Private Mortgage Lending Solutions

Many developers and casual home builders have been shut down by the banks as they are no longer interested in financing development. Graysbrook Capital has a track record of qualifying and funding developers throughout Atlantic Canada for the construction of single family and multi-family projects, as well as light commercial projects. This would include strip malls, apartment buildings, townhouses, etc. up to one million dollars.

Any client who owns their land outright can typically get approved. Contractors who are held to one or two projects at a time due to bank constraints can use funding from Graysbrook to handle as many projects as are feasible so that their crews are fully utilized and avoid costly down time.

With our private construction loans, up to 65% of the finished value can be approved within minutes, once the proper documents are in hand. We offer flexibility in draw management (in three or four draws). Hassle free draws are also approved on a same day basis. We have no early payout penalties in most provinces, no CMHC costs, no home warranty required, and you can use your personal home or business to help secure funds.

Commercial mortgage funding by traditional banks has become quite challenging. Banks are requiring the borrower to have 2 years financial history in the subject building. If you’re buying new to you that creates a huge barrier. Also mixed use, non-owner occupied, etc. present more challenges than in the past.

Graysbrook Capital will fund your projects up to one million dollars based on your previous experience, financial success and/or the history of the building in discussion.

Don’t let the new lending criteria for banks stop you from missing a great opportunity. We will assess and respond to your request in a very short time frame. As well we guarantee 7 days funding once approved.

Some examples of situations we have funded:

Graysbrook Capital will look at your whole financial picture, and help you find a common sense answer for your business!

Do you owe personal or business tax debt to the Canada Revenue Agency (CRA)? Is your CRA debt in the way of a mortgage renewal at the bank? We can help. We can pay out your Canada Revenue Agency debt, even when banks cannot help. Our rate is cheaper than CRA interest costs.

We offer a Discounted Lender fee if a pre approval for the takeout is in place. There are no penalties to pay out the mortgage. By paying out CRA, you can then go to the bank and continue with the mortgage renewal you were planning to do.

If you are looking for a short-term mortgage solution, we’re here to help. We provide bridge financing for individuals and businesses who need money quickly but don’t meet the requirements of traditional lenders (or don’t have time for their slower turnaround times). Our loans are designed to help you get through your financial situation with minimal stress.

Graysbrook Capital will assess your complete financial health including your home equity, and then provide a short-term mortgage solution often reducing your monthly payment requirement and eliminating the higher interest payments. These short term mortgages often qualify for reduced fees. Once your situation has resolved itself, you are better positioned for a traditional bank to pay out Graysbrook.

We offer reduced fees for loans under 60 days, and have no early payout penalties in most provinces. If you need a short term loan there is no better option.

Find out more about bridge financing, situations where it might be right for you, potential advantages and disadvantages to consider, qualification criteria, frequently asked questions and more below!

As an equity lender / mortgage company, Graysbrook Capital provides mortgages to clients who don’t meet bank criteria or choose not to use a bank. Many clients find themselves outside the ever-changing bank criteria and finding a reputable equity lender local to their communities is not always that easy. Graysbrook is often referred to as the “common sense” lender of Atlantic Canada and Ontario.

Debt consolidation, life events, cash requirements, tuition, etc. are all reasons why clients seek a second mortgage. Many lending institutions will not support second mortgages but at Graysbrook Capital, we assess your complete financial situation, with a focus on property equity. We will allow a second mortgage up to 75% of the property value. In many cases, to qualify, a blanket mortgage may be applied across two or more properties providing cash that may not otherwise be freed up.

Our goal is to provide the best solution for the client. That means we won’t force the clients to pay out their first mortgage if the rates or penalties make that prohibitive. Second mortgages have no early payout penalties in most provinces.

Credit issues? We offer credit repair solutions.

We offer blanket mortgage options for various scenarios, such as blanketing multiple properties if client does not have enough equity in the property in question.