FSRA Lic. #13722info@stonefieldcapital.ca
Toronto financial district

Services

Private Mortgage Services in Ontario

Three products, one way of deciding: the equity in the property and a clear way out. Find the product that fits your situation, or send the file and we will tell you which one it is.

Stonefield Capital is an FSRA-licensed private mortgage lender in Ontario. It offers private first mortgages, second mortgages and a multiple-draw HELOC alternative on residential property, structured for situations a bank declines: bridge financing, rush closings, construction shortfalls, debt consolidation, power of sale, self-employed or bruised-credit borrowers, rental, cottage and mixed-use property. Every product is underwritten the same way, on the equity in the property and a clear exit rather than credit score or income documents, with same-day commitments, usually no appraisal, and funding in as little as 48 hours.

Which private mortgage do you need?

Most files come down to three questions. Answer them and the product picks itself.

Is there already a mortgage on the property that you want to keep?

Then it is a second mortgage. The existing first stays exactly as it is and the new loan sits behind it, sized on the equity left over.

Second Mortgages →

Do you need to replace or pay out the existing mortgage, or buy?

Then it is a first mortgage: a purchase, a refinance, a payout of a lender who will not renew, or a power of sale that has to be stopped.

First Mortgages →

Do you need to draw money in stages rather than all at once?

Then it is our multiple-draw mortgage, the private answer to a HELOC: a construction or renovation budget released as work completes, or working capital drawn as needed.

Multiple-Draw (HELOC Alternative) →

Is the problem the calendar, not the product?

Rush closings and bridge loans are first or second mortgages with a deadline attached. We commit the same day and fund in as little as 48 hours once a lawyer is ready.

Rush Closing →

Not sure? Every product is underwritten the same way, so the wrong label costs nothing: send the file and we return the right structure with the commitment.

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Stonefield Insider Tip: The Exit-Strategy Audit

A private mortgage should never be a permanent solution; it should be a strategic bridge to your next financial milestone. Whether you are dealing with a bank decline (due to your credit/income) or a rush closing, the most important part of your application isn't your credit score, it's your Exit Strategy. The Stonefield Difference: While banks use 'credit-box' algorithms that automatically decline 'messy' files, we read the whole file. We look at the 'why' behind the situation and the 'how' of the payout. If you have a clear plan to refinance or sell within 12 months, the equity in your property is often all the qualification you need. Don't let a 'no' from a bank stop you; give us the story and we'll help you reach your goals.

Financing by Instrument

Our core mortgage products available across Ontario.

First Mortgages

Private first mortgage financing with no appraisals, transparent pricing and fast closings.

Second Mortgages

Equity-based second mortgages for any credit score. We look at the property, liquidity and exit strategy.

HELOC

A private multiple draw mortgage. HELOC-like flexibility without the bank's income and credit requirements.

Financing by Situation

Each situation is different. Find the one that matches your needs or submit your deal and we'll tell you how we can help.

Debt Consolidation

Consolidate high-interest debt into a single private mortgage using home equity. All credit scores approved.

Equity-Take-Out Loans

Access your home equity without strict credit or income requirements. Qualification based on property value.

Rush Closing

Same-day commitments and closings in as little as 48 hours for time-sensitive transactions.

Construction Loans

Construction financing with fast draw releases and fewer progress reporting requirements.

Fix & Flip

HELOC-style multiple draw mortgages on principal residences and collateral properties for active flippers.

Bridge Loans

Purchase financing when the sale property has not yet closed (or isn't even listed!).

Power of Sale Remediation

Emergency financing to stop a forced sale and restore good mortgage standing.

Deposit Loans

Short-term deposit loans to ensure you don't lose your dream home.

Rental Property

Investor financing without bank rental income haircuts or property count limits.

Estate & Probate

Mortgage financing for inherited and probate properties where title is in transition.

Cottage & Vacation

Financing for cottages, waterfront, seasonal, and rural properties banks frequently decline.

Airbnb / Short-Term Rental

Financing for short-term rental properties most banks and monolines decline.

Mixed-Use Property

Residential units with a commercial component — deals that fall between the bank's residential and commercial desks.

Frequently Asked Questions

What is a private mortgage?
A private mortgage is a short-term loan secured against real estate and funded by a private lender rather than a bank. It is approved on the equity in the property and a clear exit strategy instead of credit score, income documents or the federal stress test. Terms typically run 1 to 12 months, interest-only, as a bridge to a sale or a refinance back to a bank.
Who uses a private mortgage in Ontario?
Homeowners and investors a bank has declined or cannot serve in time: self-employed borrowers with minimized tax returns, people with bruised credit or a consumer proposal, buyers with a closing date the bank will not meet, owners facing a power of sale, and properties a bank will not lend on such as rural, cottage, mixed-use or short-term rental. Brokers submit most of these files; homeowners without a broker are matched with a Stonefield-approved one.
What does Stonefield look at to approve a file?
Three things: how much equity is available in the property, whether the property is marketable in its local market, and what the exit is. A Notice of Assessment is always requested to confirm there are no Canada Revenue Agency arrears that would rank ahead of the mortgage. Income documents may be requested for context, but missing paperwork does not decline a file. There is no minimum credit score.
Do I need an appraisal?
Usually not. Stonefield runs its own comparable-sales analysis at submission, which saves the fee and several days. When a formal appraisal is required, for an unusual property or a higher loan-to-value, it is flagged in the initial response, never at commitment or closing.
How fast can a private mortgage close in Ontario?
A commitment the same day in most cases, and funding in as little as 48 hours once legal counsel is retained and title is clear. Legal preparation, not underwriting, is the usual bottleneck, so engaging a real estate lawyer early is the single biggest thing a borrower or broker can do to hit a date.
What does a private mortgage cost?
Pricing is set by loan-to-value and lien position: lower LTV and a first position cost less, higher LTV or a second position cost more. First mortgages currently start from 7.99% and second mortgages from 9.49%, with a lender fee on top; the full current ladder is on the private mortgage rates page and updates whenever pricing does.
Where in Ontario does Stonefield lend?
Anywhere in Ontario. In the GTA we lend up to 70% loan-to-value on residential property; in secondary markets up to 65%. There is a page for each GTA city, and for anywhere else, ask us about the specific property.

Current pricing is on the private mortgage rates page; there is a page for each GTA city under private mortgages by city.

Not Sure Which Service Fits?

Submit the deal and we'll structure the right solution. Same-day response.

Submit a DealContact Stonefield

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.

Roughly how much do you need?

Optional

We use your details only to call you back about this request. Stonefield Capital is an FSRA-licensed mortgage brokerage (Lic. #13722); a licensed broker structures the mortgage. Prefer to talk now? Call (416) 371-2077.