When timing or qualification is the issue, private lending is the answer.
Private mortgages exist for situations the banks won't touch — either because the timeline is too tight, the income is too unconventional, the credit is too bruised, or the property is too unique. We work with a curated network of MICs, syndicated lenders, and individual private lenders across Ontario. Most files fund within 5–10 business days.
Why clients choose Tripoint for private lending
Equity-based, not income-based
Private lenders care about the property. If there's enough equity, the deal works — even with self-employed income, recent credit hits, or no income at all.
Fast close
Average 5–10 business days from approval to funding. We've closed in as little as 72 hours when needed.
Bridge, second, third position
First mortgages, second mortgages behind a bank, and third positions on equity-rich properties.
Ontario-wide network
Toronto, GTA, cottage country, Hamilton, KW, London, Ottawa. We know which lenders work which areas.
How a private lending file moves at Tripoint
Quick triage
30-minute call. Is private the right answer, or is there a B-lender or alt-A solution that costs less?
Property review
Address, value estimate, existing financing. We can usually quote a rate range within 24 hours.
Application package
ID, application, payout statement, and a recent appraisal (we order if needed). For commercial properties, financials too.
Lender match & approval
We send to the lenders most likely to fund your file. Approvals come back in 24–72 hours.
Funding
Lawyer engagement, instructions sent, funds released. 5–10 business days end-to-end is typical.
Common questions
What rates do private lenders charge?
First-position privates typically run 7–10% in today's market. Second positions run 9–13%. Lender fees are usually 1–3% of the loan amount, plus broker fees and legal. We give you the all-in cost before you commit.
How long do private mortgages run?
Most are 1–2 year terms, interest-only. The plan is always to refinance back to a bank within that window — once income recovers, credit rebuilds, or the property is renovated/sold.
Is private lending safe?
It's regulated by FSRA in Ontario and the lenders we work with are vetted. The risk is cost — private money is more expensive, so the exit strategy back to bank financing matters more than anything.
Can I get a private mortgage with bad credit?
Yes. Private lenders don't pull beacon scores the way banks do. They care about the property's loan-to-value, the equity cushion, and the exit strategy. Even bankruptcies, judgments, and tax arrears can be worked around.
More ways Tripoint can help
Get a Free Mortgage Consultation
Speak with Anthony directly. No obligation, no credit pull, fully confidential.