Private Mortgage & Lending Solutions in Halifax, Nova Scotia
APPROVED IN AS LITTLE AS 24 HOURS.
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Contact Pat today to see if private lending can help you with your present situation.
(902) 465-5533
HOMEOWNERS GET APPROVED
Apply for a Private Mortgage now
The banks have rules. Private lenders have common sense.
If you own property in Nova Scotia, New Brunswick, PEI, or Ontario and you’ve been turned down — or you already know the bank isn’t an option — a private mortgage might be exactly what you need. I’ve been arranging private financing for homeowners and investors for years, and I can tell you honestly: the process is faster, more flexible, and less painful than most people expect.
At Craigburn Capital, we lend based on your equity — not your credit score, not your tax returns, not your employment history.
Here is an example scenario:
- 750k
- Appraised Value
- 225k
- Your Mortgage
- 375k
*Up to in usable equity
You may want to think about a private mortgage if you are looking to do some home improvements, or any other purposes requiring cash expenses. Start your application today and get approved in as little as 24 hours!
*depending on complete documentation provided which includes, but is not limited to, property appraisal on subject property, credit bureau on applicants, and confirmation of income. The lender reserves the right to request further documents if required.
What are the Benefits of a Private Mortgage?
Straightforward Approval
Forget the 47-page application. Private mortgage approvals are based on your property — its value, its location, and its equity position. If the numbers work, we move forward.
Interest Only Payments
Your monthly payments cover interest only, which keeps them lower than you might expect. This isn’t a long-term mortgage — it’s a bridge to get you where you need to go.
Fast Funding
When timing matters — and in real estate it always does — private lending moves in days, not weeks. I’ve seen deals close in 48 hours when the documentation was ready.
Lump Sum Flexibility
The funds come to you as a single advance. Use them for debt consolidation, renovations, a business opportunity, a tax bill, or whatever your situation demands. No questions asked about how you use your own equity.
Potential Tax Deduction
If you use the funds for qualifying renovations, the interest may be tax deductible. Worth a conversation with your accountant.
We are Specialists in Private, Second & Commercial Mortgages
NOVA SCOTIA | NEW BRUNSWICK | PRINCE EDWARD ISLAND | ONTARIO
Private Mortgage
What is a private mortgage? This type of mortgage can be sourced from another person or business (MIC) instead of a traditional financial institution.
Second Mortgage
Being one of the leaders in the private lending market, we at Craigburn Capital have a strong understanding of second mortgages, ensuring we meet the requirements of all our clients.
Commercial Mortgage
A commercial mortgage in Canada is a mortgage loan given to the owner of a property that is not considered a residential home. It is often times one of the largest financial investments that an investor makes in their life.
Private Lending
We Say Yes
When Your Bank Says No.
Not because we ignore the risk — because we understand it differently. Private lenders are equity lenders. They look at your property, your exit strategy, and the deal. That’s it.
Here’s what you need to know going in:
- This is short-term financing. Typical terms are 12 to 24 months. Have an exit plan — whether that’s a sale, a refinance, or improved credit — before you apply.
- Your credit matters less than your equity. Less than perfect credit is not a deal-breaker with a private lender.
- Funding is fast. Days, not weeks. When you have your documentation ready, we move.
- Rates reflect the risk. Private mortgage rates are higher than the bank — that’s the trade-off for speed, flexibility, and approval when the bank said no. I’ll give you honest numbers upfront so there are no surprises.
- Lenders typically go up to 80% of the property value. Your equity position determines how much you can access.
This isn’t the right solution for everyone — but when it’s the right solution, it works fast. Call me and let’s find out if it works for you.
These are the typical applications to private lenders. However, when you get to this stage, you should know what to expect so that you are not disappointed.
Here are some things that you should know about Private Lending
These are not long-term lenders, typical loan is for 12-24 months. So have an exit plan.
Interest only terms are available.
Rates can start as low 5% and go higher, and lender’s fee can be from 2-10%. This is depending on the location of the property and the position on the loan.
They are equity lenders and will lend up to 80% toward the value of your property.
Pat Sawler, Craigburn Capital
If you are currently lending private mortgage funds, or would like to, please contact my office so I could either set you up with a current lender or start to advertise your services to fellow brokers and to clients.
Ready to Find Out If You Qualify?
I’ll give you a straight answer — usually within the same business day. No obligation, no runaround, no rate shopping. Just an honest conversation with someone who actually picks up the phone.
Or email: patsawler@craigburn.com
Frequently Asked Questions
What is a private mortgage?
A private mortgage is financing from a private investor or lending company rather than a bank or institutional lender. The qualification criteria are completely different — private lenders focus primarily on the property and equity rather than income and credit. They’re faster, more flexible, and more expensive than traditional mortgages. They serve a real purpose for the right situation, and I work with a network of trusted private lenders across Atlantic Canada and Ontario.
Who typically needs a private mortgage?
The situations vary more than people expect. Self-employed borrowers with complex income, people rebuilding after a bankruptcy or consumer proposal, clients who need to close quickly before a sale, homeowners who need to consolidate debt before qualifying conventionally, and commercial buyers who need bridge financing — all of these are common private mortgage scenarios. If a bank has said no, or if speed is critical, private lending is often the bridge to where you need to be.
What does a private mortgage cost?
Private mortgage rates typically run between 9% and 14% depending on the property, the location, the loan-to-value ratio, and the overall risk profile. There is also a lender fee and a broker fee, which are disclosed upfront before you commit. I know that sounds expensive compared to a bank rate — and it is. But compared to the cost of missing a closing, losing a property, or carrying high-interest debt for another year, private financing often makes very good financial sense. I’ll always show you the full cost picture before we proceed.
How quickly can a private mortgage close?
In most cases, five to ten business days once we have the required documents in hand. I’ve closed files in as few as three days when the situation called for it. Speed is one of the genuine advantages of private lending, and it’s often exactly what a client needs when a bank’s timeline just won’t work.
Is a private mortgage a long-term solution?
Rarely — and I’m upfront about that. Private mortgages are typically one to two year terms, designed to serve a specific purpose: bridge a gap, solve a problem, buy some time. The plan from day one should include a clear exit strategy — whether that’s improving your credit, establishing income history, selling the property, or qualifying conventionally at renewal. I stay involved through that process. Getting you into a private mortgage is only half the job. Getting you out of it at the right time is the other half.