Private Mortgage Lenders in Canada: MICs and Private Lenders Compared
Private mortgage lenders and mortgage investment corporations lend on the equity in the property first and the borrower second: short terms, higher rates, lender fees, and speed. Right for a genuinely temporary problem and wrong as a destination — every profile here says which is which.
Private Mortgage Lenders in Canada
Align Mortgage Corporation
Private MICOntario
Ontario borrowers whose credit or debt ratios rule out a bank, and who can document how the mortgage will eventually be repaid.
Alta West Capital
Private MICAlberta
Self-employed people, borrowers with impaired or rebuilding credit, and property investors who cannot meet a bank's qualification standards.
Antrim Investments
Private MICBritish Columbia
Homeowners with substantial equity who cannot document income or pass debt-servicing tests at a bank and need funding quickly.
Armada Mortgage Corporation
Private MICBritish Columbia
Builders, small developers and homeowners needing equity-based, construction or land financing in British Columbia, Alberta or Ontario through a broker.
Atrium Mortgage Investment Corporation
Private MICListed TSX: AIOntario
Self-employed owners, newcomers to Canada and property investors who need a short-term residential mortgage a bank will not write.
Calvert Home Mortgage Investment Corporation
Private MICAlberta
Alberta and Ontario property investors, self-employed owners and credit-rebuilding borrowers who need short-term financing arranged quickly.
Cambridge Mortgage Investment Corporation
Private MICBritish Columbia
Borrowers in eligible British Columbia, Alberta and Ontario communities needing short-term residential, construction or land financing through a broker.
Capital West Mortgage Inc.
Private MICBritish Columbia
Lower Mainland and urban British Columbia owners who cannot get conventional financing and have enough equity for a 75 percent loan.
CMI Canadian Mortgages Inc.
Private MICOntario · CMI Financial Group
Borrowers anywhere in Canada with damaged credit, variable income or a recent job or immigration change needing short-term financing.
Cove Mortgage Ltd.
Private MICBritish Columbia
British Columbia homeowners with equity who do not meet bank criteria, including self-employed people and those needing bridge financing.
Dependable Mortgage Solutions Corp.
PrivateCanada
Alberta homeowners, self-employed borrowers and property investors who need private financing quickly or fall outside bank and B-lender rules.
Farm Lending Canada
Private MICAgricultural On this week's rate boardOntario · JV of AgriRoots Capital Management Inc. and FamilyLending.ca Inc.
Farmers, agribusinesses and rural property owners whose financing does not fit conventional lenders or Farm Credit Canada.
Gentai Capital
Private MICBritish Columbia
Owners, developers or investors in BC, Alberta or Ontario with real estate equity who need short-term financing outside bank guidelines.
Interior Equities
Private MICBritish Columbia
Okanagan-area owners with meaningful equity who need short-term financing quickly after a bank or credit union has declined them.
Lendfinity
PrivateOntario
Ontario borrowers with property equity who need private or bridge financing and will ask directly for terms the company does not publish.
Lendmax Capital MIC
Private MICCanada
Borrowers in Ontario, BC or Alberta with non-traditional income who need a first or second mortgage outside bank qualification standards.
Liahona MIC
Private MICOntario · Liahona Capital Inc.
Ontario owners and buyers, including in rural areas and on cottage or waterfront property, needing a short-term private mortgage.
M12 Capital MIC
Private MICOntario · M12 Mortgages Ltd.
Ontario borrowers who do not qualify with a conventional bank and need a first or second mortgage, residential or commercial.
Magenta Capital Corporation
Private MICOntario
Ontario homeowners, particularly outside the largest cities, needing a first or second residential mortgage without conventional income documentation.
Magnum Mortgage Corp
PrivateAlberta
Albertans outside bank guidelines, including the self-employed, people with damaged credit, newcomers and investors needing short-term money.
Metropointe Mortgage Investment Corporation (MMIC)
Private MICCanada
British Columbia owners, builders and developers needing short-term or transitional financing, or equity taken out of an existing property.
Neighbourhood Holding Company Ltd.
Private MIC On this week's rate boardBritish Columbia
Homeowners temporarily outside bank guidelines through self-employment, separation, an estate or a pending sale, needing short-term interest-only financing.
New Haven Mortgage Corporation
Private MICOntario
Ontario borrowers with equity in a marketable property whose income documents or credit score will not satisfy conventional lenders.
Ninth Avenue Capital
PrivateCanada
Commercial borrowers needing at least ten million dollars, and British Columbia urban residential borrowers outside conventional lender criteria.
Oppono Lending Company
PrivateOntario
Ontario homeowners with equity in their property who cannot pass a bank's income and credit tests.
PHL Capital Corp.
Private MICBritish Columbia
Owners and buyers in British Columbia, Alberta or Ontario whose credit or income does not meet bank standards but who have equity.
Pioneer West Acceptance Corporation
Private MICBritish Columbia
Borrowers in British Columbia or Alberta needing short-term, equity-based financing outside bank criteria, including builders and owners of rural or agricultural property.
Privan Capital Inc.
PrivateCanada
British Columbia or Alberta owners with property equity whose credit, income or timing does not fit traditional lending guidelines.
Reliable Mortgages
Private MICBritish Columbia
Lower Mainland owners with damaged credit or unusual property types who want open financing with no prepayment penalty.
Renfi Capital Inc
Private Consumer directCanada
Ontario homeowners who want to borrow against their home online for renovations or to consolidate debt.
RESCO Mortgage Investment Corporation
Private MICOntario
Ontario homeowners with equity who need short-term residential financing and have credit problems, including a past bankruptcy or consumer proposal.
Richview Capital MIC Inc.
Private MICOntario
Ontario owners, builders and investors needing short-term first or second mortgage financing, including construction, bridge, land and commercial deals.
Sequence Capital
Private MICMIC status unconfirmedCanada
Homeowners considering equity-based private financing, though almost nothing about the company is publicly confirmed and would need checking first.
Shelter Lending
PrivateBritish Columbia
Borrowers in BC, Alberta or Manitoba with unverified income, bruised credit or CRA arrears who need residential financing outside the banks.
Solidity Group
Private MICOntario
Owners of homes, farms or investment property in small town and rural Ontario who need private financing outside the banks.
Tembo Financial
PrivateOntario
Ontario homeowners needing short-term financing against their property, such as bridging, renovation, debt consolidation or stopping a power of sale.
Three Point Capital
Private MICBritish Columbia
Owners with real equity and capacity to pay who fall outside bank guidelines and need a one to two year mortgage.
Unimor Capital Corporation
PrivateOntario
Borrowers in Windsor-Essex and southwestern Ontario needing residential, commercial, farm or land financing, privately funded or placed with an institutional lender.
Versa Platinum Financial Corp
Private MICBritish Columbia
Lower Mainland buyers, owners, investors or developers who have been declined by A and B lenders, or who need funding quickly.
VWR Capital Corp.
PrivateBritish Columbia
Owners of marketable urban or suburban homes who hold equity but lack the income documents or credit history a bank requires.
Private mortgage lenders by province
Where each lender is based. Lending areas are wider than head offices — confirm coverage with the lender or a broker.
Other kinds of lender
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Private Mortgage Lenders questions
What is a private mortgage lender?
An individual, a company or a mortgage investment corporation (MIC) lending its own or its investors' capital against real estate, outside the bank and monoline system. Qualification is by appraisal and loan-to-value rather than income and credit.
What do private mortgage lenders charge?
Rates typically run several points above the prime board, plus a lender fee and a broker fee, each usually 1% to 2% of the loan. The RateShop private boards publish current 1st and 2nd private mortgage rates by loan-to-value.
How do I find private mortgage lenders in Ontario?
Most private lenders and MICs in this directory lend in Ontario; each profile shows where the lender is based and what it lends on. A licensed broker who places private files weekly will know which one fits a given property and exit plan.
Which private lender will take your file?
When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.
