Metrics Financial: Your Partner in Private Mortgage Solutions

Are you tired of being turned down by traditional banks for a mortgage loan? Do you have a unique financial situation that makes it difficult for you to secure a loan from a traditional lender? If so, then Metrics Financial has the solution for you!

Metrics Financial is a leading provider of private mortgage solutions for borrowers in Ontario, Canada. Our team of experienced mortgage professionals understand that every borrower's situation is different and can provide customized solutions to meet their specific needs.

What is a private mortgage? A private mortgage is a loan that is provided by an individual or private company instead of a traditional lender such as a bank. Private mortgages are often used by borrowers who may not meet the strict lending criteria set by traditional lenders, but still need financing to purchase or refinance a property.

Why choose Metrics Financial for your private mortgage needs?

  • We provide flexible financing options tailored to meet your specific needs
  • Our team of experienced mortgage professionals will work with you to find the best solution for your unique situation
  • Quick and efficient approval process – we can get you the financing you need in a timely manner
  • Competitive interest rates – we offer some of the best rates in the industry

At Metrics Financial, we are committed to providing our borrowers with the best possible experience. Our goal is to help you achieve your financial goals and make your real estate dreams a reality.

If you are in need of a private mortgage solution in Ontario, Canada, then look no further than Metrics Financial. Contact us today to learn more about our private mortgage options and to get started on the path to homeownership!

Characteristics of Private Mortgages

Private terms and conditions are as unique and varied as the borrowers who take them. Underwriting is very much a case-by-case evaluation process; however, there are some common characteristics of private mortgages. Typically, private mortgages have:

1. Shorter-term loans (6 months - 3years)

2. Higher interest rates, based on associated risk (5-18%)

3. Typically interest-only payments 

4. Lender's fees (1-3%)

5. Brokerage fees (1-3%)

6. Lawyer, appraisals and other set-up costs (approx. $1,000-$3000)

7. Flexible payments (eg. interest only or capped payments)

8. More lenient underwriting and approval requirements

9. Generally, a "short-term" solution as part as a greater plan for borrowers

Circumstances when Private Mortgages are Often Used

Below are circumstances where private mortgages are more likely to be needed. 

1. Construction Loans

2. Land Loans

3. Debt Consolidation

4. Accessing Equity

5. Bridge Financing

6. Time Sensitivity

7. Income/credit Issues

Investor Benefits in Mortgage Investments

Returns are usually higher than for other secured investments; for example, an investment at your local bank might yield a 6% return, whereas the money put into a private mortgage may yield 9%.

A group of investors can pool their personal funds, allowing them to invest in several different mortgages simultaneously, thereby reducing their risk.

In case of borrower default, the lender has the right to take the property via power of sale to recover their loan amount and any applicable fees.

Mortgage Investment Corporations (MIC's)

When investing in a "pooled" structure such as a MIC or a GP/LP (general partner/limited partner) structure, the lender's investment risk is spread over the entire portfolio instead of an individual loan on an individual property. For example, syndicated loans generally involve two or more investors sharing in the registration of a single mortgage on a property. This differentiates the syndicated mortgage from other real estate investment vehicles like MICs and real estate investment trusts, which typically invest in more than one property.


With syndicated loans, lenders/Investors can select individual deals they would like to invest in or buy. Investors can buy pieces of the loan, much like stocks, giving the lender/Investor more choice. This allows the lender/Investor to develop relationships with owners/principals, regardless of the investment amount.

A Mortgage Brokerage Can Have Four Roles in a Private Mortgage:

Working for the Borrower:

The Agent/Broker:

  • Acts only for the borrower
  • Negotiates terms, rates, fees, etc. for the borrower
  • Looks to protect the borrower from hidden back-end costs (exit fees, closed term, etc.) 
  • Ensures the best mortgage option for the borrower
  • Ensures the borrower disclosure documents are thorough, accurate, properly presented and explained to the borrower

Working for the Lender/Investor:

The Agent/Broker:

  • Protects the lender/Investor's capital
  • Should be providing the lender/Investor with underwriting information and watching closely for concerns with the application
  • Ensures documents are analyzed and provides a written recommendation as to why they believe this deal makes sense for the lender/Investor
  • Represents the lender/Investor with their reputation in mind
  • Keeps the lender/Investor informed about current market trends and LTV concerns
  • Knows where each lender/Investor likes to lend and does not push those boundaries
  • Understands how and when to use appropriate forms and disclosures (FORM 1, etc.)

Working for Both the Borrower and Lender/Investor:

The Agent/Broker:

  • Ensures the borrower and lender are both aware of the Agent/Broker relationship with each party involved, and this is disclosed up front so that the borrower or lender/Investor can go somewhere else if they choose
  • Acts impartially on behalf of both parties' best interests
  • Understands how and when to use appropriate forms and disclosures (FORM 1, etc.)
  • Explains why they have decided to act on behalf of both parties

Acting as an Administrator if the Brokerage is also licensed with FSRA as a mortgage Administrator.

The Administrator:

  • Comes into play only AFTER the deal is funded 
  • Determines how the funds will be distributed to lender/Investor after closing has been pre-negotiated and discussed
  • Ensures payments have been collected from the borrower 
  • Creates a clear contract with the lender/Investor that outlines the fees charged/associated with the loan and explains what will happen in the event of mortgage default
  • Has a trust account to facilitate payments between the borrower and the lender/Investor

Contact Metrics Financial For More Information


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