Private HELOCs from 7.75% for Vaughan properties. For tradespeople, business owners, and established families who built Vaughan and need capital that moves at the speed of opportunity.
Vaughan's economy runs on construction, trades, and small business. Italian-Canadian builders and contractors built much of the GTA — and many of them live in the homes they built, in Woodbridge, Maple, and Kleinburg. Property values reflect that: typical Vaughan detached homes run $1.2M to $1.6M, with established Woodbridge estates regularly above $1.8M. Even after the recent market softening, long-term homeowners hold substantial equity.
But construction and trades businesses also have the lumpiest cash flow imaginable. Big invoices coming in, big payroll going out, equipment purchases, deposits on materials. Bank business lending is slow and inflexible. Personal HELOCs at the bank require clean T4 income — which most successful trades business owners don't pay themselves on purpose.
Private HELOCs against the family home solve the cash flow problem without the corporate financial gymnastics. The home is paid down, the equity is real, the business is solid — that's enough.
You're waiting on a $200,000 progress draw from a developer. Payroll is Friday. Material deposits need to go out Monday. A private HELOC bridges the receivables gap without crippling business credit-card interest.
A used excavator, a fleet truck, a piece of shop equipment becomes available below market. Equipment financing is slow and expensive. Cash from a HELOC closes the deal at a discount.
Your daughter is buying her first condo. She needs the down payment. You have the equity. A HELOC funds her purchase as a gift or family loan, structured properly so it doesn't compromise her own financing.
Older Woodbridge properties carry seven-figure equity positions. Banks won't let you borrow against it without proving income that justifies the size. Private lending sizes the loan to the equity, not the income statement.
You spotted an infill lot, a teardown opportunity, or a commercial-to-residential conversion. Standard purchase financing doesn't work for these deals. A HELOC against your home funds the acquisition while you arrange construction financing.
Hamilton, Niagara, or Brantford rental properties cash-flow well right now. Your Vaughan home equity funds the down payments, expanding the portfolio without touching your existing investment files.
A family in Woodbridge owns a detached home worth $1.4M with a $300,000 first mortgage. The husband owns a contracting business and needs $300,000: $180,000 for a piece of equipment that's available at auction below market and $120,000 to bridge a slow receivable cycle through the upcoming spring construction season. A second-position private HELOC at $300,000 puts combined LTV at 43%. Rate band: 10.50-11.25%. Interest-only payments on $300,000: approximately $2,650-2,800/month. He'll likely pay it down to $100,000 within 6 months as the receivables come in, then re-draw later in the year as needed. Time to funded: typically 10-14 days.
Woodbridge, Maple, Kleinburg, Concord, Thornhill, Vellore Village, Vaughan Mills, Patterson, Sonoma Heights, West Woodbridge, East Woodbridge, Vaughan Metropolitan Centre.
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 Vaughan 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 Vaughan deals in 72 hours when the timeline demanded it.
Yes — detached, semi-detached, townhouse, and most condos in Vaughan 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 Vaughan 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 Vaughan 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 Vaughan 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.