SERVICE
Private mortgages in Ontario — bespoke lending.
When traditional lending paths close, private mortgages offer an alternative route. These equity-focused solutions serve clients whose circumstances don't fit conventional criteria.
FSRA LICENSED · MORTGAGE AGENT LEVEL 2 · ACROSS ONTARIO
Private lending is not a last resort — it is a different path, suited to different circumstances.
OVERVIEW
What distinguishes private mortgage lending?
Private mortgages are funded by individual investors or Mortgage Investment Corporations (MICs) rather than traditional banks or credit unions. These lenders evaluate opportunities primarily through an equity lens — the value of your property relative to the loan amount — rather than focusing exclusively on income documentation and credit scores. For borrowers across Toronto, Richmond Hill, and throughout Ontario whose situations don't align with bank criteria, private lending provides a viable path forward.
The circumstances that lead clients to private lending vary widely: self-employed income that's difficult to document conventionally, recent credit events that disqualify them from institutional lenders, time-sensitive transactions requiring faster closings than banks can accommodate, or unique properties that don't meet standard underwriting guidelines. What unites these scenarios is sufficient home equity to secure the loan.
As a Level 2 mortgage agent, I hold specific authorization to arrange private and syndicated mortgage transactions — a credential that reflects additional training and regulatory oversight. This matters because private lending involves nuances that require expertise: understanding rate structures, fee implications, and most importantly, developing clear exit strategies. A private mortgage should serve as a bridge to better options, not an indefinite arrangement.
CONSIDER THIS PATH IF
Is this right for you?
Self-employed with complex income
Your business generates substantial income, but documenting it in ways banks accept proves challenging.
Recent credit events
A bankruptcy, consumer proposal, or other credit issue disqualifies you from traditional lenders despite having recovered financially.
Time-sensitive transactions
You need to close quickly — perhaps on an investment opportunity or to prevent power of sale — faster than institutional timelines allow.
Unique property situations
Your property doesn't fit standard criteria: rural location, commercial component, unconventional construction.
Bridge to better financing
You need temporary financing while addressing the issues preventing conventional approval.
Investors requiring speed
You've identified an opportunity where rapid closing provides competitive advantage.
ADVANTAGES
Why this solution
Equity-focused approval
Private lenders emphasize your property's value over income documentation or credit scores. Sufficient equity can overcome factors that disqualify you elsewhere.
Rapid decision and closing
Without layers of institutional bureaucracy, private lenders can often approve within days and close within two weeks — critical for time-sensitive situations.
Flexible structuring
Terms can be customized to your situation: interest-only payments to preserve cash flow, shorter terms aligned with your exit strategy, or other accommodations.
Bridge to conventional lending
A well-structured private mortgage provides the time and stability to address whatever prevented bank approval, positioning you for better terms upon renewal.
HOW IT UNFOLDS
Your path forward
Situation assessment
We discuss what's driving you toward private lending, evaluate your property's equity position, and determine whether this path genuinely serves your interests.
Lender matching
I work with established private lenders and MICs whose terms and risk appetite align with your specific situation. Not all private lenders are equal.
Exit strategy development
Before proceeding, we establish a clear plan for transitioning out of the private mortgage — whether through refinancing, sale, or other means.
Closing and ongoing support
We coordinate rapid closing, then maintain communication throughout the term to execute your exit strategy successfully.
Decisions based on equity, not just income documentation
DOCUMENTATION
What to gather
- Government-issued photo ID
- Property appraisal (often arranged during process)
- Current mortgage statement (if refinancing)
- Property tax statement
- Home insurance confirmation
- Income documentation (extent varies by lender)
- Brief explanation of your situation and goals
- Exit strategy outline
- Title search (arranged during process)
- Independent legal advice confirmation
QUESTIONS
Frequently asked
ALSO CONSIDER
Related services
Ready to explore private mortgages?
Every situation is unique. Let's discuss your circumstances and find the right path forward together.
FSRA LICENSE M08009492 · TRIUMPH FINANCIAL · RICHMOND HILL