Funds available to use
Start with the mortgage amount, then account for existing debts being paid out, fees and transaction costs. The funds remaining need to cover the purpose of the borrowing.
Borrow private funds
Private mortgage financing, with a plan for repayment.
You may need funds to complete a property purchase, move a project forward or manage a change in your circumstances. The financing needs to address that immediate need and account for how you will repay it.
Private Mortgages Canada is Streetwise Mortgages’ private-financing division. Explore its specialist services, or speak with Streetwise if you are unsure where to start.
Explore Private Mortgages Canada ↗Ask Streetwise about your financing →
Private Mortgages CanadaA division of Streetwise Mortgages
What do you need the financing to do?
Start with the property and the reason you need funds. These links take you to the relevant services on Private Mortgages Canada.
Finance an investment property or project
Discuss a purchase, renovation or construction project, including the funds needed now and the financing you expect to use when the work is complete.
Explore investor financing on PMC ↗
Finance a property when your income is more complex
If you own a business or your income is difficult to document, the assessment needs to consider how you earn money, the property and the proposed borrowing.
Explore business-owner financing on PMC ↗
Review financing during a change in circumstances
A change in your finances, ownership or existing mortgage can create a funding need. Discuss the situation and timing before deciding whether private financing is appropriate.
Explore homeowner financing on PMC ↗Look beyond the mortgage amount.
The amount borrowed, the money available to use and the amount due at repayment are different figures. Review all three before making a decision.
Payments during the term
Understand when payments are due and what they cover. If you pay interest only, those payments do not reduce the principal you owe.
Money needed to repay
Review the balance due at the end of the term and any applicable costs. Know where the repayment funds are expected to come from and when they should be available.
A repayment plan needs room for things to change.
You may intend to repay through a sale, refinance or another source of funds. Each depends on circumstances that need to be assessed. A planned refinance is not an approval already secured, and a sale may take longer or produce less than expected.
Discuss what must happen before the mortgage comes due, what could delay it and what alternatives would remain. Private financing can carry higher costs and shorter terms than traditional mortgages; the decision should account for the full period you may need the loan.
Read about equity and refinancing →The same Streetwise team, with a dedicated private-financing service.
Private Mortgages Canada gives borrowers a focused place to explore private mortgage options. Streetwise’s wider financing services remain available when you need help assessing a home mortgage, an investment property or an apartment-building project.
Meet Streetwise →Discuss your property and the funds you need.
Explore PMC’s services for your situation. If you would prefer to speak with Streetwise first, tell us what you are planning and any important dates. You do not need financial documents to start a conversation.
Want to lend your own money instead? Explore mortgage lending →