The direct private lending arm of the group that owns Sotheby’s International Realty Canada and Chestnut Park Christie's. We understand value where banks see risk.
1st & 2nd Mortgage Quick Quote
*Estimates only. All interest rates and fees are "starting at" pricing and subject to change without notice. Deals underwritten case-by-case.
A Peerage Capital Group Company
Perfect for upsizing in a tight market. Buy your new home before selling your current one. We bridge the gap with speed and flexibility, allowing you to move on your timeline.
Unlock the wealth sitting in your walls. Access up to 70-75% of your home's value for investments, business capital, or renovations without breaking your existing low-rate first mortgage.
Banks saying "no" due to self-employed income or credit blips? We look at the asset, not the T4. Consolidate high-interest debt or refinance a maturing term quickly.
Transparent pricing for Prime and High-End Assets in the GTA.
Best for: Purchases, Refinances, Debt Consolidation.
Best for: Equity Takeout behind low-rate 1st mortgage.
We are balance-sheet lenders. We lend our own funds. When we issue a commitment, we fund. No last-minute conditions.
Insights to help you structure better deals for your clients.
Most private lenders in Toronto try to bait you with a "5.99%" headline. Then you get the commitment letter, and the fees make your eyes water. At Peerage Mortgage Capital, we don't play hide-and-seek with the numbers. If you are looking for private money, you have lost the luxury of bank rates. You are paying for speed and liquidity.
If you have 25% equity (75% LTV) and a decent property in the 416 or 905 area codes, interest rates typically range from 5.99% - 7.99% with lender fees between 0.99% - 1.99%. This pricing reflects the stability of the Toronto real estate market.
If you are keeping your bank mortgage and just need to pull cash out behind it, rates generally sit between 9.25% - 10.99%. Fees are slightly higher here (0.99% - 2.99%) because the risk is exponentially higher in a second position.
The Bottom Line: If a private lender quotes you extremely low rates on a second mortgage, check the fine print. There is likely a massive "setup fee" or a 3-month interest reserve hidden in the back. We give you the net number upfront.
The Toronto luxury market moves fast. If your client finds the perfect home in Rosedale or Forest Hill, they often cannot wait 60 days to sell their current property. Sellers want clean offers without financing conditions. This is where the Peerage Bridge Loan wins deals.
The Scenario: Your client owns a $4M home in Oakville (mortgage free) and wants a $5M home in Toronto. Their cash is tied up in the Oakville house.
The Peerage Solution: We lend the down payment (or the full purchase price) for the new home, secured against the existing property. We can structure the loan with prepaid interest, so there are zero monthly payments during the transition. We close in as little as 48 hours. Because we are affiliated with Sotheby’s International Realty Canada and Chestnut Park, we understand the true value of luxury assets.
I see this mistake every day. A borrower gets declined by TD or Scotiabank. They immediately think, "I need a B-Lender." Maybe they do. But maybe they don't qualify.
The Great Misconception: People think B-Lenders (Alternative Lenders) don't check income. Wrong. B-Lenders are federally regulated. They *must* verify income. They can use "stated income" for self-employed people, but they still need to see reasonable business bank statements (6-12 months) that justify that income. If you cannot prove income, the B-Lender will decline you.
Enter Peerage: We operate differently. We lend primarily on the asset (the house). If your client's income shows $0 on paper (but they have cash flow), or their credit is <500, or they need money by Friday, Peerage is the solution. Don't waste 3 weeks fighting a B-Lender underwriter just to get declined. Start Private, clean it up, then move to B-Side next year.
There is an old saying in project management: "Fast, Cheap, or Good. Pick two." In mortgages, you can only pick one. The Big Banks are Cheap (4.5% rates), but they are slow. Peerage Capital is Fast (Funding in 48 hours), but we aren't cheap.
The "Opportunity Cost" Calculation: Let's say your client is an investor buying a distressed property. Purchase Price: $800,000. Market Value: $1,000,000 (It's a steal). The Catch: The seller needs to close in 7 days. If you go to a bank, you save 4% in interest, but you lose the deal. You miss out on $200,000 of equity. If you come to Peerage, you pay a higher rate, but you secure the property and capture the $200,000 equity gain.
We Sell Certainty: When we issue a Commitment Letter, we fund. We don't add conditions 24 hours before closing. We are a balance-sheet lender, meaning we lend our own funds.