Private Commercial Mortgages

Private Financing in Canada

You do not have to rule out the purchase of a commercial property because traditional banks and lenders can't, or won't, provide the funding you need in the time you need it by. Private commercial financers are available to fill in the gaps when you need financing within a short period of time, or for a venture traditional lenders cannot fulfill to match you needs.

CanEquity has access to a vast network of private lenders to find and secure the commercial financing your opportunity calls for. Private lenders will charge a higher rate and possible fees in lieu of the quick and short-term access to large funds they can afford.

Private Commercial Financing

• Points to Consider
• Funds are granted with less criteria than traditional products are
• Expedited access to loan amount
• Interest rates can be greater than prime plus eight per cent
• Fees can range between one to five per cent of the total loan amount
• Tend to be geared to short-terms (less than 24 months), usually 90 days
• Can be used during interim periods or while waiting for longer term products to be approved
• Can be used to finance projects traditional lenders deem to risky, such as an independent hotel or restaurant

For your questions and inquiries on private commercial mortgages, contact a CanEquity commercial mortgage specialist and discuss your specific financing needs. We will aid you in deducing the best method of securing the commercial funds you need. Begin today by completing our secure financing application.

^* Mortgage interest rates are subject to change without notice at any time. Some rates may be subject to minimum credit score, loan amount and may only be available certain lending areas. A quick closing loan condition may be required. Does not apply to preapprovals. Contact CanEquity for details. Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline and CanEquity makes no guarantees on any rates shown. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. For any mortgage related questions or to speak to one of our mortgage specialists, please call 1-888-818-4262. CanEquity does not guarantee to have the lowest rate in Canada. We do make every attempt though to find the best mortgage deal possible for all of our clients.

^§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.