The Private Mortgage Market
Mortgages secured by Canadian real estate, especially homes, are one of the most secure investments in the world. This is because no other security maintains its value like real estate, particularly residential, while also providing such a reliable income stream. That is why institutional and private lenders have such a high amount of capital invested in mortgages.
In fact, the private mortgage segment of this market in Canada exceeds $160 billion and represents, according to Statistics Canada, approximately 40% of all mortgages. Private mortgage lenders provide residential and commercial mortgages to thousands of borrowers in
Canada seeking alternatives to banks, trust companies,
credit unions and other traditional institutional lenders.
That is the reason, why many qualified individuals and
corporations prefer to obtain mortgage financing from
a private lender suited to their individual needs.
A “private” mortgage is funded by an investor, be it a corporation or a private party, or by a group of such investors, instead of a financial institution like a Bank or Trust Company. Interest paid by the borrower becomes
income to the investor(s). Private mortgage lenders obtain the same legal security in a mortgage as a Bank or any other institutional lender does, via lawyer’s registration on title.
THE LEXXCO GROUP OF COMPANIES
(“Lexxco”) is well positioned to allow investors to safely invest in profitable private mortgages while at the same time offering the expertise, professional and efficient personal service and convenience required by qualified borrowers.
Contact Us
924 The East Mall Suite 300
Toronto,Ontario,Canada
M9B 6K1
Phone: 1.877.879.6753
Fax: 416.621.3092
Map