Alternative lenders are lifting borrowers out of mortgage stress with creative, tailored solutions
Canadian Mortgage Professional ’s special reports provide an expert-collated resource for the industry when looking for best-in-class partners and the most revered service providers.
The special reports also provide an opportunity to honor the top companies and individuals in the industry for their hard work and commitment to innovation. In 2026, CMP will produce a comprehensive portfolio of special reports covering a plethora of topics and agendas that are top of mind for professionals and most pertinent to the industry.
•Brokers on Lenders
•Rising Stars
•Top 50 Women of Influence
•Top 75 Brokers
•Top Mortgage Employers
If you would like further details on how to be involved, please get in touch via email at sophia.egho@keymedia.com.
Alternative lenders step into spotlight amid mortgage renewal crunch
CMI’s Kevin Fettig and Alta West’s George Botros share their insights into how alternative lenders are responding with flexible products, technology, and broker-first programs
WITH MORE than a million households facing higher renewals, and consumer confidence still fragile, brokers are navigating unprecedented challenges. Kevin Fettig, president at CMI Financial Group, and George Botros, CEO at Alta West Capital, tell CMP how alternative lenders are adapting to meet shifting borrower needs.
What have been the key developments in the mortgage market over the last six months? Have they aligned with what you expected to see at the start of the year?
George Botros: The last six months have confirmed two parallel trends: softening consumer confidence and a surge in private lending demand. Coming into 2025, we anticipated a year of renewal pressure, and that is exactly what we’ve been seeing. Consumer confidence has recovered in recent
months from its multi-year low in April and remains notably softened in the year to date.
Over 1.2 million Canadian mortgages are renewing at much higher rates, with monthly payments rising in many cases by $800 or more. This has pushed households to aggressively restructure their debt, opting for longer amortizations, interest-only products
MEET THE EXPERTS
George Botros Chief executive officer, Alta West Capital
or second mortgages to manage cash flow. Another trend we anticipated was fragmented recovery across the provinces we lend in. Alberta remains resilient, supported by strong interprovincial migration and steady employment, while BC and Ontario have been showing stress, particularly in oversupplied urban condo markets.
Fettig President, CMI Financial Group
Kevin
Kevin Fettig: The economic uncertainty surrounding tariffs has created caution in the mortgage market, as higher trade barriers can fuel inflation and increase borrowing costs. This puts upward pressure on mortgage rates, while also affecting housing affordability and employment in industries most exposed to tariffs – all factors that directly influence borrowers’ ability to qualify for and carry a mortgage.
While we expected higher tariffs from the US, the scale and scope of these measures have been much greater than anticipated. The Canada–United States–Mexico trade agreement (CUSMA) has limited much of the immediate impact, but uncertainty remains around what may happen when the agreement is reviewed in 2026.
The Bank of Canada has not delivered another rate cut, with expectations still evolving. What impact will this have on alternative lenders, and how should brokers prepare?
“Alternative mortgage rates are not as directly tied to Bank of Canada moves as prime mortgage rates. Over time, however, if bond yields trend lower, this should translate into lower rates from alternative lenders”
Kevin Fettig, CMI
KF: The outlook still points to further easing by the Bank of Canada, but the timing remains uncertain. Persistently high core inflation and ongoing trade uncertainty are likely to keep the bank cautious.
Alternative mortgage rates are not as directly tied to Bank of Canada moves as prime mortgage rates. Over time, however, if bond yields trend lower, this should translate into lower rates from alternative lenders. For brokers, preparation means staying
familiar with the full range of private lending options and understanding how these solutions can best meet the financing needs of their clients.
GB: The Bank of Canada’s decision in July to hold rates was broadly expected. If inflation stays contained, we can hope to see a cut in the fall, but we are dealing with a very noisy economy right now. However, it is widely speculated that a cut of 25 to 50 basis
points could occur in the fourth quarter.
We believe alternative lenders are uniquely positioned to benefit either way. If rates are held, borrowers may no longer wait for relief and begin acting. If rates drop, demand will bump higher across the board. For brokers, the focus should be on educating clients and structuring multistage strategies, using private funds, B-low-doc solutions, and second mortgages as bridges rather than just chasing the lowest rate.
Brokers should focus now on educating their clients and creatively structuring their deals. It is beneficial to understand not just the A side of the business but also how
private funds, B-low-doc solutions, and second mortgages can act as interim, bridge, and debt consolidation solutions. The most valuable brokers in this market are the ones who can create multistage strategies for their clients, rather than just chasing the lowest rate.
How can the alternative lending space more effectively compete with the major lenders?
GB: We don’t really look at the relationship between alternative lending and banks as a competition. Rather, it’s a symbiosis. We help
the people who simply do not fit the banks’ criteria. Where AWC comes in is when brokers need help securing financing for a client that has been turned down by a traditional lender, and they need it fast. While we cannot compete with the lowest rates, where we do outperform the banks is speed, flexibility, and individualized underwriting. A bank may take two weeks to issue a commitment, while we do it within a day. Where they require full income validation, we look at equity, security, and the exit strategy. When the banks say “no,” we say, “how can we make this work?” And we try to do it with the best possible rates in our space.
KF: Alternative lenders serve as a vital complement – not a competitor – to traditional financial institutions by offering transitional financing to borrowers who don’t yet meet conventional lending criteria. We focus on providing flexible, tailored solutions that help clients improve their financial profiles and eventually transition back to conventional lenders such as banks.
One of our key strengths is personalized service, crafting mortgage solutions and terms that address the specific circum -
stances of each borrower. We also offer faster approvals and quicker access to funds, reducing the wait times often associated with banks. Moreover, alternative lenders specialize in working with clients who have unique financial situations, including self-employed borrowers or those with less-than-perfect credit histories. By leveraging these strengths, alternative lenders can effectively fill the gaps left by major lenders and better support underserved borrower segments.
How have you adapted your mortgage products over the last year to stay competitive for borrowers? What should brokers know about these products?
KF : Borrowers have been under an increasing level of financial stress over the past few years, particularly with the ongoing uncertainty from trade tensions, tariffs and sticky inflation. This has resulted in many borrowers having lower credit scores than they would have in a more stable environment. While many lenders focus heavily on Beacon scores, CMI takes a more comprehensive approach. We consider the full story of each borrower, including their income, equity, exit strategy, and other supportive factors, rather than relying solely on Beacon scores or other strict metrics.
Brokers should know that our flexible approach allows us to better accommodate borrowers who might be excluded by traditional lenders. By evaluating the complete financial picture, we can offer customized mortgage solutions that meet the needs of a wider range of borrowers. This approach not only helps underserved borrowers secure the financing they need but also positions brokers to provide more competitive and comprehensive options to their clients.
GB: In the past year, we rebuilt our product suite to help brokers thrive. Key developments include the Flex 83 – a true 80 percent LTV with capped fees; the B-Low Doc – a 5.99 percent rate with a 2 percent fee split and no NOAs or bank statements required; second mortgage tier pricing. We have reclassified key Albertan markets like Airdrie, Leduc, and Okotoks as “A” locations. This will offer brokers broader access to our best pricing for clients who are not in the massive cities like Calgary and Edmonton. We never do “one-size-fits-all,” “off-therack” loans; these are hand-stitched and
individually tailored for each and every client. If a broker has a client in a peculiar situation, give us a call. Chances are, we have encountered something like this before and can try to customize a product to make it work.
What programs or resources do you offer to support brokers? Are there any recent changes that have been made based on broker input?
KF: We continually seek and incorporate
ensuring we provide the most effective support and resources possible – particularly when borrowers are facing urgent challenges like a shortfall on closing.
Our broker partners frequently express their appreciation for our collaborative approach, especially when a borrower faces difficulties. Rather than immediately imposing fees or penalties, we work closely with borrowers to help them get back on track. This approach helps our broker partners to facilitate a smooth exit and enables borrowers to transition to a traditional lender at maturity.
programs that, in certain situations, allow select brokers to access higher loan-to-values – up to 85% – and offer solutions for borrowers who may be facing a power of sale with another lender.
Many borrowers simply need time to organize their finances, and CMI provides brokers with practical solutions to help their clients through these difficult but temporary situations and deliver results when it really counts.
GB: At Alta West, we believe that brokers are partners, not clients. Every initiative we launch is designed according to the
“We never do ‘one-size-fits-all,’ ‘off-the-rack’ loans; these are handstitched and individually tailored for each and every client”
George Botros, Alta West Capital
conversations we have with them. This year, our Broker Loyalty Program paid out over $28,000 (not including our charitable matches) across 121 deals, including many with first-time partners, while our Referral Program continues to expand our network. We introduced a “Deal Rescue Hotline” to
provide urgent, frictionless support on time-sensitive files, and we have broadened our educational support with product sheets, podcasts with expert advice, and a bi-weekly marketing campaign chock-full of scenario guides, advice, and critical updates in order to support brokers structuring deals. To top
this all off, we created a dedicated Inside Sales role to offer a white-glove service on complex cases. In essence, we listen to our broker partners and simply give them the tools they need to craft quality deals.
What is your outlook for the Canadian economy and mortgage market over the next 12–18 months?
KF: We expect little to no economic growth through the latter half of this year, followed by modest growth in 2026. Headline inflation is projected to ease to around 2 percent by 2026 and remain stable. Mortgage rates are likely to stay within a narrow range. For
Up to 65% LTV
Purchase /Refinance
No NOAs or bank statements required for business-for-self applicants
Closed, one-year term
600 Min beacon score
Urban marketable residential properties in BC, AB, and ON
brokers, this points to a relatively stable rate environment.
GB: The Canadian economy is projected to grow modestly, around 0.8% by the end of 2025, according to the Bank of Canada’s Market Participants Survey. With the policy rate holding steady at 2.75% for three consecutive quarters and 10-year bond yields easing by 10 basis points, alternative lenders stand to benefit in either direction: from lower funding costs and improved borrower affordability if conditions ease, or from heightened demand as more borrowers fall outside traditional lending criteria. Against headwinds of housing weakness and trade uncertainty, and potential tailwinds from
fiscal easing, many experts expect a modest BOC rate cut before year-end, potentially targeting 2.25%. For traditional banks, this backdrop likely means tighter lending standards. For alternative lenders, it creates a strategic moment of advantage, where speed, flexibility, and tailored solutions such as
sustained growth, supported by affordability, energy sector resilience, and inward migration, while Ontario and British Columbia inch toward stabilization, with home prices likely (or, more aptly, hopefully) bottoming by early 2026. The sharpest declines appear to be behind us, though buyer caution will persist amid broader economic uncertainty. As the BOC’s easing path navigates trade tensions, a fragile housing recovery, and cracks in employment, borrowers will increasingly turn to flexible, interim financing to manage a volatile, low-visibility environment. In this context, private lending has evolved well beyond being a last resort. In fact, it has become the lender of reality, and its relevance
For the 'Just in Case' and
CMI at 20: Broker-driven success
From basement-based brokerage to broker-focused powerhouse, CMI became a national leader by delivering real-world solutions, personalized support, and a steadfast commitment to helping partners succeed in an increasingly complex mortgage market
FROM THE beginning, CMI recognized the strategic value brokers bring to the lending life cycle. That insight shaped the company’s earliest days – a small startup with big ideas, created in founder and CEO Bryan Jaskolka’s basement – and continues to define its approach as the lender marks its 20th anniversary this year.
Lending exclusively through the broker channel, CMI draws on its brokerage roots and strong foundation of trust, alignment, and collaboration with its broker partners. The team at CMI focus on what they do best – underwriting and funding private mortgages – to clear the way for brokers to do what they do best: build in-depth relationships with clients and deliver tailored solutions.
“We’ve walked in brokers’ shoes; we understand firsthand the challenges they face and the value they bring to every mortgage transaction,” Jaskolka explains. “That experience informs every deal we write, and that clarity of purpose remains central to how we’re building for the future: as a responsive, flexible, and knowledgeable partner brokers can count on.”
20 years of mutual respect and shared purpose
When Jaskolka entered the industry as a broker over two decades ago, he saw how many creditworthy borrowers fell through the cracks of a system unable to handle anything outside the norm. He
also noticed the lack of trusted alternatives and the limited use of technology – and believed there was a better way.
Intent on delivering a more transparent, client-focused approach to lending – and leveraging technology to simplify and modernize the process – Jaskolka launched CMI. As private lending grew from niche option to mainstream solution, CMI’s flexible and resilient model continued to adapt,
challenges like reducing turnaround times and fully digitizing the end-to-end lending process,” Jaskolka says, adding that he surrounds himself with others who share “a spirit of curiosity” that ensures the lender is always questioning the status quo in order to stay one step ahead of what the market needs next.
“We invest in the tools and talent needed to scale smarter – from enhancing
“When brokers know they have a partner like us, who’s committed to their long-term success – not just the next deal – it becomes the foundation for a lasting relationship”
Bryan Jaskolka, CMI
offering well-structured, accessible solutions for a diverse range of borrowers.
That foundational concept underpins CMI’s growth and success irrespective of market highs and lows. In the latest in a steady stream of recognition, the lender received the Centum Private Lending Award of Excellence at the Mortgage Awards of Excellence this year, underscoring that its business model works.
“Adaptability has always been part of CMI’s DNA as we set out to solve real
our digital capabilities to evolving our product lineup – while supporting brokers via innovation and education,” he notes.
With brokers firmly set as partners in the process, the relationship CMI fosters with them springs from mutual respect and shared purpose. It’s not just about funding a deal, Jaskolka stresses. It’s about working together to deliver the best possible outcome for a client. Meeting today’s needs and supporting tomorrow’s goals is what it’s all about, whether that’s creating a bridge
back to traditional financing or helping a borrower reach a key financial milestone. When a broker presents a clear scenario with a solid exit strategy, “we act quickly and confidently to get the deal done – and help brokers expand their reach and deliver value to their clients.”
CMI strives to be more than just a funding source. Beyond competitive terms and fast turnaround time, there’s also a sense of open dialogue that builds trust. Accessible every step of the way, CMI ensures that nobody is afraid to roll up their sleeves to get deals across the finish line. That doesn’t start with formal submission, but well before in helping to shape files for success.
“Every broker we work with is supported by a dedicated relationship manager who understands their business and their market,” Jaskolka says. “And when brokers know they have a partner like us, who’s
committed to their long-term success – not just the next deal – it becomes the foundation for a lasting relationship.”
Commitment to brokers continues to ‘guide and drive’ CMI
With changing regulations and borrowers’ increasingly intricate financial profiles, complexity is the new baseline. The good news is, it’s an environment in which brokers – and forward-thinking lenders like CMI that are unafraid to rewrite the script – really shine.
Far from an exercise in rate shopping, it takes real expertise to navigate the shifting sands of the industry: to understand a client’s whole picture, sort through options, deliver thoughtful advice, and connect them with the right solutions. The professionals who can do that are more important than ever.
CMI also understands that brokers helped shape it into the company it is today, from that basement-based brokerage to a leading national private lender. And CMI’s mission remains unchanged from its founding focus in 2005, Jaskolka notes, stressing that his business’s focus is still very much on empowering brokers with fast, flexible mortgage solutions – and ensuring they’re equipped for whatever comes next.
“That mission is what’s guided us for the past 20 years, and it’s what continues to drive us forward today,” he says. “Our anniversary is a moment to thank brokers for their ongoing trust. As we look ahead, we’re grateful for your partnership and excited for what we’ll accomplish together in the years to come. Thank you for being such an essential part of our journey.”
CANADIAN MORTGAGES INC.
brokers.thecmigroup.ca
888-465-8584
info@thecmigroup.ca
Lending markets: Ontario, Quebec, British Columbia, Alberta, and Atlantic Canada
Niche/focus: Customized private mortgage financing delivered exclusively through the mortgage broker channel. CMI offers flexible, innovative solutions tailored to your clients’ needs, backed by a reputation for transparent practices, collaborative partnerships, exceptional speed, and a common-sense approach to lending
Products: First and second mortgages, short-term and bridge loans, equity mortgages, and bundle mortgages
Customer types: A-, B-, and C-level credit. No minimum Beacon score. No maximum TDS/GDS
Income sources: All income types considered: salary, commission, business
for self, freelance, retired and equity
Property types: All residential properties, including one to four units, owner-occupied, rental properties, condos, and cottages. No restrictions on location. Remote and rural properties considered on a case-by-case basis
Purposes: Financing available for purchases, business working capital, debt consolidation, bridge loans, investment purposes, emergency purposes, tax or mortgage arrears, income relief, home renovations, and more
Maximum LTV: Up to 80% on first and second mortgages in major urban and suburban markets; up to 75% in smaller towns or rural locations. Blanket mortgages are considered on a case-by-case basis
Minimum Beacon: None
Servicing ratio: No maximum
Terms: 3, 6, 9, and 12 months. Custom terms and prepaid options are available
Rate type: Fixed
Maximum amortization: Up to 40 years or interest only
Fees: 2–3.5% on first mortgages, 3–6% on second mortgages. Fees dependent on location, income, credit, and security
Minimum loan amount: $50,000 on first or second mortgages
Maximum loan amount: Up to
$1.5 million in urban markets, with higher amounts considered on a case-by-case basis
Special features: No hidden application fees; early repayment penalties of no more than three months; prepaid (for all or part of term) available; open mortgages and custom term lengths available. Eligible second mortgage positioning behind CHIP/reverse mortgage and collateral-charge mortgages; high-ratio mortgage bundles and short-term/bridge loans available. Customized mortgage solutions tailored to your clients’ needs
Lending markets: Alberta, British Columbia, Ontario
Niche/focus: Providing alternative capital funding using an equity-based lending approach on all refinances/ purchases of residential properties
Products: First and second mortgages (up to 80% LTV); HELOC (75% LTV); new 83% LTV Bundle Solution (a true 80% LTV cash-out bundle)
Customer types: Business for self, new to Canada, bruised or damaged credit, etc.
ALTA WEST CAPITAL EQUITABLE BANK
Income sources: Stated income letter, articles of incorporation, or paystubs. Three months’ bank statements for 80%+ LTV
Property type: All residential homes
Purposes: Purchase, refinance, bridge financing
Maximum LTV: 83%
Minimum Beacon: None
Terms: 1-year or 2-year terms
Rate type: As low as 5.99%
Maximum amortization: Interest only or up to 35 years
Fees: Commitment fees starting at 2.00%
Finder’s fee: 1% (first mortgage only)
Minimum loan amount: $50,000
Maximum loan amount: First mortgage up to $3 million + a second mortgage up to $500,000 | $300,000 for Flex 80
Special features: Broker Loyalty Program (BLP) – earn up to 15bps on every deal you fund in a quarter. We have added a new charity enhancement to our BLP. For every deal funded, Alta West Capital will donate $100 to a charitable cause. All brokers who fund their first deal with Alta West Capital will be eligible for the BLP, and their first deal will be counted toward our contribution of charitable payout.
Lending markets: Alternative lending: national. Reverse mortgage: Ontario, British Columbia, Alberta, Quebec
Niche/focus: Alternative lending: Offer mortgages and HELOCs catering to clients that are self-employed, new to Canada, or rebuilding their credit. Reverse mortgage: Offer reverse mortgages for clients 55+ to help them access tax-free equity in their home
Products: Alternative lending: First mortgages, HELOCs, laneway/secondary suite construction mortgages. Reverse mortgage: Reverse mortgages in first position for clients aged 55 and up
Customer types: Alternative lending: Self-employed clients, new to Canada, and those looking for investment
properties. Reverse mortgage: Designed for clients 55 years and older that are looking to access equity to help with retirement, debt relief, or early inheritance to family members
Income sources: Alternative lending: Self-employed (via bank statements or business financials), salaried, commission. Reverse mortgage: Pensioners, self-employed (via bank statements or business financials), salaried, commission
Purposes: Purchases and refinances of both owner-occupied and investment properties
Maximum LTV: Alternative lending: 80%. Reverse mortgage: 59% (depending on client’s age)
Minimum Beacon: 500
Terms: 1–5 years
Rate type: Fixed, ARM, fully open
Maximum amortization: 30 years
Fees: Alternative lending: 1% (no-fee options also available). Reverse mortgage: $995 set-up fee
Minimum loan amount: Alternative lending: $75,000. Reverse mortgage: $250,000 min. property value
Maximum loan amount: No maximum
Special features: Adjustable-rate mortgage terms with interest-only penalties. Will consider appraised value on new-construction purchases (not to exceed 100% of original purchase price). Laneway/secondary construction mortgages available in the GTA, GVA, and Calgary
GLENGARRY FARM FINANCE
Lending markets: Ontario, Manitoba, Saskatchewan, Alberta, British Columbia
Niche/focus: Agriculture
Products: First and second mortgages, bridge loans
Customer types: Farmers and agricultural producers who fall just outside traditional lending criteria but have strong land assets and viable operations. No tourism ventures, hobby farms, new farmers, wineries, equestrian, or non-ag enterprises
Income sources: Three years’
accountant-prepared financial statements or last three years’ T1 with Farm Schedule (T2042 Statement of Farming Activities), net worth statement (both personal and corporate), cash flow projection, or business plan demonstrating projected revenues and expenses for the coming year
Property types: Food-producing commercial farms and farmland
Purposes: Our clients are primary producers (crops and livestock) who may be facing short-term cash flow challenges, refinancing debt, expanding through land or equipment purchases, or navigating transitions like succession or restructuring
Maximum LTV: Up to 70%
HOSPER MORTGAGE
Property types: Urban, semi-urban, rural, well and septic, agricultural, vacant land
Minimum Beacon: 600
Terms: 1–3-year terms with interest-only options
Rate type: Fixed
Maximum amortization: N/A
Fee: 1% lender fee
Minimum loan amount: $500,000
Maximum loan amount: None
Special features: To accommodate variability in farm cash flow, we offer interest-only mortgages, payment frequencies other than monthly, or, on a case-by-case basis, large lump sum pre-payments
Lending market: Ontario
Niche/focus: We reject the “fit-in-the-box” approach; Hosper fits the box to your client. Our edge lies in three pillars: speedy approvals within hours, consistent commitments, and high flexibility tailored to each borrower’s needs
Customer type: All borrowers seeking private financing are welcome (no income, no GDS/TDS, no Beacon, no credit requirements)
Purpose: Simplifying and streamlining private lending with transparency, trust, and dedicated support. We live for lightning-quick service and seamless funding so brokers can focus more time on their clients
Maximum LTV: 80%
Minimum Beacon: N/A
Income document: N/A
Terms: 1 year partially open (3 months’ interest penalty); 1 year open after 3 months; 6 months open or closed
Rate type: Fixed
Payment types: Interest only; principal + interest
Maximum amortization: 40 years
Fees: Starting at 1%
Minimum loan amount: $30,000
Maximum loan amount: $1 million (up to $1.5 million case-by-case for <65% LTV)
Special features: Fully prepaid options, bundle mortgages, cross-collateralization, rush closings, lending behind CHIP/ reverse, in-house renewals team, fee splits/swaps, and exclusive perks for top broker partners. Second mortgages are registered behind the outstanding mortgage balance, including step and collateral mortgages
KEYSTONE MORTGAGE INVESTMENT CORPORATION
Income sources: BFS, salary, commission, retired, other non-traditional income. Low-doc requirements
Lending markets: Atlantic Canada –Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland
Niche/focus: Personalized loans for unique short-term financing needs, including solutions for real estate investors – flips, renos, multi-units, rental portfolios
Products: First and second mortgages, bridge loans, blanket mortgages, ETO, renovations, new home construction, tax arrears, quick close, relocation loans, title transfers
Customer types: All considered, including thin or limited credit
OPPONO LENDING
Lending market: Ontario
Niche/focus: We specialise in equity-based lending for single-family dwellings – including detached homes, semi-detached homes, and townhouses. Our focus is on providing both first and second mortgages across Ontario, tailored to meet the diverse needs of homeowners
Products: First and second mortgage up to 80%, and HELOC 75%
Customer types: All applicants with Canadian citizenship or PR are welcome
Property types: SFD dwellings (detached, semi-detached and townhomes)
Property types: Residential, small multi-units, detached, townhouses, semis, condos, cottages, small balance commercial. No geographic restrictions. Rural properties considered with strong exit
Purpose: We source short-term mortgage financing opportunities through licensed mortgage brokers, secured to residential and multi-unit properties across Atlantic Canada
Maximum LTV: 75%
Minimum Beacon: No minimum
Terms: 6- or 12-month OPEN terms
COMPANY
Purposes: Funds available for purchases, refinancing, bridge loans, debt consolidation, investment opportunities, home improvements, and more – focused on equity-based lending for single-family properties across Ontario
Maximum LTV: 80%
Minimum Beacon: 640
Terms: 1-year term, with 6-month open options available
Rate type: Fixed
Maximum amortization: Up to 30-year amortization on select products. Interest-only available on select products with a rate premium
Fees: First mortgage 1.99–2.24%, second mortgage 2.99–3.24% (terms and conditions apply)
Rate type: Fixed
Maximum amortization: Interest only
Fees: 3%+
Minimum loan amount: $50,000
Maximum loan amount: $1.25 million (larger loans on exception)
Special features: Blanket mortgages, cross-provincial mortgages (including Ontario), fee reductions for bridge loans
Minimum loan amount: $75,000
Maximum loan amount: $2 million (sliding scale – contact for details)
Special features: No income verification, no debt servicing conditions, aroundthe-clock support, and quick turnaround times. Second-position lending behind a first collateral charge. Customizable loan terms and payment plans
OPTIMUM MORTGAGE
Property types: Owner-occupied residences, rental properties, second homes and vacation properties, agricultural-zoned properties (case by case)
Lending markets: Across Canada (excluding Quebec and Northwest Territories)
Niche/focus: Alternative lending solutions for clients outside traditional bank guidelines, with a focus on self-employed, commissioned, or credit-challenged borrowers
Products: Fixed- and variable-rate mortgages, bridge financing (available nationally), rental property financing, second homes and vacation properties, purchase and refinance options
Customer types: Self-employed, commissioned, or contract workers; creditchallenged borrowers, including those with previous bankruptcies or consumer proposals; real estate investors; clients seeking flexible solutions not available through traditional lenders
Income sources: Traditional and non-traditional income verification, including business financials, bank statements, and stated income for qualified borrowers
Purpose: To empower brokers and their clients with flexible, human-focused mortgage solutions that open doors where traditional lending can’t
Maximum LTV: Up to 80% (varies by product and property type)
Minimum Beacon: 500+
Terms: 1–5 years
Rate types: Fixed and variable
Maximum amortization: Up to 30 years
Minimum loan amount: $100,000
Maximum loan amount: $1.5 million+ (varies by location and property type)
Fees: Lender fees or Flex Fees apply; no-fee options available
Special features and competitive advantages:
• Portable mortgages: Keep your existing rate and terms when moving
to a new property
• Prepayment options: 20/20 or double-up payment flexibility for faster mortgage payoff
• Blend and extend options: Adjust term and rate without breaking your mortgage
• Payout flexibility: Ability to pay out consumer proposals, property taxes, personal taxes, and corporate taxes
• Business ownership advantage: We will finance in a company name with the borrower’s personal guarantee
• Credit recovery solutions: Consideration of previous bankruptcies with less restrictive requirements than traditional lenders
• Expanded property consideration: Will finance properties zoned agricultural on a case-by-case basis
• Elevated ratios: Will consider higher qualifying ratios where the deal makes sense
• Make-sense lending philosophy: We focus on the full picture, not just the credit score – customized solutions for unique borrower circumstances
• Big Six bank stability: Backed by National Bank of Canada, combining alternative lending flexibility with institutional strength
www.phlcapital.com
604-579-0846
Lending markets: British Columbia, Alberta, and Ontario
Niche/focus: Alternative lending in the Canadian real estate market, with a focus on quick approvals and flexible deal structures
Products: First and second mortgages on open and closed products (up to 75% LTV). First and second mortgages available on open residential, construction, commercial, and land products. First and second mortgages available on closed residential products
Lending markets: Ontario – emphasis on Southwestern Ontario and Niagara region
Niche/focus: Direct non-institutional commercial mortgage opportunities. Investor and portfolio friendly
Products: First mortgages, bridge loans, construction loans, development and servicing loans, renovation financing, portfolio blanketing loans, equity take-out mortgages
Customer types: Real estate investors, builders, developers, business owners. All income sources and credit scores considered
townhomes, acreages) (BC, AB, ON); construction (owner or spec build) (BC, AB); commercial (industrial, retail, office, mixed use) (BC, AB); land (acreages, building lots, land development) (BC only)
Purpose: PHL empowers mortgage brokers by providing flexible financing solutions for residential, commercial, construction, and land properties
Maximum LTV: Up to 75% LTV for residential and commercial properties, and up to 65% LTV for construction and land properties
Terms: No prepayment penalty on all open products; 3-month prepayment penalty on closed residential products
Fees: Minimum lender fee is $1,500 on first and second open mortgage products
Minimum loan amount: $50,000
Maximum loan amount: $40 million
Special features: PHL acts as your strategic partner, offering same-day feedback and commitment within 24 hours. Our team has straightforward guidelines and does not require borrowers to meet a minimum credit score
Property types: Development and raw land, construction sites (infill and low-rise/retail/industrial), industrial, multi-family, mixed-use, retail plazas, office, hospitality
Purposes: Acquisition, refinance
Maximum LTV: 65%
Minimum Beacon: N/A
Terms: 12–24 months
Rate type: 11–12%
Maximum amortization: Interest only
Fee: 2%
Minimum loan amount: $1 million
Maximum loan amount: $30 million
Special features: Now offering a Success Fee program for new and existing mortgage brokers/agents. Conditions apply. Connect with us to learn more
THREEPOINT CAPITAL
www.threepointcapital.ca
1-800-979-2911
Lending markets: British Columbia, Alberta, and Ontario
Niche/focus: Creative solutions-based flexible lending on marketable residential properties in urban locations, for those who do not qualify for traditional lending
Products: First and second mortgages
Customer types: Private individuals, non-residents, and new to Canada, as well as holding companies with personal guarantees of all directors
Income sources: Hourly and salaried employees, self-employed, stated income, and retirement income are accepted,
subject to overall comfort on ability to pay
Property types: Residential owner-occupied or rental, single-family detached, townhouses, duplexes, fourplexes, and condominiums
Purposes: Purchases, refinances, equity take-out, debt consolidations, and renovation projects
Maximum LTV: Up to 75% LTV
Minimum Beacon: 600
Term: 1 year. Renewals offered to borrowers in good standing with a fully transparent renewal process that provides peace of mind
Rate type: Fixed rate with options for an open term
Maximum amortization: Up to 40-year
amortization available, and interest-only considered on first mortgages up to 70%
Fees: Our Pathfinder rate program allows you and your client to choose between no lender fee and a higher rate or a lower rate and a 1% or 2% fee, depending on what best suits your client’s needs. Our Elevation rate program offers a 3% split fee (50% lender fee, 50% Brokerage Finder’s Fee)
Minimum loan amount: $50,000
Maximum loan amount: $1.75 million on a single property; $3 million inter alia on first mortgages, $500,000 on second mortgages
Special features: Our team delivers flexible alternative lending solutions through Pathfinder & Elevation programs, plus 1st mortgage construction financing in BC
Lending markets: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario
Niche/focus: Equity, residential, urban, mortgage lender, direct to licensed mortgage brokers/agents. Transparent LOW lending fee structure with simple, easy to understand products done efficiently
Products: Equity-based first and second mortgages, open or closed at the same rates
Customer types: Individuals, self-employed, holding companies, salaried or commissioned employees with any level of credit considered
Income sources: Stated income with no debt-servicing requirements. Notice of
assessment for self-employed borrowers required to confirm any outstanding tax payable
Property types: Urban single-family, townhomes, condos, row homes, multi-family, leasehold (BC), and inter alia/blanket mortgage specialists
Purposes: Purchases: owner-occupied or rental at same pricing. Refinance including equity take-out for investment purpose, business capital, debt consolidation, arrears, foreclosure/power of sale rescue
Maximum LTV: Up to 75% in urban markets. Contact your BDM with an address for the quickest turnaround and help with deal structuring
Minimum Beacon: None
Term: 1-year open or closed at the same rate
Rate type: Fixed
Maximum amortization: Up to 35 years. Interest-only available for LTV under 65%
Fees: First and second mortgages with the same fee structure. 1% for an open term. Fixed fees start at only $750 for a closed term. Renewal fee is only $200!
Minimum loan amount: $50,000
Maximum loan amount: $2.5 million
Special features: 30+ years of history and experience in the private lending market. Business development managers are empowered to make decisions and have the knowledge to help you with any deal structure. Rate buy-downs and interest reserves options are available. You set your own broker fee; you earned it!
MORTGAGES DESIGNED FOR LIFE’S EXCEPTIONS
When your clients don’t fit the banks’ one-size-fits-all rules, you need a lender that meets them where they are. That’s where CMI comes in. We work exclusively with brokers to deliver fast, flexible solutions tailored to borrowers with unique financial needs.
Why CMI?
With 20 years of experience backing Canadian brokers, CMI delivers:
Nationwide lending, from urban hubs to smaller communities Flexible financing for complex borrower scenarios
Common-sense underwriting with no cookie-cutter criteria or minimum Beacon score
Transparent, case-by-case pricing
Customizable terms with prepaid options available
Because Borrowers Don’t Come Standard
Dedicated Brokerage Relationship Managers offering expert deal support
From self-employed clients to those with complex finances, challenged credit or tight timelines, we specialize in solutions for borrowers traditional lenders overlook.
Let’s talk about how we can help you close more deals — and serve clients the banks can’t.
