Alternative Solutions

Private & Alternative Lending

Review private and alternative mortgage options when standard lending may not fit the income, credit, property, or timing.

Overview

Review costs, terms, conditions, risks, and exit planning for private or alternative financing

Alternative or private financing may be considered when a standard lender does not fit the income, credit, property, or timing. Availability, approval, and timing depend on the specific borrower, property, documents, and lender.

These options can carry higher interest rates, lender fees, broker fees, appraisal costs, and legal costs. Before commitment, review the total cost, term, payment, renewal provisions, and a realistic exit plan.

Alternative financing is sometimes proposed as a short-term bridge, but a later refinance is not guaranteed. The plan should identify the changes required for an exit and what happens if those changes do not occur before maturity.

Key Features

Application Review: Review income, credit, equity, property, and documentation criteria for available lender categories
Timing Review: Confirm document, appraisal, legal, and lender timing before relying on a closing date
Property Review: Confirm whether an available lender will consider the property type, condition, and location
Exit Planning: Identify requirements, costs, deadlines, and fallback options; future refinancing is not guaranteed
Equity and Valuation: Review lender-specific loan-to-value limits using an accepted current valuation

How It Works

Step 1

Initial Consultation

We discuss your goals, review your financial situation, and outline mortgage paths that may suit your needs.

Step 2

Compare Suitable Options

I compare available rates, terms, features, fees, and qualification requirements, then guide you through the application and closing.

Fee Disclosure

On many standard lender-paid files, you may not pay a direct broker fee. Private or alternative financing can involve lender and broker fees, which are disclosed before you commit.

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Multiple Lender Categories
Banks, credit unions, monoline & alternative
Evening & Weekend
Available on your schedule
Client Feedback
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Common Questions

Private & Alternative Lending — Common Questions

Get answers to common questions about this mortgage service.

When should I consider alternative or private lending?
It may be considered when standard lending does not fit the income, credit, property, or timing. Compare the higher rates and fees, term, payment, lender conditions, and exit plan before proceeding.
How much higher are rates with alternative lenders?
Pricing varies by lender, property, loan-to-value, credit, income documentation, and term. Alternative and private financing can carry higher rates and fees than standard lending, so review a current written proposal and its total cost.
What fees are involved with private mortgages?
Private financing can involve lender fees, broker fees, appraisal costs, and legal fees. The amounts depend on the lender and file and are disclosed before commitment so you can review the total cost of borrowing.
Can I refinance from private to standard lending later?
A later refinance may be possible if you meet the future lender's requirements, but it is not guaranteed. A private-mortgage plan should identify the term, renewal risks, expected qualification changes, costs, and a fallback exit.
How much equity do I need for private lending?
The maximum loan-to-value varies by lender, property, location, and borrower. A current appraisal and written lender terms are needed before you can rely on an available amount.
Service Area

Serving Port Coquitlam & Surrounding Communities

Whether you're in the heart of Port Coquitlam or the wider Coquitlam region, I'm here to help with your mortgage needs.

Discuss private & alternative lending

Talk with Milka about suitable mortgage options, their costs, and the conditions that may apply.

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