# privatemortgageagent.ca — Meshesha Robel, Private Mortgage Agent (Ontario) > Meshesha Robel, Mortgage Agent Level 2 (FSRA Mortgage Agent License #M15001135). Mortgage Alliance (FSRA Brokerage #10530). Meshesha Robel personally arranges private first and second mortgages, bridge loans, refinances and renewals through vetted third-party private lenders across Toronto, the GTA and Ontario. Clients work with him directly from first call to funding and renewal. ## Key facts - Licence: Ontario Mortgage Agent Level 2, FSRA #M15001135 (Level 2 permits arranging mortgages with private lenders) - Brokerage: Mortgage Alliance, FSRA brokerage #10530 - Service area: Greater Toronto Area, Ontario and Ontario - Role: mortgage intermediary — not a lender or credit grantor - Contact: https://privatemortgageagent.ca/contact ## Pages - [Home — work directly with a licensed private mortgage agent](https://privatemortgageagent.ca) - [Private purchase mortgages and bridge loans](https://privatemortgageagent.ca/private-mortgage-purchase) - [Private refinancing, second mortgages and renewals](https://privatemortgageagent.ca/refinancing-renewal) - [How private mortgage financing works in Ontario](https://privatemortgageagent.ca/how-private-mortgages-work) - [Toronto, GTA and Ontario markets served](https://privatemortgageagent.ca/ontario-markets) - [Private mortgage FAQ](https://privatemortgageagent.ca/faq) - [About Meshesha Robel, Mortgage Agent Level 2](https://privatemortgageagent.ca/about) - [Request a file review](https://privatemortgageagent.ca/contact) - [Privacy policy](https://privatemortgageagent.ca/privacy-policy) ## Quick answers ### What is a private mortgage? A private mortgage is a loan secured against real estate that is funded by a private lender — an individual investor, a mortgage investment corporation (MIC), or a private lending company — rather than a bank or credit union. Private lenders focus mainly on the property's equity and the borrower's exit plan, so they can approve files that don't meet bank income or credit rules, usually for a 6–24 month term at a higher rate than bank mortgages. ### What does a private mortgage agent do? A licensed private mortgage agent assesses your file, identifies which private lenders are a realistic fit, packages and presents the file, negotiates rate and fees, explains the commitment and costs in writing, and coordinates appraisal and lawyers through funding. In Ontario, agents must be licensed by FSRA and work under a licensed brokerage. Meshesha Robel is an FSRA-licensed Mortgage Agent Level 2, which permits arranging private mortgages. ### Why work directly with Meshesha instead of a call centre or lead form? You deal with one licensed agent from first call to funding. Meshesha reviews your file personally, speaks to lenders himself, and is the person you call at renewal. There is no hand-off between a sales rep, a processor and an underwriter you never meet. ### What are typical private mortgage rates in Ontario? As a general range, private first mortgages in Ontario are often priced roughly in the 7%–12% annual range and second mortgages roughly 9%–15%, plus lender and brokerage fees commonly around 1%–3% each of the loan amount. Pricing moves with market rates and depends on the loan-to-value, property type, location, mortgage position and exit strategy. These are typical ranges, not quotes. ### How fast can a private mortgage close? Many straightforward private files can close in roughly one to two weeks once documents, appraisal and lawyers are in place; urgent files are sometimes faster. Timing depends on the appraisal, title, the lender's review and how quickly documents are provided, so no timeline is guaranteed. ### How much can I borrow with a private mortgage? Most Ontario private lenders cap total financing (all mortgages combined) at around 65%–80% of the property's appraised value, depending on location, property type and position. Urban GTA freehold homes typically sit at the higher end; rural, unique or commercial-adjacent properties at the lower end. ### Do private lenders check credit or income? Usually yes, but differently. Private lenders typically pull credit and ask about income to understand the story and affordability, but they weigh equity, property quality and the exit strategy more heavily than bank-style debt-service ratios. Low credit scores, consumer proposals or non-traditional income do not automatically disqualify a file. ### What is an exit strategy and why does it matter? An exit strategy is the specific plan to repay the private mortgage at the end of its term — typically refinancing to a bank or B lender after credit or income improves, selling the property, or completing a construction or renovation. Lenders approve the exit as much as the loan. Meshesha builds the exit plan into the file at the start, not at maturity. ### Can I renew a private mortgage? Often, yes. Many private lenders will renew for another term if payments have been made and equity remains, usually with a renewal fee. If the lender won't renew, Meshesha can look at moving the mortgage to another private lender or, ideally, back to an institutional lender. ### Are private mortgages safe? A private mortgage arranged through a licensed Ontario brokerage is a regulated, registered mortgage with written disclosure of the cost of borrowing, and independent legal advice is part of closing. Risks come from high costs, short terms and a weak exit plan — which is why disclosure, realistic costing and a defined exit matter. ### What fees should I expect on a private mortgage? Typical costs include a lender fee, a brokerage fee, an appraisal (often a few hundred to around a thousand dollars), your lawyer's fees, and sometimes the lender's legal fees. All fees and the annual percentage rate are disclosed in writing before you commit. ### Can I get a private mortgage with bad credit? Yes, bad credit alone is rarely a barrier to private financing when there is sufficient equity and a credible exit. Lenders will still want to understand what happened and why the current plan is sound. ### Does Meshesha lend the money himself? No. Meshesha Robel is a licensed mortgage intermediary. He arranges financing through third-party private and institutional lenders and is not a direct lender or credit grantor. ## Disclosures - Meshesha Robel is a licensed mortgage intermediary who arranges mortgage financing through third-party lenders. Meshesha Robel is not a direct lender or credit grantor and does not fund mortgages. - This website provides general mortgage information only and is not financial, tax, or legal advice. All mortgage approvals are subject to lender underwriting, property appraisal, and final terms. Rates, fees, and outcomes vary by individual file.