When banks decline or need more time than your deal allows, private mortgage financing can bridge the gap. LendCity™ is a licensed mortgage brokerage — we match borrower files to private lenders; we do not invent rates or guarantee approval.
Private mortgages are short-term, asset-focused loans secured by Canadian real estate. They suit bridge needs, renovations, credit recovery, and time-sensitive purchases — not every file, and not as a permanent substitute for bank debt.
Private lenders can move faster than institutional credit committees when the property, equity, and exit strategy support the ask. Timeline depends on appraisal, title, and documentation — not a promised close date.
First-position private mortgages sit ahead of other charges. Second mortgages sit behind an existing first and carry more risk for the lender, which usually means tighter terms and higher cost for the borrower.
Private underwriting weighs equity (LTV), property type, borrower experience, credit context, and a credible exit. Income still matters on many files, but asset strength and exit clarity often drive the decision.
Most private mortgages are temporary. Expect a planned exit via refinance to an A/B lender, CMHC where eligible, DSCR product, or property sale — discussed before funding, not after.
Private rates and lender fees vary by risk, LTV, priority, and term. Brokerage fees may also apply. We discuss ranges for your file on a financing call — this page does not publish a promised rate.
LendCity™ Mortgages arranges financing as a licensed brokerage. We present lender options, coordinate underwriting, and help structure the exit. The lender funds the mortgage; approval is never guaranteed.
Private mortgages solve specific timing and credit gaps. They are more expensive than bank debt and should be sized to a real exit.
Bridge private mortgages fund a purchase or cash need while you complete renovations, lease-up, or a conventional refinance. Terms are typically months, not decades.
First-position private mortgages are registered ahead of other charges. Lenders focus on LTV, property marketability, and exit. Stronger equity usually improves pricing and leverage options.
Second mortgages access remaining equity behind a first charge. Cost and leverage are typically less favourable than first position because recovery sits behind the senior lender.
Private refinance can replace a maturing mortgage, consolidate pressure, or buy time to qualify for an A/B or insured product. It is a bridge to a better long-term structure — not the destination.
Private capital can fund acquisition plus renovation when the after-repair value and contractor plan support the loan. Draws and inspections often apply. See also flip and hard-money programs when ARV is the core story.
Self-employed income, recent credit events, or complex entity structures can stall bank files. Private lenders may still proceed when equity and exit are strong — at a price that reflects the risk.
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Everything you need to know about when private mortgage financing fits.
Apply online or book a financing call to review position, costs, and exit strategy.
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