Stonefield Capital – Stonefield Capital Private Mortgage Lender Ontario

Private Lending

Made Simple

Stonefield Capital is here to simplify the complicated world of private lending in Canada.
Fast, responsive, efficient, fair and reliable - these are our core principles.

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Testimonials

See why our broker partners work with Stonefield Capital as their preferred private lender.
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Stonefield Capital has been a trusted and invaluable private lending partner of mine since 2018. David and Daniel have a common sense approach by prioritizing relationships over just numbers and consistently going above and beyond for my clients. I highly recommend Stonefield Capital as lenders and as great people to work with. Thank you Stonefield Capital Team!

Natalie Londei-Araujo Mortgage Broker - Northwood Mortgage

The team at Stonefield Capital always go above and beyond to make sure the private mortgages works for my clients. I have been working with them for years and they will continue to be my go-to private lender. Thanks David, Daniel, Mark, Steven and the rest of the team for being the most responsive private lender we have ever worked with!

Sergo Rica Principal Broker - Select Mortgage

What sets Stonefield Capital apart from most private lenders is their approach. In an industry often focused solely on numbers, David and Daniel genuinely prioritize building relationships and supporting their partners. They have consistently gone above and beyond to support my business, delivering fantastic service at every step.

Alisha Manning Director of Underwriting - Mortgage Savvy

As a mortgage broker I can confidently say the team at Stonefield is top tier. Incredibly intelligent team who has a keen eye for underwriting loans and coming up with strategic solutions. They genuinely care about clients (which is very rare amongst private lenders) and piecing together solutions to help them get to their next level of lending or goal. I highly recommend this team to clients and brokers!

Michelle Farrugia Mortgage Broker - Mortgage Outlet

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The Stonefield Glossary

Brokers

Find out why brokers choose Stonefield Capital

Investors

Safe and secure investing with excellent returns

Borrowers

Education on private mortgages as a borrower

FAQ

Answer all your private mortgage questions

Why Use Stonefield Capital As Your Private Lender?

We Are FAST!

Expect responses, commitments, funding & results FAST!

We Are CREATIVE!

Every file is unique - we work with you to create a solution that works for your client.

We Are FLEXIBLE!

Open terms, partial holdbacks, rates & fees specific to your client.

We Are FAIR!

No hidden fees or surprises. Fair and transparent pricing from the start.

The Stonefield Capital Lending Process

Deal Submitted

Submit through the online portal (preferred), Filogix, Velocity or Boss.

Commitment Issued

Receive a commitment within 24 hours that is curated for your client

File Instructed

Instructions are sent to the borrowers lawyer for a seamless transaction.

Deal Funded

Our lawyer funds the borrowers lawyer and the deal is closed!

Fair & Competitive Pricing

Our Rate Sheet

First Mortgage

^{as low as} 7.99%

1 - 12 Month Terms
1% - 2% Lender Fee
Fully Open Loans
Flexible Payment Options
No Appraisals Needed!

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Second Mortgage

^{as low as} 9.99%

1 - 12 Month Terms
1% - 2% Lender Fee
Fully Open Loans
Flexible Payment Options
No Appraisals Needed!

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Construction Loans

^{as low as} 10.99%

1-12 Month Terms
Flexible Draw Schedule
Same Day Advances
Common Sense Lending
No Appraisals Needed!

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Bridge Financing

^{as low as} 0.00%

Interest FREE!
All-in Fee Pricing
Legal Set-Up and Discharge Included
Flexible Payment Options
No Appraisals Needed!

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Want to Learn More About What We Do?

Frequently Asked Questions

Read below for the most commonly asked questions. More questions? Visit our FAQ section, E-Mail our general inbox at info@stonefieldcapital.ca or call us directly for the quickest response.

What is a private mortgage?

A private mortgage is a home loan offered by an individual or private company instead of a bank. It’s often faster to arrange and more flexible, especially for people who don’t qualify for traditional financing.

Why would someone need a private mortgage?

A private mortgage can be a great option for borrowers who don’t qualify for a traditional loan. This might be due to credit issues, self-employment, or needing to close quickly. It’s also useful for buying unique properties that banks won’t finance, or when someone needs a short-term loan while waiting to sell another property. Private mortgages offer more flexibility and faster approval than most banks.

What are the positives of a private mortgage?

You can get approved faster, even with credit or income issues. You may also have more freedom to negotiate terms that suit your situation.

What are the negatives of a private mortgage?

Like any type of financing, private mortgages have a few things to keep in mind. Interest rates are usually a bit higher than traditional bank loans, and the loan term might be shorter, which can mean larger monthly payments. You may also need a bigger down payment. Because the loan is secured by the property, falling behind on payments could lead to serious consequences, so it's important to make sure the terms are a good fit for your situation. That said, with the right planning, a private mortgage can be a helpful and flexible solution.

How do people get out of a private mortgage?

Most people exit a private mortgage by refinancing into a traditional mortgage once they qualify, often after improving their credit or income situation. Others may pay it off using funds from selling the property or from savings. Because private mortgages are usually short-term, it’s a good idea to have an exit plan in place from the start. We’re always happy to help talk through your options so you can move forward with confidence.

What if I have really bad credit or no income?

Our private mortgages are based on the overall equity of a property and the exit strategy. As long as there is equity in the property, we can help cater the loan to ensure your credit is improved and your monthly payments are managable for you.

How do I get a private mortgage?

You can either reach out to us directly or have your mortgage broker submit your file for underwriting.

What are the rates, fees and costs for a private mortgage?

Rates for private mortgages are typically higher than bank rates because the loans are more flexible and often involve more risk for the lender. Interest rates can vary depending on the property, the borrower’s situation, and the loan terms. There may also be lending fees, legal costs, and possibly a broker fee if one is involved. We always provide a clear breakdown of all costs upfront, so there are no surprises—transparency is key. Our first mortgages range from 6.99% to 9.99%. Our second mortgages range from 9.99% to 11.99%. We generally charge a 2% lender fee for 1 year terms.

What are the costs to discharge a private mortgage?

To discharge a mortgage will cost anywhere from $1200-$1800. $500 goes towards an administration and statement fee. The remainder of the funds are to the lawyers for discharging the mortgage from the title of the property. This cost primarily depends on the amount of properties the mortgage is registered on.

Are there other fees or costs I need to know about?

Aside from the fees disclosed above, the borrower is responsibile for all the legal fees associated with the origination of the charge. There is a lender legal fee for registration (approximately $2,500 all-in) and the borrower is also responsible to pay for their own independant legal representation (ILR). There are no extra surprise fees or hidden costs charged by Stonefield Capital as the lender.

Do I have to get an appraisal?

No. We do a large majority of our underwriting internally and do not condition for appraisals. In some cases, to offer our best rate and fee - we may suggest it as an overall way to save the client money.

Can I keep my private mortgage for a long time?

Yes. We generally do not recommend private mortgages as a long term solution due to the higher interest rate - but as long as there are no missed payments or challenges with your file, we would always be happy to renew your loan. Our loans are always a maximum of 1 year terms.

What documents do I need to provide?

We generally will require an application to understand the clients overall profile. In addition, a credit bureau (credit report) and property tax statement are required. In most scenarios, we will also request any borrowers most recent notice of assessment to ensure their income taxes are in good standing. We may waive the need for this in certain scenarios.