Below are the most frequently asked questions about private mortgages in Montreal, Laval and across Quebec. Castleton Mortgages is a direct private mortgage lender since 1999 — we offer 1st and 2nd mortgages up to 70% loan-to-value, with no minimum credit score and same-day approval letters. Question not answered here? Call us at 514.924.9485 or submit a no-obligation application.
No. Castleton requires no minimum credit score. Our approval is based on the equity in your property — not your credit history or income. We have funded thousands of borrowers in Quebec who had been turned down by banks, credit unions or B-lenders due to poor credit, R9 records, bankruptcy or a consumer proposal.
Castleton issues same-day approval letters for most applications (conditions apply) and typically funds your mortgage within one week. We are consistently among the fastest private mortgage lenders in Montreal and Quebec — a critical advantage when you face a 60-day notice, a tight purchase deadline or an urgent debt consolidation.
We finance residential properties (single-family homes, condos, 2- to 6-unit plexes), commercial properties (mixed-use, light office) and multi-unit buildings throughout Quebec and Ontario. We offer 1st and 2nd mortgages up to 70% of appraised value. See our solutions for real-estate investors.
Our private mortgage rates start at 9.99%. The exact rate depends on property value, loan amount, term and your specific file. There are no hidden fees — everything is disclosed up front in a written offer before you sign. Estimate your payment with our loan calculator.
Yes — this is one of our specialties. We can issue a same-day approval letter and fund within one week to resolve your situation and protect your property. Don't wait: call us right now at 514.924.9485. Learn more about 60-day notice financing.
Absolutely. We take a flexible, equity-based approach that accommodates self-employed individuals, commissioned earners, new immigrants to Canada and temporary residents who don't qualify with traditional banks. Our underwriting is based on your property and equity — not your employment history or tax returns.
Yes. Our minimum is $100,000. There is no strict maximum for qualified properties — we have funded multi-million-dollar files. The maximum loan-to-value (LTV) is 70% of appraised value across all positions combined.
Castleton is a direct private lender — we use our own capital to fund every mortgage. There are no intermediaries, no third-party approval delays and no surprises. You deal directly with the decision-makers, which guarantees speed, transparency and stable terms.
Our terms range from 6 to 24 months. Most borrowers choose 12 months — enough time to rebuild credit, sell the property or refinance with a conventional lender. There is no penalty for early repayment, and renewals are available if your exit strategy requires more time.
Most Castleton mortgages are interest-only — your monthly payment is the simple interest on the outstanding balance, with no principal reduction during the term. This keeps monthly carrying costs low while your file is in transition. The principal is repaid at maturity, usually through a sale, a refinance with a conventional lender or a renewal.
Castleton lends up to 70% of the appraised value of your property, across all positions combined (1st plus 2nd mortgages). For a property valued at $600,000 with no existing mortgage, that's up to $420,000 in financing. Higher LTVs may be considered case-by-case for prime urban properties with a strong exit strategy.
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Most of Castleton's loans are funded through mortgage broker partners. Brokers are not just a channel for us — they are at the very core of our business, and we have built everything around making the broker experience as smooth and rewarding as possible.
Rina and Angela are your primary points of contact for all broker inquiries. Reach out directly — they know our criteria, they move fast, and they are here to help you close.
Castleton is recognized by most leading mortgage brokerage firms in Canada. Since our founding in 1999, we have built strong, ongoing relationships with brokers who trust us to deliver — and who come back to us file after file because we do exactly that. When you submit a file to Castleton, you are working with a lender that values the relationship as much as the deal.
Broker compensation is something we take seriously. All broker fees are protected by Castleton — you will always be fairly compensated for the work you bring to us, without any surprises at closing. We believe in long-term partnerships, and that means treating your business with the respect it deserves.
Not every file is straightforward — and we understand that. Our underwriters are available to work directly with you to find solutions for your client's needs. Whether a file is complex, time-sensitive, or doesn't fit the standard mold, we will work through it together rather than simply declining and moving on.
At Castleton, you're not dealing with a call centre — you're working with a dedicated team of experienced professionals who care about your outcome.
McGill Law graduate and former corporate lawyer, Marc Bissell became President of Castleton in 2004. Called to the Bar of Ontario in 2000, he is a registered mortgage broker in Ontario and licensed under the Financial Services Commission of Ontario. Castleton is a member in good standing of Mortgage Professionals Canada. Marc leads Castleton's operations and strategic direction. Honorary Consul General for Austria in Montreal since 2013, he is actively involved with many non-profit organizations.
marc@preteur.com LinkedIn
McGill Commerce graduate with over 10 years of banking and portfolio management experience at three of Canada's leading financial institutions. With Castleton since 2005.
angela@preteur.com 514 945 7738 LinkedIn
Over 17 years of experience underwriting alternative loans, having worked with HSBC, CIBC and Home Trust. With Castleton since 2017.
rina@preteur.com 438 994 7019 LinkedIn
Since 2000, Helen has overseen Castleton's financial operations and administration.
helen@preteur.com
A dedicated member of the Castleton team, Lordna supports the underwriting and client coordination process.
lordna@preteur.com
Samantha supports client services and administrative functions at Castleton.
samantha@preteur.comJordan supports day-to-day administrative operations and mortgage file coordination at Castleton.
jordan@preteur.com