🎧 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: info@reimorningshow.com
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🤝 Thanks to Our Sponsors
🏠 Krystal Kromm – Red Deer Investor-Focused Realtor
📞 (587) 377-8584
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🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team
🌐 calvinrealty.ca
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📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm
🌐 www.finngo.com/rei
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💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers
🌐 www.kbmortgages.ca
📧 keaton@kbmortgages.ca
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🏗️ Calvert Home Mortgage Investment Corporation
📞 403-278-0249
📧 info@chmic.ca
🆔 FSRAO License Numbers: 13267 and 13268