I have a few private institutional lenders I can use that are lighter on the rates and terms, etc.

I was hoping to hear some of the common lenders or institutions that my fellow canadians might commonly use for hard money loans.

As a broker, I'm always trying to find the best deal for the specific client and property.If you are looking for local private money lenders, your local real estate investment groups might have some leads for you as well.Most institutional private lenders are going to need an appraisal/valuation of the property, and permits to be issued for the construction of the building (if your area requires it). 

Financial institutions have long looked at the money that comes from RE transactions and feel that they don't make enough of it and have made attempts via legislation to move into the domain of Realtors but the NAR has successfully lobbied to stop them.

When you say private lender, is this institutional capital or from an individual?

This may be easier with hard money as it is more institutional.

Are you referring to institutional lenders?

There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country.

Truly private money could simply be one person lending money while hard money is usually an institution or similar.

@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense