Why Private Lending?
Private mortgages are designed for borrowers who need fast, flexible, equity-based financing. Unlike banks, private lenders focus primarily on the value of your home, not your credit score or income structure.
-
Bruised or low credit
-
Self-employed borrowers
-
High debt-to-income ratios
-
Mortgage arrears
-
Power of sale notices
-
Second mortgages
-
Equity take-out for renovations, investments, or emergencies
If you own property in Ontario, you may still qualify — even if a bank has already said no.
Private Mortgage Requirements
What You Can Use a Private Mortgage For
-
Stop or delay power of sale — Fast financing to bring your mortgage current and protect your home.
-
Second mortgage for debt consolidation — Lower monthly payments by combining high-interest debt into one manageable mortgage.
-
Equity take-out for investments — Access your home's equity without selling or refinancing with a bank.
-
Bridge financing — Short-term funding between buying and selling a home.
-
Self-employed solutions — Some lenders accept alternative income documentation.
How Private Mortgage Approvals Work
Private lenders focus on loan-to-value (LTV), not credit score.
Approval Factors: Property value · Location (Ontario, GTA, Vaughan, Toronto) · Existing mortgage balance · Equity available · Purpose of funds
Typical Requirements: Property address · Mortgage statement · Property tax bill · ID · Appraisal (sometimes waived for low LTV deals)
Rates & Fees
Private mortgage rates and fees depend on: loan-to-value, property type, location, risk level, and urgency of closing.
Important FSRA-Compliant Disclosure: All fees are fully disclosed in the mortgage commitment, broker disclosure forms, and appear on the lawyer's trust ledger. You never pay fees directly to a broker or lender outside the legal process.
Our Process
01
Initial Review
We review your property equity and funding needs to determine if a private mortgage is the right solution for you.
02
Lender Selection
We present your case to our network of trusted private lenders to secure the most favorable short-term rates and terms.
03
Quick Approval
Private lending moves fast. Once terms are accepted, formal approval is usually issued within 24 to 48 hours.
04
Funding & Closing
Final documentation is completed with legal counsel, and funds are disbursed to bridge your financial gap.
Why Work With Farshid
As a licensed mortgage broker, I specialize in private lending and equity-based financing across Ontario. What clients value: fast approvals (24–72 hours), clear communication, transparent fees, access to multiple private lenders, solutions for urgent or complex situations, and support for self-employed borrowers.
You're not dealing with a call center — you're dealing directly with a licensed professional who understands private lending inside and out.
Service Areas
Private lending available across Ontario: Vaughan, Woodbridge, Toronto, GTA, Mississauga, Brampton, Markham, Richmond Hill, Hamilton, Barrie, and all surrounding areas.
FAQ
What Private Mortgage Lenders Look At
Private lenders are not all the same, but most want to understand the property and the plan for repayment, whether you're seeking a private first mortgage or exploring debt consolidation options.
A proper mortgage application may include: current mortgage statements, property tax information, government-issued ID, a recent property appraisal or comparable market analysis, details of existing debts and payout instructions, credit information, bank statements, purchase agreement (if applicable), and a clear explanation of why the funds are needed.
The cleaner and more organized the file, the faster it can be assessed by the right lenders — making the process more efficient.
The Exit Strategy Is the Most Important Part
Private financing should always be treated as a temporary solution, not a long-term plan — for example, bridging a short-term gap while completing a sale, paying down debt to refinance with a bank, or completing renovations that increase property value before selling or refinancing.
I will not recommend private financing without a realistic exit plan.
Important Costs and Risks of Private Mortgages
Private mortgages can be useful for specific financial needs, but they are not inexpensive. Costs to understand before signing include: higher interest rates than traditional mortgages, lender fees, brokerage fees, legal fees, appraisal fees, discharge fees, extension or renewal fees, interest-only payment structures, and shorter mortgage terms.
Private lending should be used to solve a specific short-term problem and create a path toward better financial stability — not as a long-term solution.
Speak With a Private Mortgage Broker Before You Commit
If you've been declined by a bank, need fast financing, or are facing an urgent situation, don't wait until it becomes unaffordable. Get a proper review of your options and a clear understanding of the cost, terms, and repayment plan before you sign anything.
Serving Vaughan, Woodbridge, Toronto, and the Greater Toronto Area.