🎧 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