Whitby private mortgage financing can be secured for broad array of commercial and real estate property in the Whitby and surrounding area.
Like institutional lenders, private mortgage lenders each have their own areas of interest and expertise, so its also unlikely that any one private lender is going to be interested in every potential deal that gets put in front of them.
Things like type of property, financing amount, security position, and so on will dictate a lenders interest. Private lenders as individuals will also alter their funding criteria according to the amount of funds they have available to put into the market at a given point in time. Which also means that at certain times an individual private lender may be out of the lending market completely if all available funds have been advanced.
Regardless of the type of private mortgage lender you may be speaking with, one of the key elements to a potential mortgage scenario that will be very important to all of them is the exit strategy that will repay the private mortgage which is typically one year in duration.
Whitby private mortgages are also going to vary in interest rate charged according to a variety of factors. Just keep in mind that even in the private mortgage lending market, interest rates are still tied to risk and as the risk to the lender goes up so will the cost of borrowing.
Private mortgage financing can be used in situations of distress, growth, and transition where the amount of capital may only be required for a short period of time and does not justify the time and expense of going through a long institutional financing process to save a few dollars in interest cost.
But the real key to locating and securing Whitby private mortgage lending options that address your needs is to work with a mortgage broker that not only has a focus on private mortgage funding, but also has direct access to private lending sources that service the Whitby area.
Too often mortgage brokers claim to represent private mortgage lenders when in fact they may be two or three steps removed from the actual source of financing, causing delays in the process and potentially having your deal being matched up to a less than optimal lending source.
If you’re in need of a Whitby private mortgage, I suggest that you give me a call so I can quickly assess your requirements and provide relevant local private mortgage financing options for your immediate consideration.
King City Private Mortgage loans for commercial real estate and residential real estate can be located and secured quickly for such things as fast closings, construction loans, and mortgage refinancing scenarios.
Private mortgages are available from bare land real estate through to larger commercial or residential properties or property developments. While good lending value is going to be key for any mortgage lender, the exit strategy to pay out the loan is very important to private lenders due to the fact that the mortgage term is typically only for one year. So the stronger your exit strategy to repay the mortgage in full, the more likely it will be for a King City private mortgage to be put into place.
When I say that a mortgage can be put into place quickly, in the mortgage real estate world quick or fast would be two to 5 business days. Any time period that is shorter is not realistic to locate and secure a private mortgage commitment.
Fast closings are typically required for real estate purchases where there is short period of time to work with. The other very common requirement for a quick close mortgage is for a construction bridge loan where there is a relatively small amount of financing required at the end of a construction project to complete the work and if funds are not available in a matter of days, the project will stall out and generate additional costs or worse for the property owner.
The most common type of private mortgage is a second mortgage on either residential or commercial real estate where the borrower does not want to refinance the first mortgage either because it will trigger significant prepayment penalties or because the added funds acquired via the private second mortgage will be paid back to the lender in one year or less from a future planned source of incremental cash flow.
If you’re in need of a King City private mortgage loan, I suggest that you give me a call so I can quickly assess your requirements and provide private mortgage options that meet your requirements within the time you have to work with.
A St. Catharines private mortgage loan can be both a primary and secondary lending choice depending on the situation. Many people view a private real estate loan as more of a last resort form of financing, but again, depending on the financing scenario, the private mortgage can be a preferred mortgage financing option.
This is very true in the world of construction financing where the majority of construction loans for single family dwelling builds come from private mortgage sources. There are a lot of different reasons for this that can again very from borrower to borrower, but for the most part the key decision making criteria is speed and convenience versus the cheaper, but slower moving, and more administratively intensive bank mortgage.
St. Catharines private mortgages can be put into place for a variety of purposes aside from construction including real estate acquisition, refinancing, and debt consolidation.
Most private mortgages are located and secured through mortgage brokers that have a focus towards private lenders and have established relationships with private mortgage sources that service the area. This is due to the fact that most private lenders do not directly source their own deals and prefer to work with individual mortgage brokers or through a mortgage broker network.
As a result, it’s important to be working with a private mortgage broker that can source and close the type of private mortgage funding you’re looking for.
And getting back to the type of private property loan offers potentially available, you may be surprised in what we can come up with. Like any type of financing, the higher the risk, the higher the interest rate and related fees. So in distressed situations where debt consolidation is required and there still isn’t a strong future cash flow in place to repay the debt, private mortgage rates are going to be fairly high.
But on lower risk deals, especially commercial property, where the funds are only required for one or two years, the interest rates associated with these types of commercial mortgages can be very close to institutional rates in some cases.
If you need a St. Catharines private mortgage for a residential or commercial real estate property, regardless of the purpose, I suggest that you give me a call so I can quickly assess your situation and provide relevant private mortgage options for your immediate consideration.
Pickering private mortgages can be placed for a large number of residential and commercial purposes, including real estate purchase, construction financing, and mortgage refinancing or renew.
While there are private lending sources that are organized into their own mortgage investment corporations that market directly to the public, most private mortgage sources still work through the mortgage broker network to locate and place their money.
So if you’re in need of a Pickering private mortgage, the best way to access the funds you’re looking for is through an established private mortgage broker that has direct access to private lending sources.
This last point is key as most brokers will claim to have access to private money and while that statement is likely true, there can be two or more degrees of separation between the mortgage broker and the actual source of financing. What this means is that a broker may need to work through one or more other brokers to gain access to a private lender. This can not only slow down the process but end up presenting your deal to someone who is not a good fit for your deal or can’t provide for your requirements.
Just like banks and other institutional lenders, private mortgage lenders have their own criteria for funding including the type of property, location, amount of financing, exact purpose, etc. So its important to make sure that you’re actually applying to a source of private funds that can actually help you or the process could be a lot longer than it needs to be. And if you are pressed for time on a closing or refinancing, time can be very limited to you want to make sure whatever you’re looking at has a good probability of success going in.
Property loans from private sources can also have a significant variation in the cost of financing which is another reason why its important to work with a Pickering private mortgage broker who has good access to the local market, especially when you’re pressed for time.
If you need Pickering private mortgage financing, give me a call so I can quickly assess your requirements and provide private mortgage options for you to consider right away.
Niagara Falls private mortgage financing options are available from both local and regional private mortgage lenders.
Private mortgages range from $20,000 to several million dollars with each piece of real estate or real estate parcel assessed on its own merits by interested lenders.
With private lending, the main concern that lenders will have is the exit strategy to repay the loan and the strength of the resale market for similar or like properties in the area. If both of these aspects are strong, then its very likely that there will be private mortgage options available for your property.
Niagra Falls private mortgage lending sources will also each have somewhat of a focus on the type of project or financing application you’re looking at. For instance, some private lenders will only consider construction projects while others will prefer to only lend on residential second mortgages.
Therefore, its important to be talking with a private mortgage lender that will be highly interested in your deal and will be a good match for your particular financing requirements.
This is the main reason why it makes a great deal of sense to work with a mortgage broker who has good access to a broad cross section of private money lending sources in your area.
While most mortgage brokers will claim to have access to private funds, many times that access is through another broker where there could be two or three degrees of separation between you and the actual lending source. And even where these loose connections exist, there is no real guarantee that the private lending source that ends up looking at the deal will have any interest in it at all.
Mortgage brokers that have a focus in private mortgages will have direct lender relationships and will also understand the types of deals each lender is looking for as well as the manner in which they make their financing decisions. And because private lenders, for the most part, work through broker networks, it can become a necessary step to work with a mortgage broker to locate a source of private mortgage financing for your particular project.
If you’re trying to locate Niagara Falls private mortgage lenders, give me a call so I can quickly assess your requirements and provide relevant private mortgage options for your consideration.
An Ottawa private mortgage can be utilized for a number of different purposes. While many people would think that a private mortgage is a loan of last resort or a form of hard money, there are several instances where a private mortgage loan is a preferred form of mortgage financing.
Here are some examples.
Fast Mortgage Closing. In certain cases, a mortgage has to be put into place for a deal to close. This may involve the purchase of the real estate property being secured or use of a residential or commercial property to provide funds for some other purpose. Regardless of the reason, money is required in a hurry and the source of the funding needs to come from real estate.
This is where an Ottawa private mortgage loan may be your best, and perhaps only, option as bank or institutional mortgage lenders typically cannot process an application and get in closed in a number of days.
Construction financing. Believe it or not, most construction projects, especially smaller commercial and residential builds, are financed with private mortgage construction loans.
Why?
Because banks have a long list of requirements to qualify for construction loans including the need to be qualified for the take out mortgage as well prior to the start of construction. With a private mortgage construction loan, the borrower has the time to shop around in the market for the best take out mortgage deal and is not locked into a long term financing package before construction even starts.
Construction Bridge Financing. Its not uncommon for construction projects to go over budget for one reason or another and if additional capital is required quickly to get the work completed, a construction bridge loan provide through a private mortgage is likely going to be the best and fastest option available to the owner or builder.
There are many other potential uses for a private mortgage including situations where the borrower cannot qualify for traditional financing due to weaker credit or repayment history.
Regardless of the need, if you are seeking an Ottawa private mortgage loan, I suggest you give me a call so I can quickly assess your needs and provide relevant private mortgage options for your consideration.
For a Milton private mortgage, the best approach is to work with a mortgage broker that has private mortgage financing sources for your area and project type.
Our private mortgage lending sources will collectively consider a wide range of real estate mortgage applications, financing amounts, and mortgage registration positions.
Private mortgage lending on both residential and commercial real estate has increased in the last few years with more lenders entering the market place and tighter mortgage financing requirements being followed by banks and institutional lenders.
One of the challenges with locating and securing private mortgage financing is making the proper match between the type of mortgage application you’re looking for an a private that will be interested in the deal. Just because a private lender provides financing in the Milton area does not automatically mean they will be interested in your application or will be able to fund your application at a given point in time.
This is one of the reasons why its important to work with an experienced private mortgage broker that has well established relationships with a variety of private mortgage lenders that service the local market.
Milton private mortgage lenders, for the most part, will also access the market through a mortgage broker. So working with a mortgage broker is likely going to increase your chances of finding the right mortgage product in the time you have to work with.
At the same time, many brokers will claim to have direct access to private lenders when in fact they may be dealing with one or two degrees of separation whereby their access is through a chain of one or more brokers. This type of access can get you going in the wrong direction and waste a great deal of potentially valuable time if no viable lending option is uncovered in the process.
For our clients, I try to assess the Milton private mortgage financing opportunity as quickly as possible so that you can quickly assess the available options I provide and not waste any time in the process if they don’t meet your criteria.
If you’re in need of a Milton private mortgage, give me a call and we’ll go over your requirements together and review potential options as quickly as possible.
Click Here To Speak With Milton Private Mortgage Broker Joe Walsh
Kitchener private mortgage lenders, or private lenders that include the Kitchener and Waterloo region in their coverage zone, can be sourced through our mortgage brokerage.
We work with private mortgage lenders that will consider a wide range of both residential and commercial real estate properties and will provide mortgage financing for property acquisition, refinance, debt consolidation, and construction.
The private mortgage lender market has expanded considerably in recent years as banks continue to take a conservative approach to mortgage financing post recession and investors remain less that enthralled by their returns in the stock market. The combination of these two events has contributed significantly to more real estate deals being done by private mortgage sources and more private mortgage lenders entering the market.
This is good news for consumers and business owners as there are now more options than ever for mortgage financing, especially options related to less than perfect financial profiles and faster mortgage closings.
Kitchener private mortgage lenders, like private lenders from other areas, primarily place their funds either directly or indirectly through the mortgage broker net work. Private mortgage lenders that operate as individual lenders tend to only work directly with a few brokers they’re comfortable with who in turn may source deals for the private lender through their mortgage broker contacts.
Other private lenders will provide their funds to mortgage investment corporations that place mortgages for them either directly or once again by utilizing the broker net work.
In either case, the ability to access a Kitchener private mortgage lender that is relevant to your requirements will likely require the services of an experienced mortgage broker with direct or indirect access to the appropriate private lending sources.
This is where we come in and provide great value to our clients through our private mortgage network. One of the keys to many private mortgage financing deals is the speed to getting suitable funding located and secured. In order not to waste precious time, we always assess all requests for private funding quickly and in many cases can provide back an indication of interest in just a few hours. On the flip side, if we can’t provide the private mortgage funding you require, we’ll tell you right away so there is no time wasted in the process.
If you’re looking for a Kitchener private mortgage lender, give me a call so I can quickly assess your requirements and provide the relevant private mortgage options for your consideration.
Click Here To Speak To Kitchener Private Mortgage Broker Joe Walsh
Brantford private mortgage loan financing is available from our private mortgage lenders that service the Brantford and south western Ontario geography.
Private mortgages can be secured for first, second, and potentially third mortgage financing, depending on the real estate and the related equity in the property.
Most Brantford private mortgages are placed for a one year interest term for both residential and commercial properties with interest only payments. Rates, fees, and terms will vary from one property and one lender to another, but for the most part, private real estate loans are for the one year period of time.
This is not to say that a multi year private mortgage cannot be secured as these types of deal are available. However, depending on the lender, there may or may not be a renewal fee for any additional years beyond the one year interest term.
Most construction mortgages for individual residential construction and smaller scale commercial construction are provided by private mortgage lending sources as well. While private money rates for construction financing are going to be higher than bank interest rates, which is basically true for almost all types of private mortgage loans, private lenders tend to have a faster decision making process with respect to construction loan approvals and their construction draw administration process tends to be more straight forward and predictable.
The key to locating and securing a Brantford private mortgage loan is to work with an experienced mortgage broker who has direct relationships with private mortgage lenders that service the area. Most mortgage brokers will claim to have access to private lenders, but many times the relationship may have one or two degrees of separation, not only creating funding delays, but potentially investing time with private lenders that are not a good match for your funding requirements.
Private mortgage lenders are either individuals or small corporations for the most part. Each lender has their own ways of assessing deals and managing the relationship with the borrower. Because of the lender diversity, there is value in making sure that you are working with a private lender that is a good fit for your particular need not only to minimize any future problems but to also secure the best rates and fees relevant to your requirements.
If you need a Brantford private mortgage, please give me a call and we’ll go through your requirements together and discuss private mortgage options that are available to you.
Click Here To Speak With Brantford private mortgage broker Joe Walsh
Guelph private mortgage lenders can be both individuals or small investment corporations that provide private mortgage loans secured by real estate in the Guelph area.
The most relevant private mortgage lenders will either be located right in the Guelph area, the immediately surrounding area, or the Greater Toronto Area.
The key to locating and securing a Guelph private mortgage on either a residential or commercial real estate property is to work with an experienced mortgage broker that has direct relationships with private mortgage lenders that focus on this particular geography.
Going one step further, private lenders can also have different appetites for different types of mortgage requirements, so a private that would provide mortgage financing for a residential second mortgage many not be interested in looking at a first or second mortgage position on a commercial property or a construction project.
This also speaks to the need to work with a well established and experienced mortgage broker who has a strong and diverse private mortgage lending group.
We work on private mortgage deals from $20,000 to $20,000,000 and everywhere in between and the keys to success are matching up the needs of the borrower with Guelph private mortgage lenders that are a good fit for the deal in terms of type of property, size of loan, rates, terms, etc.
The market has quite a diverse range of private money available and its not uncommon for individuals to secure funding at potentially above market rates if they end up focusing on a more expensive form of private mortgage funds when time is in short supply. This is yet another reason why its important to be talking with the best lender fit right away so that you aren’t in a position of having to take a less than optimal financing option as time is running out on your deal.
We also have experience working with fast close mortgage situations where a private lender is utilized to place a mortgage in two to five business days from the time of application to funding of the mortgage.
If you require a Guelph private mortgage lender solution, I suggest that you give me a call so I can quickly assess your needs and provide in many cases same day private mortgage options for your consideration.
Click Here To Speak With Guelph Private Mortgage Broker Joe Walsh
Burlington private mortgage loan financing can be used for short term and longer term financing scenarios, although the majority of private mortgages are only for a one year term.
That being said, there are more private mortgage lenders entering the market all the time and some are content with providing financing for a number of years with long amortizations in affect for repayment or interest only.
Private mortgages are most relevant to construction financing scenarios and other bridge financing situations where a fast and more flexible form of mortgage financing compared to the traditional banks is required.
We have Burlington private mortgage lenders who will consider a broad range of real estate financing requirements both in first and second position mortgage registrations. A second mortgage will come at a higher rate, but if the amount of funds is relatively small and only required for a short period of time, it may be the fastest, easiest, and cheapest way to tap into the available equity.
When we speak of fast, quick close residential mortgages from private lending sources can get closed in 2 to 5 days time provided that everything required to close the deal is in order. This can be a very effective form of financing to save a deal or take advantage of a buying opportunity with a very small window.
Private mortgage lenders also tend to be very regional in terms of where they are comfortable placing their money, so its important to work with a mortgage broker that can directly source private funding in your particular area.
Most mortgage brokers will claim to have access to private mortgage sources, but many times the broker is one or two steps removed, potentially wasting valuable time getting the deal arranged and/or not locating a very good lender match for your requirements.
We work directly with our private mortgage lending sources and can many times provide you with a term sheet the same day you apply for financing.
If you need a Burlington private mortgage loan for a residential real estate or commercial real estate purchase, mortgage refinancing, debt consolidation, or construction financing, I suggest you give me a call so I can quickly assess your requirements and provide relevant local private mortgage financing options for your consideration.
Click Here To Speak With Burlington Private Mortgage Broker Joe Walsh
If you need interest only bridge financing in Toronto, or anywhere else in southwestern Ontario, I suggest you give us a call right away at 416 464 4113 and we’ll be able to tell you right away if we can help you or not.
Toronto Bridge financing is typically required when a real estate transactions needs to close quickly and there is not enough time or collateral in the deal to get it done through a conventional lending source.
One of the more common applications for a bridge loan is the buy and sell property scenario where a real estate investor is planning to purchase a property right away and then resell it shortly there after for a profit.
Because the opportunity may only exist for a very short period of time, there likely will not be the opportunity or the need to get a conventional mortgage.
Typically these types of transactions are financed partially by a private mortgage loan against the property being purchased or a combination of the property being purchased and other properties pledged for security. The private mortgage can be in first or second position, provided that there is sufficient equity available to support the financing requirement.
Interest only bridge financing is accomplished through the private mortgage loan as most privates only require interest only payments. Depending on the private mortgage lender, the interest term will typically be for one year with repayment penalties ranging from completely open to three months interest penalty.
The main benefit of this type of bridge financing mortgage is that it can be put into place quickly, provided everything is in order with respect to property appraisals, purchase and sale agreements, down payments, etc.
And as long as their is sufficient paid in equity into the project, private lenders are not going to be as concerned with repayment assessments, especially if the property is in a strong resale market and the plan is to re-market it as quickly as possible.
If you have this sort of need or would like to discuss different options for a transaction you’re looking at, give me a call right away and we’ll go over the scenario together.
Click Here To Speak Directly To Toronto Mortgage Broker Joe Walsh
To locate and secure Oakville private mortgage financing, you typically need to be working with a mortgage broker who represents private mortgage lenders that are interested in financing residential or commercial real estate properties in the Oakville and surrounding area.
While it’s not always the case, most private lenders do not have their own retail arm for their business and choose to work through mortgage brokers and/or lawyers instead to reach the market.
And even though mortgage brokers are the most common path to private lending sources, this can still result in less than optimal results as it can be hard to tell how well a mortgage broker is aligned with an Oakville private lending source that is relevant to your particular situation.
Its not uncommon for mortgage brokers to turn to other mortgage brokers to try and locate private mortgage financing for their clients. This can not only lengthen out the mortgage process, but also contribute to time wasted focusing on less relevant private mortgage sources.
One of our key focuses is private mortgage lending and as a result, we have very strong relationships with individual private mortgage lenders and private lending sources. This is important in getting the best match in place between borrower and lender in the time required.
We work on Oakville private mortgage placement for both residential and commercial real estate applications as well as private mortgage construction financing for both residential and commercial projects.
In the current market, there can be a fairly wide range of private mortgage rates that can apply to any one property, so we also work hard to get our clients the best available deal at any given point in time for a particular type of property.
If you need to locate and secure an Oakville private mortgage in a matter of days, we have sources of private funding that can turn these types of requests around in under a week provided everything is in order with the transaction.
If you require Oakville private mortgage financing, I suggest that you give me a call so I can quickly assess your requirements and provide you with private mortgage lending options for your consideration.
Newmarket private mortgage financing options are available from both individual private lenders and mortgage investment corporations. With individual private lenders, the lender is a single individual who is prepared to issue mortgage loans on certain types of properties.
Mortgage investment corporations represent a number of private mortgage lenders and place their money in more of a syndicated fashion in order to better protect the lender against loss.
Fundamentally, they are the same form of financing, although mortgage investment corps can act a bit more like banks in terms of how they review an opportunity, and they will typically have a larger access to capital than one private lender would have on their own.
All that being said, we have very good relationships with private mortgage lenders that provide Newmarket private mortgage financing and mortgage loans in other parts of southern Ontario.
The key to finding and locating private mortgage lenders that are the best fit for your requirements is to work with a mortgage broker that represents and works with private lenders that service your area and type of real estate project.
These last two points are important in that private mortgage lenders can be both very regional in terms of where they will lend money and very particular of the type of real estate they are prepared to issue a mortgage against.
Most private lenders do not work directly with the public from a retail or marketing point of view and prefer to access the market through the mortgage broker network.
The good thing about this is that most brokers will have some access to private money sources. The bad thing is that most brokers do not have direct access or a working relationship with private lenders in a given area and in many cases are working one or two or even three steps removed from the source of financing.
This can lead to time delays as well as spending more time working with a private mortgage lender that may not be the best fit for your project, or one that would have very little interest in what you’re looking for.
If you need Newmarket private mortgage financing, or what to know more about it, I suggest that you give me a call so I can quickly review your options and provide you with private mortgage options for your consideration.
Click Here To Speak To Newmarket Private Mortgage Broker Joe Walsh
For Richmond Hill private mortgage loans, the best way to locate and secure private mortgage financing is through an experienced mortgage broker that has private lenders interested in real estate properties in the Richmond Hill area.
Our team has a number of private mortgage sources that will collectively consider placing mortgages for both residential and commercial properties as well as for funding construction projects.
Unlike banks and institutional lenders, private mortgage lenders do not typically have a retail location and tend to rely heavily on mortgage brokers to source and qualify their deals. While the mortgage broker network overall is an effective way to source real estate mortgage financing of all types, one of the challenges with the private mortgages is that the broker you are in contact with may be one or two steps away from the private lender relationship.
The ideal situation is to work with a mortgage broker who has a direct relationship with an individual private lender or private lending group that provides the type of mortgage you’re in need of in you’re area.
Each private lender will have their own criteria for lending as well as the manner in which they structure their mortgage commitments and the interest rates they offer. The better the working relationship your mortgage broker has with relevant private lending sources, the more likely you’re going to be able to secure the funding you’re looking for in the time you have to work with. Working with too many degrees of separation between the initial mortgage broker and the lending source can create unnecessary complication as well as waste time.
Fortunately, we have a number of private lenders that will consider Richmond Hill private mortgage loans for a variety of different properties and projects.
If you’re in need of a private mortgage for a residential or commercial real estate property in Richmond Hill, I suggest that you give me a call so I can quickly assess your requirements and provide you with Richmond Hill private mortgage loan options that meet your needs.
The initial assessment is free of charge and will get you one step closing to getting your private mortgage financing in place.
Click Here To Speak Directly To Richmond Hill Private Mortgage Broker Joe Walsh.