Alternative Funding or Lenders in Canada

[Edgar Soriano]

Hello everyone!

I was wondering if anyone here has any experience with the alternative lenders in Canada.  Examples would be Westboro Morgage Investment Corp, Family Lending.ca, Citi Financial etc...

Have any of you used these as primary financing to secure the purchase for a year or two then refinanced with better rates or sold and paid out the lender?

I haven't called any of them yet and I'm sure many mortgage brokers could tell me a little about them as well. I'm looking for borrowers experiences with these types of lenders in Canada. They get some bad press for being predatory etc... but I think for a flip or a BRRRR its a good way to secure a property whose value will go up after the work has been completed.

Any input or referrals would be appreciated.

Thanks!