Your pathway to Private Mortgages
THE COMPASS GROUP
Your pathway to Private Mortgages
The Compass Group
What is Private Mortgage Lending?
We are right for you!
Private lenders in Canada offer alternative financing solutions that differ from traditional banks and lending institutions. Private lenders play a crucial role in providing financing options beyond what is traditionally offered, especially for borrowers with unique situations or property-related challenges
Paul Ivany
The Compass Group
Paul Ivany has been an active participant in the financial services sector since 1977. His expertise spans various aspects of lending and related financial management. Over the past 25 years, Paul Ivany has focused exclusively on end to end
private mortgages investing. The Compass Group was founded in 1980.
25+ YEARS
Paul Ivany
The Compass Group
Paul Ivany has been an active participant in the financial services sector since 1977. His expertise spans various aspects of lending and related financial management. Over the past 25 years, Paul Ivany has focused exclusively on end to end private mortgages investing.The Compass Group was founded in 1980.
25+ YEARS
Key Features
Private Mortgage Loans
Our Purpose
Private lenders offer mortgage loans to borrowers who may not qualify for traditional bank mortgages due to factors such as poor credit, high debt, or non-traditional income.
Short-Term:
These loans are usually short-term, ranging from 6 months to 3 years.
Interest-Only:
Borrowers typically pay only the interest during the loan term.
Property-Centric:
Private lenders focus more on the property’s value and condition rather than solely relying on the borrower’s credit and income.
Emphasis on Property Value
Primary Factor & Flexibility on Collateral
Unlike banks, private lenders consider the property’s value as a primary factor. If the property has substantial equity, private lenders may be more willing to provide financing.
They are often more flexible in evaluating collateral, which can benefit borrowers with unique circumstances
Emphasis on Property Value
Primary Factor & Flexibility on Collateral
Unlike banks, private lenders consider the property’s value as a primary factor. If the property has substantial equity, private lenders may be more willing to provide financing.
They are often more flexible in evaluating collateral, which can benefit borrowers with unique circumstances
Exit plan Consideration
Collaboration & Exit Strategies
Unlike banks, private lenders consider the property’s value as a primary factor. If the property has substantial equity, private lenders may be more willing to provide financing.mortgages they cannot afford.
Exit plans may involve refinancing, selling the property, or improving credit to eventually qualify for a traditional mortgage
Any Questions?
Frequently Asked Questions
How does The Compass Group ensure the security of my investments?
We prioritize the security of our lenders' investments by conducting thorough due diligence on potential borrowers and their proposed real estate projects. Additionally, we implement stringent risk management protocols and provide ongoing monitoring to mitigate risks and protect lenders' capital.
What are the benefits of private mortgage lending compared to other investment options?
Private mortgage lending offers several advantages, including potentially higher returns, diversification of investment portfolios, and greater control over investment decisions. Additionally, private mortgage loans are secured by real estate assets, providing added security for lenders.
What types of properties can I invest in through private mortgage lending?
At The Compass Group, we offer opportunities to invest in various types of real estate properties, including residential homes, commercial buildings, and land development projects. Our diverse portfolio allows lenders to choose investments that align with their preferences and risk tolerance.
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Regulatory Requirements contracted to MOR Mortgage 12760 Ontario,
Mortgage Agent # M12000692