Answers before you choose private capital.

A private mortgage is financing from a non-bank lender, often used when a borrower needs speed, flexibility or short-term capital that does not fit conventional lender guidelines.

It can make sense for a bridge to sale, urgent refinance, equity take-out, debt consolidation, property improvement or another temporary situation where there is a credible repayment plan.

Usually no. Private mortgages are commonly used as short-term capital while the borrower works toward a sale, refinance, business event, construction milestone or stronger bankable position.

Private lenders usually review property value, loan-to-value, title position, location, property type, borrower story, requested timing and the exit strategy.

Equity is one of the most important factors. The more equity available after existing mortgages and charges, the easier it may be to structure a private mortgage request.

Yes, many private mortgage reviews can consider imperfect credit, income complexity or recent financial disruption. The property, equity and repayment plan still need to support the request.

The exit strategy is how the mortgage is expected to be repaid, such as sale, refinance, business cash flow, construction completion or improvement of the borrower profile.

Usually yes. Private mortgages often cost more than bank financing because they provide speed and flexibility for files that may carry more risk, urgency or complexity.

Costs can include interest, lender fees, broker or referral fees, appraisal or valuation costs, legal fees, title-related costs and discharge costs. The exact structure depends on the file.

Timing depends on the property, lender interest, valuation, title review, legal work and how quickly required documents are available. Cleaner files with clear equity and urgency are typically easier to move quickly.

Some private mortgages may be structured with interest-only payments, but payment structure depends on the lender, property, risk, borrower profile and requested term.

Start with the property address or city, estimated value, current mortgage balance, requested amount, use of funds, desired timing and expected exit plan.

No. A review helps determine whether private capital may fit the situation. Any available option still depends on lender review, terms, conditions and supporting documents.

The file basics are reviewed for fit. If the request appears reasonable, the next step is usually to clarify property details, equity, timing, documentation and possible lender appetite.