Private & Alternative Lending
Private & Alternative Lending Lawyers in Edmonton
Not every borrower fits a bank's box. We act on alternative (B) lender and private mortgages — explaining the terms clearly, providing the independent legal advice lenders require, and keeping your deal on schedule.
Our private mortgage lawyers in Edmonton handle purchases and refinances with alternative (non-A) lenders and private lenders, draw mortgages for construction and renovation, and independent legal advice for borrowers and guarantors.
What we handle
- Non-A (B) lender purchases
- Private mortgages
- Draw mortgages
- Independent legal advice (ILA)
- Guarantor advice
- Second mortgages
Alternative and private lenders
Alternative (B) lenders and private lenders can lend when a bank won't — for example, for self-employed borrowers, recent credit issues or unique properties. These mortgages often have higher interest rates, lender and broker fees, shorter terms and stricter prepayment and renewal conditions. We make sure you understand exactly what you're signing.
Independent legal advice (ILA)
Many alternative and private lenders — and guarantors on any mortgage — require independent legal advice: a lawyer who acts for you, reviews the terms with you, and confirms you understand them. We provide ILA and the certificates lenders require.
Draw mortgages
A draw mortgage releases funds in stages — commonly for construction or renovation. Each draw may require updated title searches and documents. Our fees include a set amount per draw, shown in our estimator.
Fees
Purchases with a non-A lender and draw mortgages have fixed legal fees. See every line item in our closing cost estimator.
FAQ
Frequently asked questions
Have a question that isn't answered here? Call 780-229-4559 or see all FAQs.
What is independent legal advice (ILA)?
Advice from a lawyer acting only for you, who reviews the mortgage or guarantee terms with you and confirms you understand them. Many alternative and private lenders require it.
Why is the legal fee higher with a non-A lender?
Alternative and private lender transactions usually involve more documentation, conditions and advice obligations than a standard bank mortgage.
What is a draw mortgage?
A mortgage where the funds are advanced in stages — often for construction or renovation — rather than all at once.
Can I move to a bank later?
Often, yes — many borrowers use an alternative mortgage for a term and then refinance with an A lender. Check the prepayment terms before you sign.
Charged, buying, or in a dispute?
Let's talk today.
Speak with a lawyer who will give you straight answers and a clear plan.
780-229-4559 Book a free consultation