For Mortgage Brokers
Private Mortgage Lending in Ontario — A Broker's Guide to Placing Deals with Stonefield
When a deal falls outside bank guidelines, you need a private lender who answers fast and closes. Here is how Stonefield Capital works with Ontario brokers.
Stonefield Capital is an FSRA-licensed private mortgage lender (Brokerage #13722) funding first and second mortgages, bridge loans, equity take-outs, and construction financing across Ontario. We work with mortgage brokers on equity-based deals banks decline — qualifying on property equity and exit strategy, not credit score or income — issuing same-day commitments and closing in as little as 48 hours.
Who Stonefield Capital lends to
Stonefield is a private (B/C) lender for Ontario mortgage brokers whose clients fall outside bank and monoline guidelines — bruised credit, self-employed or unverifiable income, non-standard properties, tight timelines, or a deal that simply needs to close this week. We underwrite on property equity and a clear exit strategy rather than credit score or income documents, which lets us say yes where institutional lenders condition the deal to death or decline it outright.
What we fund
First and second mortgages, bridge loans, equity take-outs, and construction financing on residential and commercial property across Ontario. Common scenarios include a bank deal that fell out days before closing, an equity take-out for a self-employed client, a second mortgage to consolidate debt, a bridge when the sale isn't firm, and power-of-sale rescues. If you are not sure whether a file fits, send it — a quick read costs nothing and we will tell you honestly whether we can fund it.
How brokers work with us
Submit the deal through our portal and you typically get a read the same day. We issue same-day commitments and can close in as little as 48 hours when the file is clean, with standard timelines of three to four business days from signed commitment and legal retainer to funding. You keep the client relationship; we are the lender behind the deal. We compensate brokers and keep communication direct — you deal with a decision-maker, not a queue.
Indicative pricing
Rates start from 7.49% for low-risk first positions in the GTA and scale with position, region, and loan-to-value. First-position deals generally range 7.49–9.99% in the GTA; second positions 9.99–10.99% in the GTA, higher in secondary and tertiary markets. Lender fees run roughly 1.5–2.5% on firsts and 2.0–4.0% on seconds, with legal fees typically around $3,000 per transaction. Rates are indicative and subject to underwriting approval.
Which product fits the deal
| Scenario | Product |
|---|---|
| Bank deal fell out before closing | Bridge Loan / Rush Closing |
| Self-employed client needs to pull equity | Equity Take-Out |
| Consolidate debt behind an existing first | Private Second Mortgage |
| Purchase before the sale is firm | Bridge Loan |
| Homeowner facing power of sale | Power of Sale Refinance |
| Builder needs flexible draw financing | Construction Loan |
Frequently Asked Questions
What is a private mortgage lender in Ontario?
How fast can Stonefield close a private mortgage?
What does Stonefield need to look at a deal?
What are private mortgage rates in Ontario?
Do you work with the broker or the borrower?
What areas does Stonefield lend in?
Have a deal that fits?
Submit it and get a read the same day. You keep the client — Stonefield is the lender behind the deal.