Private Mortgages
Flexible Short-Term Financing When Traditional Lenders Say No.
When banks and institutional lenders decline your application because of strict criteria, non-traditional income or credit challenges, a private mortgage can offer a practical short-term alternative. Whether you need fast funding to stop foreclosure proceedings, clear tax arrears or bridge a temporary financial gap, private lenders focus primarily on your property’s equity and a clear exit strategy rather than rigid income tests.
What Is a Private Mortgage?
A private mortgage is a short-term loan, typically for a one-year term and sometimes up to two or three years, funded by private individuals, syndicates or mortgage investment corporations (MICs) rather than banks, credit unions or other regulated institutional lenders. Because approval is based mainly on the equity and market value of your property rather than strict debt-service ratios, it can provide a fast and flexible solution for unique, complex or urgent situations.
Private financing costs more than bank or B-lender financing. Interest rates are higher, and lender and broker fees typically apply. That is why every private mortgage we arrange starts with a clear plan to move you back to lower-cost financing as soon as possible.
Benefits of Private Mortgages
- Fast approval and funding timelines, often closing within days rather than weeks or months.
- Flexible qualification criteria that prioritize home equity over traditional income verification or high credit scores.
- Practical solutions to help pay out mortgage arrears and stop foreclosure proceedings, or clear urgent tax arrears.
- Interest-only payment options available to minimize monthly cash-flow pressure during a financial transition.
- Opportunities to access capital for debt consolidation, property improvements, or emergency expenses.
- Acts as a short-term stepping stone while you stabilize your financial profile and prepare to return to prime lending.
Our Private Mortgage Solutions
Fast-Track Approvals & Funding
Secure urgent financing rapidly when you face tight deadlines, unexpected financial emergencies, or time-sensitive real estate opportunities.
Foreclosure Relief
If you are facing foreclosure, a private mortgage may allow you to pay out your arrears or refinance the existing mortgage before the court process concludes, protecting the equity you have built in your home.
Equity-Based Qualification
Qualify based primarily on your property’s market value and available equity, with more flexibility on income and credit than traditional lenders allow. Private lenders typically lend up to about 75%–80% of the property’s value, including any existing mortgages.
Tax & Judgment Arrears Resolution
Clear urgent property tax arrears, CRA debts, or legal judgments swiftly to restore stability and protect your home ownership.
Short-Term Bridge Financing
Access interim funds to cover the gap between purchasing a new property and the completion of your existing home’s sale, especially when your current home has not yet sold firm and institutional bridge financing isn’t available.
Personalized Exit Strategy Planning
Receive expert guidance and a structured, step-by-step plan to transition from private financing back to a conventional institutional lender over time.
