A private lender is an individual or non-institutional entity that provides mortgage financing to Canadian real estate investors, typically offering faster approval and more flexible terms than traditional banks but usually at higher interest rates and shorter loan terms. Private lenders are commonly used by investors for bridge financing, properties that don't qualify for conventional mortgages, or situations requiring quick capital.
Related Articles
- A-Lender vs B-Lender vs Private Lender: Which Fits Your Deal?
Compare A-lenders, B-lenders, and private lenders for investment mortgages. Rates, qualification criteria, and when to use each in Canada.
- Bad Credit? Here's How to Still Buy Investment Properties
Discover how Canadian investors with bad credit can still buy rental properties using B lenders, private loans, and commercial financing.
← Mortgage & Real Estate Glossary 2026 · Editorial standards