At Equity Rich, we assist homeowners in achieving maximum property value by providing financing for legal secondary suites and additional dwelling units (ADUs). Our flexible mortgage suite options help homeowners build additional living space and create rental income opportunities for their properties.
We differ from traditional lenders because we use your home equity instead of your income or credit score to make decisions. The approval process happens quickly, and we offer high loan-to-value (LTV) options while providing continuous support throughout the process. Our secondary suite mortgage serves as the key for Ontario residents to achieve smarter real estate investments that generate rental income and enable multi-generational living arrangements.
A secondary suite mortgage serves homeowners who want to establish independent living areas within their current residential properties. These housing units serve multiple functions as additional dwelling units, second dwelling units, laneway houses, and basement apartments because they have self-contained spaces with separate kitchen, bathroom facilities, and their own entrance.
The financing supports both legal secondary suite conversions and new construction under the Secondary Suites Program that covers design fees, permitting expenses, construction costs, and legal compliance fees. The Greater Toronto Area market supports the growing demand for flexible space, while many families need secondary suites that also attract rental income.
A secondary dwelling unit built correctly will substantially increase the worth of your home. The creation of this new living space allows you to generate additional money that can help with mortgage expenses or care for family members.
Equity Rich functions as a private lender that does not request minimum income verification or minimum credit score from its clients. Through our first and second mortgage positions, we provide up to 75% loan-to-value financing that helps you access Canada Suite construction funds.
Equity Rich provides funding for projects that follow both the Secondary Suite Grant Program in Ontario and local programs for building legal secondary suites in cities. Our network provides guidance about zoning requirements, as well as permit and bylaw requirements for GTA municipalities.
The secondary dwelling units provide adaptable space for both personal and family needs, as well as for renting to tenants to meet your long-term lifestyle requirements. People who plan to sell their properties in the future or make estate plans find these units particularly suitable.
Homeowners in Ontario can obtain financial assistance through the secondary suite grant or additional dwelling unit plans. The government programs decrease your financial burden while creating more housing opportunities in your community.
Our team examines your property’s equity and assesses its zoning and potential for both secondary suites and additional dwelling units. You qualify for this program if you possess untapped potential in your property, regardless of your credit score.
The equity-based lending model we operate with means we do not require minimum income or tax return verification. Your loan approval depends on both your home’s value assessment and your detailed project plans.
We fund your project through all phases, including new construction and unit legalization, until you meet Ontario’s building codes and secondary suite program standards.
The approval process at our company occurs quickly, we offer financing up to 75% loan-to-value and can fund your project fast. Based on your available equity, you can choose the term and desired repayment structure.
Equity Rich operates as the main private lender across Ontario that provides financing solutions for secondary suite projects. We offer equity-based mortgages to all applicants with no age restrictions, no income requirements, no minimum credit score, and LTV up to 75%. The team at Equity Rich demonstrates expertise regarding financing of secondary suites.
Our flexible mortgage solutions provide specific financial assistance to homeowners across the Greater Toronto Area who require non-traditional lending options. Our company has earned a reputation through years of experience in funding both secondary dwelling units and additional dwelling unit conversion projects by offering fast approval processes and transparent lending practices that produce tangible results.
Begin your construction project with a financing partner who values the potential of your property.
Discover how Equity Rich can provide the foundation for your next construction project.
EquityRich.ca is a Canadian entity, operating as a referral institution. Mortgage Agents and Brokers represent Everything Mortgages (FSRA #12755)
Copyright © 2025 Equity Rich.
