Private Lending For Redevelopment Deals With Ryan Day of Calvert Home Mortgage | Real Estate Investing Canada

🎧 Private Lending for Redevelopment Deals with Ryan Day from Calvert Home Mortgage Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier Today's episode dives into one of the most overlooked areas of real estate financing: what happens when you buy a property you plan to demolish for redevelopment. Wayne and Gabby welcome Ryan Day from Calvert Home Mortgage, who breaks down how private lenders assess these unique deals, loan-to-value rules, and exit strategy requirements. The conversation also covers how to handle tenants who pay rent late, alternative strategies to the 14-day eviction notice, and why building a strong case matters. 🧠 What You'll Learn in This Episode Options landlords have for responding to late rent besides issuing a 14-day eviction notice Why eviction notices are just "pieces of paper" and how they fit into the RTDRS process Scenarios where filing at RTDRS early makes sense (and when it doesn't) How Calvert Home Mortgage structures loans when you're buying with the intention to tear down The impact of demolishing a house on loan-to-value ratios (65% vs. 75–80%) Typical rates, fees, and underwriting considerations for bridge financing How joint ventures, second mortgages, and borrower financials are evaluated Why overleveraging with multiple mortgages is a dangerous strategy for investors Top reasons Calvert declines deals and how investors can prepare stronger applications The importance of clear exit strategies when working with private lenders 👥 About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice. 💡 Resources & Contact Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & Tax help: www.finngo.com/rei Submit a question: [email protected] Get the 5% Rule™ book on Amazon: The 5% Rule™ – The Real Estate Cash Flow Test Order Now → 🤝 Thanks to Our Sponsors 🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584 🔗 Facebook 🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 calvinrealty.ca 🔗 Facebook 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 🔗 Facebook 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected] 🔗 Facebook 🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected] 🆔 FSRAO License Numbers: 13267 and 13268