15+ Best Real Estate Private Mortgage Lenders in Toronto & GTA
Tired of playing the waiting game with traditional lenders? The best real estate private mortgage lenders in Toronto and GTA don’t believe in making you watch paint dry. Lightning-fast approvals mean you can swoop in and claim that dream condo before someone else even opens their email.
Worried your credit score is holding you back from the keys to your dream pad? We’ll introduce you to private lending companies that often focus on the property’s value rather than your credit report.
1. Mortgage Broker Store
Mortgage Broker Store excels in offering competitive low-interest rates on real estate mortgages throughout Toronto and Ontario. With a focus on private mortgages and home equity loans, they are well-versed in addressing financial challenges, including preventing foreclosures and power of sales.
2. BSM Mortgages
Providing clients with competitive rates and fees for their loans, BSM Mortgages delivers financial solutions that align with the unique needs of their clients. They’re dedicated to helping customers secure approval for the best mortgage rates, even when traditional banks have previously turned them away.
3. Morcan Financial Inc.
At Morcan Financial Inc., they boast an extensive array of the best real estate private mortgage lenders in Toronto, all prepared to grant approvals for higher-risk real estate mortgages. Furthermore, they can fund private mortgages using their dedicated private lending division.
4. Expert Mortgage
You can trust Expert Mortgage to secure the home equity loan you need, complete with the lowest possible interest rates. Regardless of your financial circumstances, be it no proof of income, low income, or a history of bankruptcy and bad credit scores, they’re dedicated to offering assistance.
5. Ushjo Enterprises
Offering private mortgage financing for diverse commercial and residential real estate projects, Ushjo Enterprises is a comprehensive solution for real estate financing and alternative investments. Their expertise includes site acquisition, development site servicing, bridge financing, and equity take-outs.
6. Vector Financial Services Limited
Vector Financial is where the interests of capital and entrepreneurs align seamlessly. With a thoughtfully curated portfolio of high-quality investment opportunities, they’ve consistently delivered an impressive 7 – 9% annual return to investors over the last seven years.
7. Strive
Strive is a reputable lender specializing in Canadian residential mortgages, recognized for its steadfast commitment to providing outstanding customer service to its clients. Once they assess your mortgage needs, they’ll identify and secure the best options available at the most favorable rates. Moreover, they pride themselves on offering straightforward transactions without hidden fees or meanings.
8. Marathon Mortgage
Recognized as one of Ontario’s premier private lending companies, Marathon Mortgage ensures a positive, stress-free, and transparent experience for every client. They aim to establish a strong presence in the mortgage market by widely distributing and promoting competitively priced mortgage products while ensuring an exceptional customer service experience.
9. New Haven Mortgage
Established in 1994, New Haven Mortgage is an experienced private mortgage lender dedicated to delivering top-tier home mortgage lending services throughout Toronto, the GTA, and across Ontario. Their ultimate goal is to offer clients a swift and seamless mortgage loan process.
10. MCAN Home
For borrowers seeking more flexible lending criteria, MCAN Home could be an ideal choice. They cater to individuals with lower credit scores, the self-employed, and multi-unit real estate investors. As a non-chartered bank, they offer more lenient credit score and debt service ratio guidelines, providing a flexible and accommodating approach to financing.
11. Hensey Financial Inc.
As your direct gateway to Private Mortgages Ontario-wide, Hensey Financial Inc. caters to residential and commercial needs for 1st or 2nd mortgages. Their investors adopt a common-sense approach to mortgage requests, ensuring timely funding for deals of varying sizes.
12. Cannect Home Financing
Cannect Home Financing offers various home financing services, including competitive rates for short-term CannectFlex home loans, mortgage refinancing, new mortgages, and more. Regardless of your credit or income, you can benefit from the best loan rates, as their services are specifically designed to provide financial flexibility.
13. DV Capitals
DV Capitals is a trusted name in the comprehensive review, structuring, and approval of private mortgages. Clients with diverse financial backgrounds, including those with no credit, bad credit, active or discharged consumer proposals, and bankruptcies, find tailored solutions with them.
14. Tribecca Finance Corporation
As the direct lender, Tribecca offers swift access to funds with the added advantage of securing the lowest interest rates available in the alternative lending market. What sets them apart is their commitment to client success and ability to provide approval based on sufficient equity, even in cases where others may have declined.
15. Corwin Mortgage Capital Inc.
Corwin Mortgage Capital Inc. prioritizes efficiency by issuing most commitments within 24 hours and maintaining a policy of only accepting deals they can confidently fund. As a direct lender, they make all decisions in-house, eliminating the need to rely on external investors for funding.
16. The Mortgage Maven Inc.
The Mortgage Maven Inc. stands out for its commitment to efficiency and ability to navigate challenges seamlessly, ensuring that clients receive the financial support they urgently need without unnecessary delays. Also, they consider themselves the fastest providers of funds to their clients.
Traditional lenders can be a bureaucratic maze. But these best real estate private mortgage lenders in Toronto cut through the red tape like a hot knife through butter. Less paperwork, fewer hoops to jump through – just a smooth ride to homeownership.
