Private HELOCs from 7.75% for Brampton properties. Built for trucking and transport business owners, contractors, multi-generational families, and self-employed professionals.
Brampton's homeowner economy runs heavily on transportation, trucking fleets, contracting, and small business. The same families that drove the city's growth over the last 20 years now own substantial equity — Brampton's average home price sits around $890,000 in early 2026 (down roughly 9% year-over-year), with typical detached homes in Springdale, Castlemore, and Mount Pleasant trading between $1.0M and $1.3M. Many were bought 10-15 years ago at half today's values.
But trucking and small-business owners share a chronic problem with traditional bank lending: business income flows through corporations in ways that don't read cleanly on a personal mortgage application. The bank wants two years of strong T4 income. Successful business owners take dividends, retained earnings, or controlled salaries that minimize tax — and minimize their bank-borrowing capacity at the same time.
Private HELOCs underwrite the home and the equity, not your tax-optimized salary. For a Brampton trucking owner with $600,000 of equity, the conversation moves from 'we need three years of T4s' to 'how much do you need and when do you need it?'
Fuel, repairs, insurance, driver pay, broker float — trucking burns cash daily and gets paid on 30-60 day terms. A private HELOC against your home is dramatically cheaper than business credit cards or factoring receivables.
A used truck or trailer at auction. Equipment financing approval is slow and the deal won't wait. Cash from a HELOC closes the purchase, you refinance to equipment financing later if it makes sense.
Brampton has one of the highest rates of legal second-suite conversions in Ontario. A $80,000-150,000 basement build adds $1,500-2,200/month in rental income — turning your home into a cash-flowing asset. HELOC funds the construction, the rent funds the payments.
Parents from overseas are joining the household. The home needs an addition, a separate entrance, an in-law suite. A HELOC funds the build without re-qualifying the entire household for a new first mortgage.
Your son or daughter is buying their first home in Brampton or Caledon. They need the down payment. You have the equity. A HELOC funds the gift cleanly.
Cambridge, Hamilton, Niagara — markets where down payments are smaller and rentals cash-flow. Brampton home equity funds the entry without disrupting your existing financing.
A family in Springdale owns a detached home worth $1.08M with a $340,000 first mortgage. The husband owns a small trucking company with three trucks and wants to access $200,000: $120,000 to fund the purchase of a used truck and $80,000 to build a legal basement apartment that will rent for $1,800/month. A second-position private HELOC at $200,000 puts combined LTV at 50%. Rate band: 10.50-11.50%. Interest-only payments on $200,000: approximately $1,750-1,920/month. The basement rent alone covers most of the HELOC payment, while the additional truck adds materially to business income. Time to funded: typically 10-14 days.
Springdale, Heart Lake, Bramalea, Mount Pleasant, Fletcher's Meadow, Sandalwood, Castlemore, Northwest Brampton, Vales of Castlemore, Snelgrove, Downtown Brampton, Madoc, Westgate.
Detached, semi-detached, townhouse, and most condos qualify. Rental properties qualify with a 0.25% rate premium. Properties in surrounding rural and edge communities considered case-by-case.
If your bank will give you the line you need at their rate, take it — bank HELOCs are cheaper. We help when the bank says no, when the bank says "yes but for less than you need," when you can't wait the 6-8 weeks bank approvals are now taking, or when your situation is too complex for an algorithm to underwrite.
For most clients, a private HELOC is a bridge — 12 to 24 months to get refinanced back to a bank product once income, credit, or property situation has stabilized. The fully open structure means there's no penalty when that time comes.
Most Brampton files close in 7 to 14 days from approval. The bottleneck is usually the property appraisal and lawyer scheduling — both of which we can rush for urgent files. We've closed Brampton deals in 72 hours when the timeline demanded it.
Yes — detached, semi-detached, townhouse, and most condos in Brampton qualify. Rental properties qualify with a 0.25% rate premium. Rural, raw land, unique properties, and commercial are reviewed case-by-case.
There isn't a hard minimum. We've funded Brampton files in the 500s. Credit matters less than equity position, property type, location, and exit strategy. If you have legitimate equity and the deal makes sense, credit is usually workable.
Bank HELOCs require strong income, clean credit, and they qualify you at the stress test rate (currently bank rate + 2%). If you don't pass that gauntlet, you're out — regardless of how much equity you have. A private HELOC qualifies primarily on the equity itself and the exit plan, not your debt-service ratios. The rate is higher because the underwriting is more flexible. For most Brampton borrowers, it's a 12-to-24-month bridge until you can move back to a bank product.
You can pay off the entire balance any time, with zero penalty. Most private mortgages charge 3 months interest minimum to break — on a $400,000 mortgage at 10%, that's $10,000+ to exit. With a private HELOC, you pay it off the day you refinance to a bank product. No penalty.
Lender fee starts at 1.50% (1st position) or 2.50% (2nd position) of the loan amount, paid once at closing. Plus standard third-party costs: appraisal ($400–$600), legal ($1,200–$2,000), and our broker fee where applicable. Everything is disclosed upfront in writing — no surprise charges.
The pre-qualification on this site is a soft inquiry — zero impact on your score. We only pull a hard credit report once you've reviewed terms and decided to proceed. You're in control of when (and whether) that happens.
Most Brampton clients refinance to a bank or B-lender product within 12–24 months, once their credit, income, or property situation has stabilized. Some use the line for several years as ongoing flexible capital. Others sell the property. The fully open structure means you can exit any time with no penalty — that's the point.
Tell us about your property and your situation. We'll come back within one business day with whether this fits, what rate band you'd be in, and what the next step looks like.
If it's not a fit, we'll tell you that too — and where else to look.
We'll review your file and come back within one business day. Check your email (including spam) for our reply.