Request Information


We get all situations approved

Need To Borrow Money? Own Your Home? No Credit   No Income   No Problem

Bridge Financing

Get Approved in 3 Simple Steps
Step 1

    Select Type of Loan

  • or

    Select Mortgage Request

  • or

Step 2
  • Property Value
  • $ 50,000
  • Mortgage Request
  • $ 50,000
Step 3
Your Estimated Monthly Payment *

  • 24 Hour approvals always has friendly... Read More
  • quick closes

    We are the quickest funder of private... Read More
  • free appraisals

    We reimburse the cost of your appraisal... Read More
  • lowest rate

    You can feel confident knowing that... Read More

Bridge Financing Mortgages

If the closing date of the home you’re purchasing is before the closing date of the home you’re selling then you may find yourself in a bit of a financial pickle. You may not be able to afford to pay the mortgage on your current home and your new home at the same time. You will also need funds for your down payment and other fees associated with purchasing a home. However, there is a solution that will allow you to stay afloat financially after you’ve sold your current home and wait to move into your new one. offers bridge financing to ensure you’re covered during that “in-between” time.

What Is Bridge Financing?

Bridge financing is a loan provided to a borrower whose purchasing date of their new home occurs before the closing date of their old home. If you have sold your home in 90 days but have purchased a new home that requires a down payment within 60 days, a bridge loan will cover the 30 day period where your cash flow and down payment money will be very tight.

Due to the equity you would use for a down payment being tied up in your current home, we will provide you with the necessary amount for the down payment on your new home. Bridge financing is available to anyone that requires money to hold him or her over until they receive the payment from the sale of their old home. When your property is sold, you then pay back the bridge loan with the proceeds.

How Is The Amount For a Bridge Loan Determined?

There is interest for bridge financing, yet, the loan’s short term makes the interest almost inessential. For example, you will only need the loan for between 30-90 days, which means the interest will be minimal. Bridge financing is calculated as the purchase price of your new home minus the sum of the deposit on your purchase and the mortgage amount. When the bridge loan is paid off, you will not be able to access it again like you would with a line of credit. However, you’ll have made the down payment on your new home and won’t need your bridge loan anymore.

Why Should You Use Instead Of Your bank?

The simplest fact is that your bank won’t provide bridge loans. Private lenders like us are more sympathetic to the different financial needs of Canadians and understand that not everyone has cash lying around to use for down payments whenever they feel like it. Your bank can only provide traditional mortgages, which is why you need for this kind of loan. Bridge financing is not considered a traditional loan like a first mortgage or refinancing and at, our experts will assist your through every step of the way.

If you are in need of bridge financing, contact us today. is committed to our clients to ensure they are able to purchase a new home while they wait for their old home to close.


Current Mortgage

  • Home Worth $300,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • $50,000 Mortgage Requested
  • $25,000 Tax Arrears $500/month
  • $25,000 Credit Cards $750/month
  • Total $2,750/month

Second Mortgage

  • Home Worth $300,000
  • Current Interest Rate 3.0%
  • Current 1st Mortgage Payment $1,050
  • $250,000 Mortgage Balance
  • 2nd Mortgage Payment $250
  • $25,000 Tax Arrears Paid
  • $25,000 Credit Cards Paid
  • Total $1,300/month
You Save $1,450/month!


We get all situations approved

Latest Blog

What To Consider When Shopping For Mortgages

Posted by | Jun 27,2016

Are you thinking about purchasing a home? If so, then here are the questions you need to consider before you start shopping for a mortgage. What type of lender do you want to use? Mortgages are available through a wide variety of sources. You can obtain a home loan directly through lenders such as credit unions, mortgage companies, and commercial banks. You can also use a mortgage broker, who can contact lenders for you and present you will several different offers. Read More

View All


Being a new resident from another country and working for yourself can pose a lot of problems financially and I tried a number or people before finding Privatelend. Alicia and Sunny were quick, helpful and just made my life a whole lot easier. I can breathe again. I would recommend anyone to use them in a heartbeat.

D & E, North York

Thanks again for getting us back on track with our finances. You are all very pleasant and I have nothing but admiration for your professionalism with us in this big step we have taken at this stage of our life. We wish you the very best always.

K & S

I just finished a refinance with privatelend but it would not be complete unless I gave a shout out to my contacted people Alicia and Sunny they were competent ,prompt, easy to contact and very pleasant thanks a bunch girls great job.

Wayne from Whitby
View All