Projects stall.
Draws get delayed.
Budgets get squeezed.
Not because the project doesn’t make sense — but because banks are not built for real-world construction timelines anymore.
That’s where private construction and renovation loans in Ontario come in.
Why Banks Say No to Construction & Renovation Loans
Banks prefer simple, low-risk files. Construction and renovation projects are anything but simple.
Common reasons banks decline or delay:
renovations before permits are finalized
phased construction or partial builds
self-employed or investor borrowers
mixed-use or non-standard properties
slow draw schedules and rigid inspections
appraisals that don’t reflect future value
Even strong borrowers with equity are often told:
“Come back when the project is finished.”
That defeats the purpose.
What Is a Private Construction or Renovation Loan?
A private construction or renovation loan is an equity-based mortgage designed to fund:
major renovations
additions
infill projects
residential construction
value-add improvements
Instead of focusing solely on income formulas, private lenders underwrite:
current property value
after-repair or after-build value
equity position
project scope and timeline
This allows projects to start and continue without bank delays.
What Can Be Financed?
Private construction and renovation loans in Ontario are commonly used for:
full home renovations
kitchen and basement conversions
additions and second units
duplex / triplex builds
infill residential projects
investor renovations before resale or refinance
Funds are typically released through structured draws aligned with construction milestones.
Why Speed Matters in Construction Financing
Construction delays are expensive.
Every delay can mean:
higher labour costs
missed contractor availability
permit expirations
rising material prices
lost resale or refinance windows
Private lenders move faster, allowing:
quicker approvals
flexible draw schedules
fewer re-inspections
funding that matches how projects are actually built
Speed protects margins.
How Lendworth Helps Fund Construction & Renovations
Lendworth specializes in private construction and renovation loans across Ontario, helping homeowners and investors move forward when banks won’t.
Borrowers work with Lendworth to:
secure fast construction financing
fund renovations using existing equity
structure draw schedules that match the project
avoid stalled builds and missed timelines
Approvals are equity-based, not income-boxed — making them ideal for self-employed borrowers, investors, and developers.
You can apply directly here:
👉 https://www.lendworth.ca/borrow
Is This Long-Term Financing?
In most cases, no.
Private construction and renovation loans are typically short-term solutions, designed to:
complete the project
increase property value
refinance into traditional financing
or sell at completion
The goal is flexibility and execution — not permanent debt.
The Bottom Line
Construction and renovation projects don’t fail because they’re bad ideas.
They fail because financing doesn’t keep up.
If your bank can’t fund your renovation or construction project on real timelines, private financing may be the missing piece.
Need a private construction or renovation loan in Ontario?
Don’t let financing delays stall your project.
📞 Call Lendworth today or apply at https://www.lendworth.ca/borrow to explore fast, equity-based construction and renovation financing.