review-starsFIVE STAR CUSTOMER SERVICE!
telephone +1 866 921 8890

Maybe your credit score has taken a slight ding in the past or the idea is just considered too radical or risky by traditional financing institutions.
Whatever the reason may be, you might not be ready to give up on your dream just yet! However, you need the upfront investment to make it happen. Lucky for you, there is still an avenue open to you in Canada: Private mortgage lenders.

What is a private mortgage lender?

A private mortgage lender is an individual, group of people or business that do not form part of traditional financing institutions, such as banks, and wish to invest their on-hand money in short-term loans to make a profit. These loans are made on property like residential or commercial properties.
As private lenders, they have their own requirements toward both the borrower and the investment. A private lender tends to put more importance on the investment opportunity itself than the borrower’s credit history.
This makes them more open to a whole diaspora of new borrowers and investments that would get rejected out of hand by banks or other financial institutions. Although they also usually only invest in a certain area local to their own.

Call Us Today +1 866 921 8890

Questions? We’re here to help!

img

Fund a TD Mortgage and You Can Get up to $2500 with a Purchase!

To learn more
contact us

You have question. We are here to help!

or

How to find a good private mortgage lender for you

Private mortgage lenders are inherently slightly more riskier than traditional lenders or banks so you are well within your right to ask how you separate the good from the bad. Here are a few things you should keep in mind when looking for the best private mortgage lender for you:

  • 1. Previous customers: A reputable private mortgage broker won’t mind displaying previous customer feedback. You can also search for customer opinions on forums, etc.
  • 2. Brokers: Brokers are industry-insiders that often know of and have access to private mortgage brokers that aren’t as easy to find and who they only reveal to customers with specific needs.
  • 3. Location: Most private mortgage lenders only operate in certain areas close to their own. Make sure that the private mortgage lender is based near the property in question or that they work in that area before wasting everyone’s time.
  • 4. Industry: Many private mortgage lenders prefer to work within a certain industry. You might still be able to finance through them but you would probably have a better chance and better rates at one within your field.
  • 5. Private mortgage lending sites: There are many sites online that collate private mortgage lenders and allow you to easily find many in one place, such as Private Money Lending Guide.

Private mortgage lenders in Canada

Here are some reputable and established private mortgage lenders you can use to get you started. As you can see from the list above, private mortgages lenders aren’t always a one-glove-fits-all solution, so you should always look around with your unique situation in mind.

  • Canadian Mortgages Inc: They service Manitoba, Ontario, British Columbia, and Alberta. Their market focus is one residential property such as single or multi-family homes.
  • Alta West Capital: The service Alberta, British Columbia, and Ontario and their market focus is on owner-occupied residential and investment properties.
  • Caplink: They operate in Saskatchewan, Alberta, and British Columbia and their market focus is on almost any type of property investment.

Google Reviews

Certified Mortgage Brokers
powered by
Afton Jaskolski
2020-12-30

Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!

Davin Mills
2020-12-26

There are a lot of mortgage brokers in toronto to choose from, I was a bit intimidated by that. Don't regret I picked CMB, they took the lead and made sure to cover all the bases

Tracy Wilhoite
2020-11-21

I was renting an apartment for a long time and finally decided to take a big step - get a mortgage instead. Team at certified Mortgage Brokers laid out various options for me. The actual process went smooth and quick, happy with my new home.

Ryder Turcotte
2020-11-16

My wife and I decided to refinance our mortgage and started looking for a mortgage broker in Toronto. There were so many options, so you can imagine how overwhelmed we got! After talking to Leon we decided to proceed with Certified, didn't regret that decision once. They always gave useful recommendations, were attentive, and constantly in touch. And most importantly (for us) they helped us to save some money!!

Lucy Zimmerman
2020-11-11

Vita was great. Helped my son with all the paperwork and got him very good interest rate. On the closing date called to follow up if everything went fine. Quite a pleasant experience. I would recommend this firm for anyone who is looking a mortgage broker.

Contact Us