Private Lending

Private Lending

private lending

Having issues gaining traction with traditional lenders,
despite your well-established equity? TeamClinton can help with that, too.

As entrepreneurship continues to pick up momentum in Halifax (and Canada), is it any surprise so too has the practice of private lending?

Private lending, borrowing from an individual or company instead of a bank, can be used as an alternative to traditional financing for transactions considered higher risk- like entrepreneurs without a dependable income.

Typically private lending rates are much higher than traditional lenders, which is why TeamClinton uses it as a stop-gap until we can get our clients back into a traditional lending agreement.

If you’re having issues becoming approved through traditional channels, and have equity, private lending may work for you. Contact us today to get started on your homeownership action plan!