Mortgage Investment Corporations and private capital
Private and MIC lenders
Mortgage Investment Corporations and private investors funding mortgages outside both prime and B-lender programs. Provincially licensed; short terms (typically 1 year).
Best for
- Bridge financing while a clean exit is being assembled
- Equity take-outs that need to close immediately
- Files with no prime or B-lender option but a clear 12-month repair plan
Not best for
- Long-term borrowing
- Borrowers without a documented exit strategy back to A or B financing
Underwriting character
Equity-driven underwriting. The property and the exit plan matter more than the income story.
Document expectations
- Appraisal
- Mortgage statement for any existing financing
- Written exit plan with timeline and target lender
Rate character
Rates and fees materially higher than B; structured for short hold periods. Use as a bridge, not a destination.
Other lender categories
Written and reviewed by the Canadian Mortgage Compass Editorial Desk. This page is general information for Canadian readers and is not mortgage, legal, tax, or financial advice, and not an offer of credit. Rules, rates, and lender policies change; confirm your own situation with a licensed mortgage professional in your province. Editorial policy · Corrections