St. Catharines, Ontario
Private Mortgages in St. Catharines
Yes, we lend in St. Catharines. First and second mortgages on houses, townhomes and condos, decided on the equity in the property and a clear exit — not on a credit score or a paystub.
Stonefield Capital is an FSRA-licensed private mortgage lender providing first and second mortgages on residential property in St. Catharines, Ontario. Approval is based on the equity in the property and a clear exit strategy rather than credit score or income documents. Most files close without a formal appraisal, commitments are issued the same day, and funding can happen in as little as 48 hours. Borrowers are matched with a Stonefield-approved mortgage broker; brokers submit deals directly.
How a private mortgage works in St. Catharines
A private mortgage is a short-term loan secured against your property, funded by a private lender instead of a bank. It exists for the situations a bank's checklist can't handle: a closing date the bank won't meet, income that doesn't fit the form, a credit score that slipped, a property the bank won't touch, or a power of sale that has to be stopped this month. The loan is a bridge, typically 1 to 12 months, interest-only, with a planned way out.
Stonefield underwrites three things: the equity in the property, whether it can be sold in the St. Catharines market if it came to that, and the exit — a refinance back to a bank, a sale, or a defined payout. We run our own comparable-sales analysis rather than waiting for an appraisal, so a St. Catharines file usually gets a commitment the same day it arrives, and if an appraisal is ever needed you hear it in the first response, never at closing.
Pricing is set by loan-to-value and lien position. First mortgages currently start from 7.99% and second mortgages from 9.49%; the full ladder is on our rate page and it updates whenever our pricing does.
The St. Catharines picture
St. Catharines is the largest city in Niagara, with older housing around downtown, Port Dalhousie's waterfront, Glenridge near Brock University, and post-war subdivisions in Grantham and Martindale. Values rose fast as GTA buyers moved down the QEW and the GO train extension firmed up.
Private-mortgage files here are commonly investor refinances on student and family rentals, renovation financing on century stock, and consolidation seconds after a bank decline. Seasonal and hospitality income across the region often needs a lender that looks at equity first.
How we treat St. Catharines files
St. Catharines is outside the GTA, so files there go through Stonefield Flex: first and second mortgages, no minimum credit score, and usually no appraisal because we run our own comparable-sales analysis on the local market. Loan-to-value is set by the property and how quickly it would sell in St. Catharines — it steps down from our GTA maximum as liquidity does, and you hear the figure in the first response, never at closing. The same-day commitment and the 48-hour close apply exactly as they do in Toronto.
Second mortgages in St. Catharines
A second mortgage sits behind your existing first mortgage and lets you borrow against the equity you've built without breaking the first. In St. Catharines this is the most common way homeowners consolidate high-interest debt, clear CRA or property-tax arrears, fund renovations, or pull working capital out of the house. The first mortgage stays exactly as it is.
We fund seconds in St. Catharines the same way we fund firsts: on combined loan-to-value and a credible exit. A bank decline for credit or income reasons doesn't stop a second mortgage here, because we aren't underwriting your credit. If the combined LTV runs high, a second Ontario property can be added as collateral to bring it into range.
More on private second mortgages and second mortgages with bad credit.
What we lend on in St. Catharines
Equity and exit, not credit score
No minimum beacon. Approval turns on the equity available and a realistic exit. A Notice of Assessment is always requested to confirm there are no CRA arrears ahead of the mortgage.
Usually no appraisal
We run comparable sales in St. Catharines ourselves at submission, saving the fee and several days. If a report is needed, you hear it in the first response.
Same-day commitments
A commitment the day the file arrives in most cases, and funding in as little as 48 hours once a lawyer is ready. Legal preparation, not underwriting, is the usual bottleneck.
When St. Catharines homeowners and brokers call us
The bank said no
Declined or won't renew on credit, income, or property type, but the equity is there.
Self-employed income
Your return shows a fraction of what you earn and the bank's ratios don't work.
Debt consolidation with bruised credit
Roll cards, loans and arrears into one payment against the house.
Power of sale
Your lender has started proceedings and you need to refinance or sell on your own terms.
A closing that can't wait
The bank pulled the deal or is too slow and the date is days away.
Bridge to a sale
Buying in St. Catharines before your current home has sold, or closed.
Areas of St. Catharines we lend in
Residential property anywhere in St. Catharines: detached, semi, townhouse and condo. If your street isn't listed, we still lend there.
Frequently Asked Questions
Does Stonefield lend in St. Catharines?
How much can I borrow on a St. Catharines property?
What does a private mortgage in St. Catharines cost?
Do I need an appraisal?
How fast can a St. Catharines mortgage close?
I'm a homeowner in St. Catharines, not a broker. How do I start?
Private mortgages near St. Catharines
Have a St. Catharines property and a deadline?
Homeowners get matched with a Stonefield-approved broker. Brokers submit the file directly and hear back the same day.
Related pages
Borrower guides
Services
Borrowers
Get a call back about a private mortgage
Tell us roughly how much you need and the best number to reach you. We call back within one business day, usually sooner, and only ask for details once we know we can help.
Mortgage broker with a deal? Submit it here.