Niche Mortgage Lenders in Toronto
Over the past few years, Niche lending solutions have become very popular. We define niche lenders as solution providers in the mortgage lending space that offer more unique solutions that what is considered the norm. For example, there used to be many lenders that offered "stated income" mortgage lending solutions. In 2018, and without any foreseeable changes in 2019, there are less lenders offering "stated income" solutions. Stated income, as one example, is using a client that is business for selfs business financials to debt service the mortgage instead of their personal income which is typically low for clients that are business for self. Most banks cannot offer stated income and clients need to turn to their mortgage agent/broker for a solution. The mortgage agent/broker then goes to lenders that offer these "Niche" solutions to provide other or alternative options the client may not have access to at the bank they are currently banking with. Other "Niche" lending solutions can include: Land Acquisition, Construction Financing, Mortgage for clients the are self employed, Foreign Investment, Purchasing under a HOLDCO or Corporate Name, Luxury Real Estate Purchases and Affluent Lending Solutions and the list continues. Our team is very familiar with "Niche" lending solutions:
WHAT WE DO
The Westlake Team arranges mortgages for residential & commercial clients. TWT continually builds and cultivate lending solutions so that it can be a singular point of contact for its clients and referral sources.
Our team is ultra-competitive in the residential mortgage space but is known for its creative lending solutions and Niche Lending Programs. This includes:
Finding the best terms for residential purchase, refinance and renewals.
Financing land acquisition and construction both residentially and commercially.
Lending solutions for Luxury Real Estate.
Lending solution for clients that are Business for Self.
Private lending solutions.
TWT takes a Top Down Approach in all mortgage scenarios. This means finding the best lending terms and solutions regardless of the type of loan.
The Westlake Team (TWT) is a group of mortgage professionals that help Canadians finance their real estate dreams. This includes; residential, commercial, construction and private lending.
The Westlake team is part of Dominion Lending Centres, which is the largest Mortgage Brokerage Network in Canada. This includes 230 + lenders, 350 + offices, 60,000 mortgage funded annually and $21 billion funded per year.
On a macro level, TWT focuses on business development & consultation for the purpose of mortgage origination. The emphasis is on building strategic reoccurring referral relationships.
On a day to day level, TWT focuses on the client experience and obtaining the most suitable lending solution. Significantly investing in infrastructure for a very smooth underwriting and fulfillment process.
TWT is based out of Oakville ON, with the majority of business in the Greater Toronto Area and Muskoka. DLC is Nationally Licensed and TWT has access to lending solutions in the USA.