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Get Free AdviceAt 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.
A secondary suite mortgage serves homeowners who want to establish a legal secondary suite or additional dwelling unit (ADU) on their property. The financing supports both legal secondary suite conversions and new constructions. This type of mortgage is specifically designed to help homeowners in Ontario who want to add a rental unit to their property, whether it’s a basement apartment, a garden suite, or a laneway house.
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.
Ontario homeowners with sufficient equity in their property who want to add a legal secondary suite or ADU. Whether you’re converting a basement or building a new unit, we can help finance the project.
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.
No credit check. No income verification. Funds in as little as 48 hours.
Get Free Assessment +1-647-667-9957No credit check. No income verification. Our team is ready to help you unlock the value of your home.