Toronto Private Money Lenders
“We Represent Toronto Private Money Lenders For Private Mortgage Financing Transactions”
As a private mortgage broker, I am fortunate to have a number of quality Toronto Private Money Lenders that are looking to place private mortgages in Toronto and other parts of The GTA and Southern Ontario.
Each of our lenders have their own lending/funding requirements as well as property interests, but collectively they cover off a broad spectrum of both the residential and commercial market space in the Toronto area.
For instance, we have some very conservative lenders that are always on the look out for good deals and can provide rates in the 6% to 7% range, depending on the deal.
We also have private money lenders that will consider higher risk deals and will provide rates and terms that are in keeping with the inherent risk with any particular property.
In general, from the time of application to funding, our average turnaround time is 10 business days with a commitment to fund typically provided a couple of days after applying.
That being said, if there is a need to get a mortgage in place in a hurry, we do have the ability to get deals approved and funded in two to five business days as well, provided that all the lender requirements can be met right away, and the borrower has a highly responsive lawyer who is going to be available to complete the transaction.
The process for funding starts with a phone call into our office at which time I will do a quick assessment of your situation with you and provide you with whatever options we have available at that particular point in time for the type of deal and location you have outlined.
If one or more of the potential private mortgage options we discuss is of interest to you, I will immediately call the relevant private mortgage lenders we work with and see if they would be interested in the deal.
Many times we can get a lender proposal back within a couple of hours and at most two or three days.
If you’d like to proceed further then we will require a completed application as well an appraisal of the property.
If you trying to locate Toronto private money lenders to fund a deal, 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.