Close More Private Mortgages With No Appraisals Required & Same-Day Commitments
Stonefield uses equity-based underwriting to fund purchases, refinances, rush closings, power of sale remediations and many other deals that institutional lenders decline. Rates start from 7.99% for low-risk first positions in the GTA.
Rates and fees are indicative and subject to change without notice; every file is subject to underwriting, property assessment and a clear exit. Full pricing by loan-to-value is also on the rates page.
How Quickly Can You Expect a Response?
Initial Review
< 24 Hrs
Send us the property address, existing balances, story and the net funds needed. Your file will be underwritten quickly and you'll usually hear back within 60 minutes. No waiting days for someone to open your file.
Commitment
Same Day
Same day commitments when all details are presented clearly. In many scenarios, we can provide you a draft commitment and finalize the terms as you need.
Deal Funded
48 hours
Rush deals close in under 48 hours. Standard timeline is 3–4 business days from receipt of a signed commitment and legal retainer to a funded deal.
By The Numbers
$0M+
Assets Under Management
Current Portfolio
< 0 Hrs
Typical Initial Response
Most Files Sooner
0.00%
Rates Starting From
GTA First Position
$0
In Hidden Fees
Transparent Pricing
How We Assess Deals
Property Value
We use the property details to conduct a comparable sales analysis and determine a realistic current market value. No need to pay for appraisals.
Property Liquidity
Geographic location drives our LTV thresholds. We typically fund up to 70% LTV in major urban centres (Toronto and major GTA, Vaughan, Richmond Hill) and up to 65% in secondary markets. LTV scales back as liquidity of a property decreases.
Exit Strategy
We validate the borrower's plan to repay via refinance , sale of property, or other defined path (and structure the term accordingly).
Real Deals We've Closed
Case Study 1
Power of Sale Remediation
Loan amount: $520,000
Term: 6 Months, Fully Open, Prepaid
Rate: 9.99%
Lender fee: 2.5%
Borrower had low income and low credit. The property had sufficient equity for a fully prepaid loan and a clear exit strategy to sell the property on their own terms.
Case Study 2
Property Rezoning
Loan amount: $525,000
Term: 8 Months, Fully Open
Rate: 9.99%
Lender fee: 2.5%
A commercial-to-residential rezoning property that no institutional lender would touch. Stonefield funded the purchase while the borrower completed the zoning transition.
Case Study 3
Low LTV Debt Consolidation
Loan amount: $220,000
Term: Fully Open, Prepaid
Rate: 8.49%
Lender fee: 1.75%
Low LTV allowed us to waive the appraisal entirely, reducing costs for the borrower and accelerating the close. Debt was consolidated into a single private mortgage payment.
Why Brokers Choose Stonefield
Initial Review Within 1 Business Day
Your deal gets reviewed the same day you send it, usually within 60 minutes. No waiting days for someone to open your file. Just send the address, balances, story and net funds needed.
Equity-Based Underwriting. We Fund What Banks Won't
Poor credit, low income, bankruptcy, consumer proposals, insolvency, none of these are automatic declines. We assess deals on property value, property liquidity, and the strength of the exit strategy. If the equity is there and the exit makes sense, we fund it.
Up to 100% Purchase Financing With Collateral Properties
When the subject property doesn't support the full loan amount, we can use collateral properties to fund up to 100% of the purchase property. The total LTV must still fall within our normal ranges.
Transparent Pricing With No Hidden Fees
Our rate sheet is straightforward: rates, lender fees and legal fees are disclosed upfront. Legal fees are typically $3,000. No surprise admin charges, buried setup costs or eggregious discharge fees. Factors that decrease rate and fees include lower LTVs, shorter terms and a clean exit strategy.
Fair, Fast, Reliable. Earn More Commission
Never be afraid to send us a deal. We will always provide you with a quick response, even if it's a no. Your fee is yours: you set it, you disclose it to your client, and it's added to the fee collected on closing. We don't cap it and we don't negotiate it down. We handle purchases, refinances, bridges, power of sale, renovations, commercial, construction, and flips. One efficient lender for virtually every private deal in your pipeline.
What If the Situation Is Complicated?
Complicated is our specialty. We regularly fund deals that institutional lenders decline. Here's what we mean:
✓We prioritize equity and exit strategy over credit bureau scores, including active bankruptcies or consumer proposals.
✓Low income, no income, self-employed, seasonal, non-traditional income sources are not automatic declines.
✓Up to 100% purchase funding with collateral properties, when the primary property doesn't cover the full loan amount, we can cross-collateralize.
✓Every deal type including purchases, refinances, bridge, deposit loans, power of sale remediation, renovations, construction loans and flips.
What We Need From You
For a Quick Response
Property address, existing mortgage balances, the story, and net funds needed. That's enough for us to give you an initial answer — typically within 60 minutes.
For a Commitment
Full website submission (preferred) or submission through another portal (Filogix, Lendesk, or Velocity) with all term details. The more complete the submission, the faster we issue the commitment.
For Funding
Signed commitment, retainer, borrower's lawyer information, first mortgage statement, property tax statement, and most recent Notice of Assessment (NOA). Once these are in, we move to close.
Submission checklist
What we need to issue a commitment. It depends on the file, but a complete package typically means:
✓Application
✓Credit bureaus
✓Identification, or articles of incorporation if the borrower is a company
✓Property tax statement
✓Existing mortgage statements
✓Agreement of purchase and sale, if a purchase
✓Lease agreements, if a rental
✓Notices of Assessment, and HST returns if a corporation
For Stonefield Ace pricing, add
✓Appraisal from the approved list
✓Three months of bank statements
For a first answer, the property address, the existing mortgage balances, the story and the net funds needed are enough. The full package is what gets the commitment issued.
Typically within 1 business day of submission, usually much faster. Send the property address, existing balances, the story and the net funds needed, that's enough for an initial answer. Full commitments are usually issued the same day, with 2 business days as the outer edge. No intake queue, no waiting for someone to open your file.
Do you require an appraisal?
In almost all cases, no. We use our own comparable sales analysis to value the property, which saves your client an appraisal fee (typically $500–$1000) and shaves days off of the closing. If a formal appraisal is required on a specific deal, we flag it in the initial response, never at the last minute.
What is the maximum LTV you will fund?
Up to 70% LTV in major urban centres (Toronto, GTA, Vaughan, Richmond Hill) and 65% in secondary markets. As liquidity of the property decreases, so does our maximum LTV. With collateral properties, we can cross-collateralize up to 100% of the subject property. This is useful when the subject property doesn't support the full loan amount on its own.
What deal types do you fund?
Purchases, refinances, bridges, power of sale, debt consolidation, renovations, construction and flips are our bread butter. To lower LTV, we also look at commercial, estate and probate, STR/Airbnb, and cottages, virtually every private mortgage deal type in Ontario.
How do you handle complicated files?
Complicated is our specialty. Active bankruptcies, consumer proposals, no verifiable income, self-employment, CRA arrears, tax arrears, non-standard properties, none of these are automatic declines. We assess every deal on equity and exit strategy, and we give a fast yes or no so you aren't left chasing us for a week.
What are your lender fees?
Lender fees generally range from 1% to 2.5%. The fee depends primarily on the overall risk of the file and the term length. Lender legal fees are typically around $3,000 (and the responsibility of the borrower).
There are never any buried setup or admin charges.
Please note, there are also discharge fees which are approximately $1,500 total. This includes the legal fee to discharge the mortgage from the registration and the statement administration fee.
How are brokers paid on a Stonefield deal?
Your fee is yours. You set it, you disclose it to your client, and it's added to the fee collected on closing, so it's paid to you when the deal funds. We don't cap it and we don't negotiate it down. We quote only what we require: our lender fee and the legal fees are on the rate sheet.
Ready to Close Your Next Deal?
Never be afraid to send us a deal, we will always give you a quick response, even if it's a no.
