We specialize in private mortgages and second mortgages across Toronto and the GTA - fast equity-based approvals for bad credit, self-employed, arrears, and power of sale files, with 60+ lenders behind us and a clear exit back to bank financing.
Specializing in Private Mortgages & Fast Alternative Approvals
Bad credit, self-employed, or turned down by big banks? Private solutions available with same-week funding options.
Our core practice is private mortgage and second mortgage lending in Toronto: equity-based deals the banks pass on. We also run full residential, commercial, construction, refinance, and reverse mortgage desks, so if a bank or credit union can beat a private solution for you, we will place it there instead.
Equity-based first and second mortgages funded by private lenders when the bank says no or the closing date will not wait.
Borrow against the equity in your Toronto home without touching or breaking the first mortgage you already have.
Pre-approvals, purchases, renewals, refinances, and equity take-outs for houses and condos across the GTA - including self-employed and newcomer files.
Multi-residential, retail, office, industrial, land, and construction financing - placed with banks, credit unions, CMHC programs, and private capital.
Draw-based construction loans and bridge facilities for residential, multi-unit, and small commercial builds across the GTA - from permits through to takeout.
Yes, we do reverse mortgages. Turn Toronto home equity into tax-free cash with no required monthly mortgage payment, while you keep ownership and stay in your home.
Replace your existing mortgage to consolidate debt, pull equity out, or lower the monthly payment - with the penalty math done first.
A private mortgage is a loan registered against your property and funded by a private lender, a mortgage investment corporation, or an individual investor rather than a bank. The approval turns on the real estate itself: how much equity sits behind the loan, how marketable the property is, and how the mortgage will be repaid at the end of the term. Income documents and credit score still get looked at, but they do not decide the file the way they do at a chartered bank.
That is why private lending has become such a common tool in Toronto and the GTA. Self-employed owners who write income down, newcomers and work permit holders without Canadian credit history, homeowners who fell behind after a job change, investors past the number of properties a bank will finance, and buyers staring down a firm closing date all end up in the same place: the deal makes sense, but it does not fit the stress test. A private lender can look at the same file and fund it in days.
Loan-to-value is the first number. Most private first mortgages sit up to roughly 75 to 80 percent of appraised value, and a first plus second combined can reach 85 to 90 percent on strong urban properties. Location matters: a semi in East York or a condo downtown is easier to fund than acreage two hours out. After that it is the exit - selling, refinancing to a B lender, or repairing credit and returning to a bank.
Private money prices above bank money. Expect a higher interest rate plus a lender fee and a brokerage fee, along with legal and appraisal costs. Terms are usually interest-only for six to twenty-four months, which keeps the monthly payment manageable while the underlying problem gets solved. Independent legal advice is part of the process and it exists to protect you. We put the full cost in writing before you sign anything.
It is the right call when the cost of not closing is bigger than the cost of the money: stopping a power of sale, saving a deposit on a purchase, clearing property tax arrears, consolidating credit cards charging far more than a mortgage does, or funding a renovation that lifts the value of the home. It is the wrong call as a permanent solution. Used properly it is a bridge with a date on it, and the plan to get off that bridge is written before you get on.
All mortgages are subject to lender approval and property qualification. Rates, amounts, and loan-to-value limits vary by lender, property type, and location.
A second mortgage is a separate loan registered behind the mortgage you already have, secured by the equity built up in your home. Your first mortgage stays exactly where it is - same rate, same term, no penalty to break it - and the new lender simply takes second position on title. The money comes as a lump sum at closing.
For Toronto homeowners this is often the fastest way to turn appreciation into usable cash. Approval hinges on the property and the equity behind it rather than on passing the stress test, which is why second mortgages work for self-employed owners, people with bruised credit or collections, and homeowners who have fallen behind on payments or property taxes.
Lenders measure combined loan-to-value: the first mortgage plus the new second, divided by the value of the home. Most work to roughly 80 percent in Toronto and the GTA, with 85 to 90 percent available on the strongest urban properties. On a $1,000,000 home with $600,000 owing, an 80 percent limit leaves room for a second mortgage of about $200,000.
Consolidating credit cards and high-interest loans into one secured payment, clearing mortgage or tax arrears, stopping a power of sale, funding a renovation or a basement suite, covering a down payment on a rental, injecting working capital into a business, paying tuition, or bridging between two closing dates.
Because the lender sits behind your first mortgage, a second prices higher and usually carries a lender fee and a brokerage fee plus legal and appraisal costs. Terms are typically six to twenty-four months and often interest-only, so the payment stays manageable while you fix the underlying issue. It should be a bridge to a cleaner refinance, not a permanent arrangement - and we write the exit plan before you sign.
All mortgages are subject to lender approval and property qualification. Amounts and loan-to-value limits vary by lender, property type, and location.
A short conversation about the property, your timeline, and what you want the financing to do.
We take your file to the lenders most likely to say yes on terms that actually suit you.
We coordinate with your lawyer, realtor, and lender straight through to funding day.
No cost, no obligation, and no credit pull to start the conversation. Tell us what you're working on and we'll tell you what's realistic.
Big banks, credit unions, monolines, and private lenders - compared side by side for your file.
We know how GTA zoning, condo status certificates, and rent rolls get read by Canadian lenders.
Financing is one piece of a move. These are the Toronto and GTA services we work alongside every week.
We work with private investors and 300+ private lenders across Toronto and the GTA. Call or text (647) 342-1355 for a fast, free quote - no cost and no obligation.
*Conditions apply*
Special offer
HELOC up to 80% - 90% LTV
Special offer
Pre-construction purchases
B lenders and private lenders that lend on the current market value or appraised value of the property - not the purchase price.
