within one day!
It’s quick and easy
To start the process
High closing costs?
We fund those too!
The One DayTM Advantage:
We are here to help
We lend based on the equity you have in the property
We say yes, when the banks say no. We are an equity-based private lender that provides loans based SOLELY on the equity in the property and not the individual applying for financing. What does that mean for borrowers? It means that if your property meets our minimum equity requirements, then your financing with us is approved and delivered within 24 hours – simple as that.
Traditional mortgage loans and financing use complicated calculations based on your personal financial situation and can be based on unfair terms. Sadly, this can sometimes leave individuals without the financing they require at the moment they need it most. We believe that lending should be based on the equity in a property rather than the individual applying for the mortgage.
At One Day Money, we lend money or agree to purchase your property based on the equity you have in that property — and we do it in one day. We appraise the property quickly, provide home equity loans and secure your mortgage, sale or assignment in one day for your convenience.
Our Private Lending Services
One Day private lending solutions that can help you
01. One DayTM Mortgage
02. One DayTM Purchase
03. One DayTM Assignment
Keeping Loans Simple
We are focused on helping to close new construction properties that have had significant equity based on years of appreciation. One Day Money offers services to clients in Toronto and surrounding areas such as Mississauga, Markham, Vaughan, Etobicoke and more.
We lend solely based on the equity in the property-not your current financial situation. Can’t finalize your loans because you need to clear up some debt? We can lend you the money you need to get your debt cleared. We use the equity you’ve built up to help you qualify for the best mortgages.
We can help turn your financial situation around. Let us get you over the initial hurdle of closing your property, including covering all closing costs, by providing the financing you need.
One Day Money can get it done.
Start to finish we can get your deal done in One Day.
One Day Money will finance you based on your current property value, not on a contract from several years ago.
One Day Money can cover everything including the closing costs.
Close Your Mortgage…with as little as 5% down!
Do you have a lot of equity in your pre-construction condo but still can’t get financing? Have some debt you need to pay off to improve your equity?
While One Day Money offers assistance for all property investments, we specialize in providing financial services and home equity loans on pre-construction condos and homes that have appreciated since the initial purchase. Conventional mortgage brokers and lenders will often only look at the price on your original agreement of purchase and sale, essentially valuing your property at its previously listed price, 2 or more years prior. We let you take advantage of the equity you’ve built up to cover closing costs.
Closing a new construction property can be challenging. This is because the equity created during the construction phase is not recognized by lenders who base the property value on the original purchase price. As a result, it is much more difficult to close.
As well, the day after you close, many lenders will start to use the current appraised value as the basis. By providing the funds for one to two months, One Day Money clients are able to leverage the appreciation.
As a leading private mortgage lender, we will always take into account the equity on your pre-construction condo investment and provide you with appropriate condo financing or even purchase your pre-construction property from you, depending on your equity.
Imagine you bought a pre-construction property three years ago for $500,000. Now, the property is worth $700,000 and it’s time to close. But there’s one problem: you used a $50,000 line of credit for part of the original down payment and now the bank or credit union you borrowed from won’t lend to you because you have too much debt.
Unfortunately, this situation is not uncommon since major lenders often look at three year old contracts to determine property value. At One Day Money, we look at what your property is worth today and can lend mortgage loans that are up to 80% of your currently property value. In this scenario, for example, One Day Money could lend you up to $560,000 in mortgage financing! This allows you to pay down your debt while getting a conventional mortgage loan based on the property’s current value.
Buying a new house before selling your existing property? One Day Money provides bridge loans as a solution for when your buying and selling dates don’t overlap!
Bridge loans are temporary, short-term loans secured by the equity of the property you are selling. These kinds of quick loans literally “bridge” the gap between old and new property mortgages, allowing you to fund the down payment on your new home without having to wait to sell your old home. Learn more about One Day Money bridge financing by speaking to a One Day Private Lender today!