Private mortgage lenders in Burnaby may help when a bank cannot approve the property, income, credit profile, timing, or loan purpose under standard rules.
At Seven Lending, we provide private first and second mortgages secured against Burnaby real estate. We review the property, available equity, mortgage position, loan-to-value ratio, term, costs, risks, and exit plan before setting the mortgage structure.
Burnaby files can involve high-rise strata homes, mixed-use properties, investment units, older detached homes, unique property use, or a short closing deadline. Each situation needs a lender that understands the property and repayment route.
The loan structure should match the property, amount required, deadline, mortgage position, and expected repayment source.
A private first mortgage can support a purchase, refinance, maturing loan, or property that does not fit conventional lending. It becomes the primary charge on title.
A second mortgage sits behind the current first mortgage. It may release equity without breaking a strong first-mortgage rate or term.
Review how a second mortgage worksA private lender may consider the property, equity, cause of the credit issue, self-employed income records, recent payment history, amount requested, and exit plan.
Lenders may request strata fees, minutes, depreciation reports, insurance, special-assessment details, bylaws, rental restrictions, and an approved appraisal.
Investment files may involve leases, market rent, vacancy, legal use, property condition, operating costs, and the investor’s exit strategy.
Review investment property mortgage optionsA property with residential and non-residential space may require zoning confirmation, leases, rental or business-use details, a suitable appraisal, and a lender comfortable with the use mix.
Property equity is the lender-accepted value minus the mortgage debt already secured against the property.
The amount a private lender may offer depends on the accepted value, mortgage position, combined LTV, property type, and closing costs.
A second mortgage may preserve the current first-mortgage rate or term.
A refinance may combine the required funds and existing debt into one new first mortgage.
The current mortgage balances and proposed private mortgage are measured against the lender-accepted property value.
Private mortgage pricing is file-specific. Compare the complete cost and written term instead of relying on one advertised rate.
*Interest rates are compounded monthly, not in advance.
*All content is subject to change without notice.
* Terms and conditions apply.
* Final approval is at the sole discretion of the lending committee.
*The APR mentioned here is higher than the rate because it assumes additional costs including lender fees, applicable service fees and legal fees plus other costs not limited to title insurance, appraisal costs etc. for a 1st or 2nd mortgage offered by Seven Lending.
*Numbers are estimate only and provided to show an illustration, for up-to-date numbers and exact APR please refer to Fixed Credit Disclosures of the offering or contact Seven Lending.
Current disclosure notes are maintained on our private mortgage rates page. Exact terms come from the written lender commitment and cost-of-borrowing disclosure.
A private mortgage decision should be based on the property, written lender terms, full cost disclosure, and a realistic route out.
Minutes, insurance, depreciation reports, special assessments, bylaws, and rental rules can affect the lender match.
We compare first and second mortgage structures and calculate the combined secured debt against the accepted property value.
Self-employed income, rental income, mixed-use space, and property use may each require different documents.
The monthly payment may not show the full risk. We also review the maturity balance, renewal terms, and planned repayment date.
Interest, APR, lender and service fees, appraisal, legal work, prepayment rules, and net funds should be reviewed together.
The exit may be a refinance, sale, debt reduction, stronger income documents, completed renovations, or another confirmed source.
Burnaby’s four town centres are Metrotown, Brentwood, Lougheed, and Edmonds. Property type and density can change the appraisal and lender review.
High-rise and strata files may require stronger building documents, insurance review, appraisal support, and special-assessment information.
Detached, industrial-adjacent, mixed-use, rental, and redevelopment properties can require different appraisal evidence and lender review.
A private mortgage can move smoothly only when the property, documents, lender conditions, legal work, and exit plan are organized.
Share the address, estimated value, mortgage balance, amount required, loan purpose, deadline, and preferred exit.
We organize title, mortgage statements, appraisal details, income support, purchase documents, strata records, leases, or property-use information as needed.
Review the amount, rate, APR, term, fees, payment, mortgage position, conditions, prepayment rules, and maturity date.
The lender funds after all conditions are met. The refinance, sale, or repayment plan should be monitored before maturity.
A private mortgage should solve a short-term problem without creating an unclear maturity deadline.
Interest-only payments may reduce the monthly amount, but the full principal can remain due at the end of the term.
Renewal is not automatic. A delayed refinance, sale, or project may lead to new fees, a higher rate, or pressure at maturity.
The plan may be a refinance, property sale, debt reduction, completed renovation, stronger income records, or another confirmed source.
A detailed private mortgage exit strategy should include target dates, required improvements, expected costs, and a backup route.
Share the property address, estimated value, mortgage balance, amount required, loan purpose, deadline, income situation, and preferred exit.
For strata, high-rise, mixed-use, or investment files, also include strata details, leases, rental income, property-use details, and any known assessment or building issues.
We will review the likely private mortgage structure, expected documents, costs, conditions, and repayment requirements. The goal is a workable short-term mortgage with a clear route out.
Our team is made up of dedicated professionals who are passionate about helping our clients succeed. We are proud to be your neighbours and your trusted advisors.
The visionary behind Seven Lending, our Managing Broker oversees all lending operations and ensures regulatory compliance. With a deep understanding of the private mortgage market, he focuses on risk management and strategic growth. He mentors the team while fostering high-level relationships with institutional partners, ensuring every transaction aligns with our core values of integrity and efficiency.
Our BDM is the primary bridge between Seven Lending and the broker community. He focuses on expanding our network, identifying new market opportunities, and providing creative structuring for complex private deals. Known for his responsiveness and industry insights, he ensures that our lending products meet the evolving needs of our partners and their clients.
Our Mortgage Broker is a dedicated client advocate, specializing in custom private lending solutions. She manages the end-to-end application process, expertly navigating unique financial scenarios to secure the best possible terms. By prioritizing clear communication and fast turnaround times, she helps borrowers bridge financial gaps and achieve their real estate goals with confidence.
She works with precision and speed. She is responsible for evaluating loan applications, assessing property valuations, and analyzing risk to ensure sound lending decisions. By working closely with brokers and BDM, she streamlines the approval process. For her, underwriting isn’t just about checking boxes—it’s about providing the clarity and speed you need to move forward with your real estate goals.
As the creative spark and organizational anchor of Seven Lending, our Administrative Assistant and Social Media Coordinator ensure our office runs like clockwork while our brand shines online. She is the voice of our digital community, crafting engaging content that demystifies private lending. Whether streamlining logistics for a smooth closing or sharing industry insights, she makes the mortgage process feel less like paperwork and more like a shared success story.
*After submitting this form, we will contact you within 24 hours.
*After submitting this form, we will contact you within 24 hours.