Private Mortgages in Ontario, British Columbia & Nova Scotia.
Equity Based Private Mortgage Lending.
Private Mortgage Solutions.
what is a Private Mortgage?
Residential, Commercial, Land & Construction Loans.
A private mortgage is a mortgage that is funded by a mortgage lender other than a bank, credit union or trust company. A private mortgage can be used to purchase, finance, build or access equity from residential, commercial, industrial, land or purpose-built real estate. Private mortgage financing provides homeowners, real estate investors and builders with an alternative financing option, regardless of being turned down elsewhere from institutional mortgage lenders.
When Is a Private Mortgage Required?
Fast & Flexible Private mortgage loans.
Unlike traditional mortgage lenders that must operate under rigid government prescribed mortgage underwriting guidelines and policies, including the ‘mortgage stress-test’, private mortgage lenders provide a very important role in the Canadian real estate market, a real estate market generally under-servicing the needs of those new to Canada, those that are self-employed, those establishing or rebuilding credit, purchasing, refinancing, building or accessing home equity from real estate in rural or remote locations, or those that have been turned down by their bank and or requiring a flexible approval. Our private Mortgage Brokers have underwritten and funded millions of dollars of Private mortgages and have witnessed nearly every possible reason as to why traditional lenders were unable or unwilling to provide mortgage approvals as a result of stringent underwriting guidelines with respect to the property location, property type, property zoning as well as the income and credit profiles of the applicants.
Private Mortgage Lenders.
Your Pathway to Low Rate Private Mortgages.
Generally speaking, there are two primary categories of private mortgage lenders that provide private mortgages in Canada:
Mortgage Investment Entity: A Mortgage Investment Corporation, for instance, is an example of a mortgage investment vehicle comprised of qualified investor capital that is deployed by the MIC Manager into private mortgage opportunities that meet the underwriting and loan criteria of the Mortgage Fund. MIE’s are typically well capitalized and specialize in specific mortgage programs ie: second mortgages, commercial mortgages, construction loans or equity lending.
Private Mortgage Investors: An example of a Private Mortgage Investor might be a High Net Worth Individual or a Family Office that provides private mortgage funds on an ‘case-by-case’ basis, in one or multiple individual private mortgages.
DV Capital Corporation provides homeowners, real estate investors, builders and developers with direct access to a vast network of private mortgage funds for residential, multi-family, commercial, mixed-use, industrial, land and construction financing requirements across Ontario, British Columbia and Nova Scotia.
Private Mortgage Brokers.
Private Mortgages Across Canada.
DV Capitals’ residential and commercial mortgage division is an excellent example of how private mortgage brokers operate. Oftentimes mortgage agents and brokers are accustomed to traditional lending guidelines and operate within the ‘check the box’ approach and are uncertain how to assist clients with their unique mortgage loan requirements. We specialize in reviewing, structuring and approving private mortgages for clients with no credit, bad credit, active or discharged consumer proposals and bankruptcies, fix-n-flips, spousal buyouts, mortgage arrears, property tax arrears, and CRA arrears and can stop a power of sale and assist a homeowner with foreclosure redemptions. We approve clients based on sufficient equity regardless of them being turned down elsewhere.
Private Mortgage Features.
1st, 2nd & 3rd Private Mortgages.
A private mortgage is often used as a short term financing facility for homeowners, builders, and developers. Therefore you can expect a private mortgage term to be in the neighbourhood of 3 to 24 months with the option to extend or renew the mortgage. Although private mortgages are usually interest-only due to the margin amount of principal pay-down over a short period of time, amortization options up to 40 years exist. In many cases, DV Capital can provide a ‘no-payment’ mortgage, also referred to as ‘prepaid interest’ or an ‘interest reserve’ by way of prepaying the interest for a number of months or for the entire term. Also, we are able to force a monthly payment by prepaying the difference of the actual payment, and an amount that best suits our clients budget and affordability.
Bad Credit Mortgages.
We can help.
Over the years we have seen credit profiles of every shape and size imaginable all with one thing in common – great potential. We understand that bad times happen to good people and believe in providing homeowners with a fresh slate and a second chance to move ahead. We work with clients with previous and active consumer proposals, credit counselling plans and bankruptcies. In addition, we work with individuals who are new to the country including foreign buyers and investors who either have zero established credit in Canada or very thin credit. With strategy, a DV Capital mortgage can help you build or rebuild your credit and help eliminate high interest debt struggles without succumbing to filing for a consumer proposal or a bankruptcy – you have other options.
Self Employed Mortgages.
Business for Self mortgages.
So, you made the decision that business ownership best suits your vision for freedom and success. Sadly, you may have learnt that it is difficult to obtain a mortgage if you are self-employed. Whether you are operating as a sole proprietor, a corporation or a partnership you will be required to provide a plethora of income documents, worst of all, you might not actually be able to formally verify your income to bank standards. Furthermore, your income, assets, liabilities, revenue, expenses, financial statements, tax returns and notice of assessments will be scrutinized with a fine-toothed comb. At DV Capital, we do it differently. We completely understand that your income might fluctuate seasonly or that you might not be able to verify all of your income using traditional methods. We provide flexible self employed mortgage programs for residential and commercial real estate owners, without the red-tape, including clients who own relatively new self-employed business and those who have overextended credit to support their business operations and expenses.
Private Mortgage Funds.
Private Mortgages in Ontario, British Columbia & Nova Scotia.
The majority of private mortgage lenders partake in residential mortgage lending given its relative ease to underwrite and raise investor capital, however, there are many private mortgage lenders that cater to many different asset classes, including multi-family, mixed-use, commercial, industrial, land, gas stations, hotel, motel, places of of worship (temple, church, mosque) and other purpose-built assets. Each respective private mortgage lender has a plethora of differing & specific underwriting requirements that truly requires an expert private mortgage broker to best help homeowners, real estate investors, builders and developers protect their time, resources and energy in procuring private mortgage funds. DV Capital works with an abundance of private mortgage lenders and investors that specialize in financing most property types, in most locations, for most borrower types, for most situations across Ontario, British Columbia & Nova Scotia. Contact us today to learn more.
Jumbo Mortgage Loans.
Mortgages for $1M - $20M +
A jumbo mortgage loan refers to a large-sized loan amount that is usually unobtainable by traditional mortgage lenders. Traditional mortgage lenders generally limit their total loan size, or implement a ‘sliding scale’ policy whereby the loan amount is reduced as the property value increases over a certain threshold. Other times, naturally, residential real estate owners are unable to qualify for traditional lending for a large loan amount as a result of the ‘mortgage stress test’. Similarly, real estate owners of income-producing real estate may not be able to debt service the large loan amount they require to traditional lenders standards. Given DV Capital’s large private mortgage network, a jumbo loan is a relatively easy order that can assist luxury homeowners, custom home builders, real estate investors and developers obtain financing from $1 million to over $20 million dollars across Ontario, British Columbia and Nova Scotia.
Mortgages for Remediated Grow Ops.
Mortgages for Cannabis Grow-Ops.
Due to the stigma associated with properties previously used as illegal grow operations, traditional mortgage lenders will often shy away from providing financing due to marketability concerns. Although appropriate environmental and structural inspections are possible to order and provide, many mortgage lenders will simply choose to avoid financing a property that was previously used as a cannabis grow operation even if it has been remediated to acceptable standards. DV Capital is able to provide mortgage approvals for properly remediated marijuana / cannabis grow operations in Ontario, British Columbia & Nova Scotia.
Rush & Emergency Mortgages.
same Day Mortgage Approvals.
DV Capital understands just how quickly a supposed ‘mortgage pre-approval or mortgage approval’ can turn out to be a misleading piece of paper that individuals rely on to enter into purchase contracts or wastes immense amounts of time and energy only to find out that ‘approval’ is meaningless. DV Capital specializes in same-day mortgage approvals and emergency mortgage with rush mortgage approvals for purchase financing, equity take outs, and time sensitive situations including mortgage arrears, property tax arrears, CRA arrears as well as stopping a power of sale and redeeming a foreclosure. Contact us for a same day, rush, emergency mortgage approval in Ontario, British Columbia and Nova Scotia.
Missed a Mortgage Payment?
If you are struggling with existing mortgage arrears it is important for you to know that DV Capital can help you. For over a decade we have been providing first, second, and third mortgages to residential and commercial property owners struggling with their mortgage payments. If you have an existing mortgage that is approaching the maturity date and have had late payments during the term you might not receive a renewal offer. Similarly, if you have had any late payments during the last 6 months of your existing mortgage and are planning to refinance to another lender, you might no longer qualify due to late payments, regardless of the reason. Even worse, having one or more late payment on your existing first and or second mortgage can lead to a stressful and costly process. We can stop mortgage arrears by helping you bring an existing mortgage up to date, or replacing a mortgage that is currently in arrears or not. being renewed because of mortgage arrears and missed or late mortgage payments during the term. Ultimately, mortgage arrears can lead to a power of sale or foreclosure which can erode your home equity and lead to your home being sold – DV Capital has immense experience helping real estate owners with their mortgage arrears across Ontario, British Columbia and Nova Scotia.
Private mortgage Rates.
Canada Private Mortgage Lenders.
DV Capital is active and experienced in the private mortgage market. A marketplace often overlooked by traditional lenders due to the income and credit profile of the borrower or the location and condition of the real estate asset. Private mortgage companies in Canada exist to provide alternative mortgage options for purchasers and owners of real estate that cannot ‘fit the box’ with traditional lenders. As such, private mortgage lenders demand an interest rate that provides an appropriate return that satisfies the level of perceived risk. Pricing is typically based on the property type, location, loan purpose, as well as the income and credit profile of the borrower. DV Capital maintains relationship with a network of private mortgage lenders and private mortgage investors including mortgage investment corporations (MIC), family offices and high net worth individuals. We invite you to contact us for a complimentary assessment and private mortgage quote and private mortgage approval for your residential, commercial, land and construction financing requirements in Ontario, British Columbia and Nova Scotia.
Private Mortgage Benefits.
Transparency is key.
- First, second, and third private mortgages.
- Higher loan-to-values up to and above 85%.
- Equity based private mortgage approvals.
- Flexible income and credit requirements.
- No mortgage stress-test.
- Prepay or customize your mortgage payment.
- Same day private mortgage approvals.
- Access to the best private mortgage lenders.
- Rush and emergency mortgage approvals.
- Mortgages for self-employed individuals.
- Replace a non-renewing mortgage.
- Bring mortgage arrears up to date.
- Bring property taxes up to date.
- Stop a power of sale.
- Redeem a foreclosure.
- Business operating capital.
- Divorce and spousal buyout financing.
- & more.
Private Mortgage Property Types.
private mortgages for most property types:
- Detached & Semi Detached Real Estate
- Low, Mid & High-Rise Condos & Stratas
- Luxury Homes
- Custom Home Construction
- Multi Family Real Estate
- Mixed-Use Real Estate
- Commercial Real Estate
- Industrial Real Estate
- Hotel & Motel (Hospitality Assets)
- Places of Worship (ie. Church, Mosque, Temple)
- Purpose-Built Real Estate
- Retail Offices & Plazas
- Medical Facility Mortgages
- Storage Facility Mortgages
- Parking Lot Mortgages
- Condo Hotel Mortgages (Four Seasons, Shangri-La, Bisha etc)
- & more.