding your mortgage, aligning our interests with achieving your approval and funding.
Private mortgages solve immediate problems while you work toward conventional refinancing:
We provide guidance on improving credit scores, disputing errors, building positive payment history, and timing credit improvement for optimal conventional mortgage approval.
Self-employed borrowers benefit from establishing consistent income documentation through proper tax filing, business accounting, and income reporting that enables future bank approval.
Properties needing repairs or improvements can be upgraded during your private mortgage term, increasing value and marketability for conventional refinancing approval.
Using private mortgage funds to eliminate high-interest debts improves your debt service ratios, making you attractive to conventional lenders when refinancing time arrives.
We create realistic timelines for credit improvement and conventional refinancing, ensuring you’re prepared to exit private financing before term maturity at lower rates.
How quickly can I get approved for a private mortgage? Most private mortgages approve within 24-72 hours and fund within 5-10 business days. Emergency situations sometimes fund in 3-5 days.
What credit score do I need for a private mortgage? Credit scores don’t determine private mortgage approval. Even scores below 500 or recent bankruptcies qualify when you have sufficient property equity.
Can I get a private mortgage on a rental property? Yes, investment properties, rental properties, and multi-unit buildings all qualify for private mortgages based on property value and equity.
Do private lenders verify my income? Most private lenders don’t require income verification, tax returns, or employment confirmation. They focus on property equity and exit strategy.
What if my property needs repairs? Properties needing repairs can still qualify, though loan-to-value may be reduced and interest rates may be higher to reflect property condition.
Can I extend my private mortgage at maturity? Most private lenders offer term extensions or renewals, sometimes with reduced rates as you’ve demonstrated payment reliability.
How much equity do I need for a private mortgage? Minimum equity requirements are 15-25% depending on property location and type. More equity enables better rates and terms.
Are private mortgage payments monthly? Most private mortgages require monthly interest payments, though some lenders offer interest-only payments with principal due at maturity.
Can I pay off my private mortgage early? Many private mortgages are open or have minimal prepayment penalties, allowing early payoff when you secure conventional refinancing or sell the property.
Will a private mortgage affect my credit score? Private mortgages generally don’t report to credit bureaus, meaning they won’t harm credit. Making payments demonstrates financial responsibility for future conventional applications.
We arrange private mortgages for property owners across Ontario including Toronto, Ottawa, Mississauga, Brampton, Hamilton, London, Markham, Vaughan, Kitchener, Windsor, Burlington, Oakville, Oshawa, Barrie, St. Catharines, Cambridge, Kingston, Guelph, Sudbury, Thunder Bay, Peterborough, Niagara Falls, Waterloo, Brantford, Sarnia, and all communities throughout the province.
Facing credit challenges, bank declines, or time-sensitive financial needs? Contact us today for a free private mortgage consultation. We’ll evaluate your property equity, explain your options, and present multiple lender solutions with competitive rates and terms.
Call us now or complete our online inquiry form to speak with an experienced private mortgage specialist who understands Ontario’s private lending market. Get approved in 24-72 hours and funded within days—solving your financial challenges with fast, flexible private mortgage solutions.
Private Mortgage Specialists in Ontario | Bad Credit Approved | No Income Verification | Fast 24-72 Hour Approvals | Up to 85% LTV | Bridge Loans | Emergency Financing | Foreclosure Prevention | All Property Types
