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

Mortgage Products

Equity-Based Common Sense Lending for the Ontario Market

Fast, flexible private first and second mortgages designed for scenarios where the bank says no.

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Stonefield Capital provides private mortgage products across Ontario, including first mortgages, second mortgages, and multiple-draw facilities (HELOC alternatives). We qualify every file based on property equity and a clear exit strategy, offering same-day commitments and 48-hour closings without the need for credit score minimums.

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Stonefield Insider Tip: Choosing the Right Instrument

Don't disturb a low-rate bank mortgage if you don't have to. If you have a low interest rate on your first mortgage, a private Second Mortgage can be a lower cost strategy than a full refinance. It allows you to access the equity without triggering payout penalties or losing your low-rate primary financing.

First Mortgages

Private first mortgage financing when the bank says no due to credit scores, income limitations, property type, or timeline. No appraisals required and transparent pricing with no hidden fees.

  • Up to 70% LTV in major urban centres
  • No appraisal conditions in most cases
  • Same-day commitment availability
  • No hidden setup or fees

Second Mortgages

Equity-based second mortgages for any situation. Access additional equity behind an existing first mortgage without disturbing your current rate or terms.

  • Keep your existing first mortgage rate
  • Qualification based on equity, not credit
  • Fast funding for time-sensitive needs
  • Flexible terms with clear exit strategy

HELOC Alternative

A private mortgage that works like a HELOC where you can draw funds as needed throughout the term. Interest charged only on funds drawn, not the full approved facility.

  • Draw funds in portions as needed
  • Pay interest only on drawn amount
  • No income verification required
  • Bank declined your HELOC? We approve on equity

Frequently Asked Questions

What is the difference between a first and second mortgage?
A first mortgage holds priority position on title and gets repaid first if the property is sold or refinanced. A second mortgage sits behind the first, giving borrowers access to additional equity without breaking their existing mortgage. Second-position rates run roughly 2% to 4% higher because of the subordinate position, but they're almost always cheaper than breaking a low-rate bank first mortgage.
Can I get a private mortgage with bad credit?
Yes. Stonefield has no minimum credit score. Borrowers with bruised credit, active or discharged bankruptcies, active consumer proposals, CRA arrears, or no Canadian credit history qualify based on property equity and exit strategy. Many borrowers use a private mortgage as a stepping stone to rebuild credit and return to bank or monoline financing within 12 months.
How fast can you close?
Same-day commitments are standard. Rush closings can fund in as little as 48 hours; standard timelines run 3 to 5 business days from receipt of a signed commitment and legal retainer. Tight deadlines are one of the most common reasons borrowers end up with us, so our process is purpose-built for speed. One underwriter, one decision-maker, no appraisals and no credit committee.
Do you require an appraisal?
In almost all cases, no. Stonefield uses its own comparable sales analysis, saving the borrower the $500–$1000 appraisal fee and shaving days off the close. On files where a formal appraisal is required, we flag it in the initial response, never at the last minute.

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Same-day commitment. Equity-based underwriting. No hidden fees.

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