Private Mortgage Lending in Vancouver, BC

Private mortgage lending is a short-term, higher-interest loan from an individual or non-bank lender, such as a mortgage investment corporation (MIC) or family office. Approval is based mainly on your property's value and your exit strategy, which is why private lenders can help borrowers who don't meet strict bank criteria.

Consider a private lender when you need funding quickly, the property doesn't qualify for a standard mortgage (co-op, mixed-use, raw land, or under construction), your income or credit doesn't fit bank rules, or you need a short-term bridge until a sale or refinance. See when private lending makes sense.

Private lenders usually move faster than banks because they focus on the property and your exit plan rather than a full bank-style application. Timing depends on the appraisal, the lender and how quickly your documents are ready. Book a call and Chad will give you a realistic timeline for your deal.

Private mortgage rates are higher than bank rates, often in the 7–12% range, depending on your equity, the property and the strength of your exit plan. Rates change without notice, so book a call to get your own numbers.

Private loans usually involve an appraisal fee and lender fees (points), which can be several percent of the loan. Exploring your options with Chad costs nothing up front. If a broker fee applies to your private mortgage, it's disclosed in writing before you commit.

Often, yes. Private lenders for mortgages with bad credit focus on your property's value and your exit plan rather than your credit score. Chad also checks whether a B-lender mortgage could work first, since B-lending usually costs less than private lending.

Private mortgages often don't require full income documentation or a strict credit check. Lenders still want to see the property's value through an appraisal and a solid plan to repay the loan, such as a sale or refinance on schedule.

It depends on your property's appraised value and your equity. Some private lenders offer up to about 90% loan-to-value, while others lend less. Chad compares lenders to find the amount and terms that fit your plan.

Many private lenders offer second mortgages, which sit behind your existing first mortgage and are based on the equity left in your home. A second-position loan usually costs more than a first mortgage. Chad can compare a private second mortgage with a refinance to see which costs less overall.

The terms are often used the same way. "Hard money" lenders and private money lenders both lend short-term, based mainly on the value of the real estate rather than the borrower's income or credit. In Canada, these lenders include individuals, MICs and family offices.

Going directly to one private lender gets you one offer. A private mortgage broker compares multiple private lenders, MICs and family offices, explains the full cost of each option, and helps you plan your exit, often saving you time and money.

Work through a licensed mortgage broker who can vet lenders and put every cost in writing. You can verify Chad's BCFSA licence (#142612) on the BCFSA website, and read about B.C.'s Mortgage Services Act.

Your exit strategy is how you'll repay the private loan when the term ends, usually by selling the property or refinancing to a bank or B-lender. Private lenders look at it closely, and Chad matches your loan term to a realistic exit timeline.

It's possible, but a private mortgage is rarely the first choice for a first home because of the higher cost. Chad starts with bank and B-lender options and first-time homebuyer programs, and only uses private lending if it's the right fit.

Yes. Chad arranges private financing across the Lower Mainland, including Surrey, Burnaby, Richmond, Coquitlam, North Vancouver and New Westminster, with virtual consultations and mobile service, so there's no need to visit an office.