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Ontario residential property

Bridge Loans

Buy Now and Sell on Your Own Timeline, Not the Bank's

Banks require firm closing dates on both properties, we don't. Submit the deal with a listed, conditional, or even unlisted sale property and we'll assess on equity.

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Stonefield Capital rovides private bridge loans for real estate purchases where the sale property is not firm or even listed yet. We assess combined equity across both properties at up to 70% LTV in the GTA and 65% in secondary markets, issuing same-day commitments with closings in as little as 48 hours. Common bridge scenarios include closing date mismatches, conditional sales, bidding war wins, relocations and new-build delays.

Why Brokers Use Stonefield for Bridge Financing

The most common reason a bridge deal falls through is the bank's requirement that both the purchase and sale properties have firm closing dates. Your client's deal shouldn't collapse because their sale hasn't gone firm yet.

Stonefield Capital looks at the equity position across both properties and funds the purchase, while you manage the sale timeline on your own terms. We issue same-day commitments and the entire process from submission to funding can happen in days, not weeks.

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Stonefield Insider Tip: The Sale Doesn't Need to Be Firm

Here's what experienced brokers do: they submit the bridge deal to Stonefield at the same time they submit to the bank. If the bank comes through, great — cancel our commitment at no cost. If the bank pulls out at the last minute (and it happens more than you'd think), the Stonefield commitment is already in place and the deal closes on time. Treat us as your insurance policy on every bridge file.

When Clients Need a Bridge Loan

Bridge loans solve timing gaps in real estate transactions that banks refuse to accommodate.

Sale Not Yet Firm

The purchase is ready to close but the sale property has no firm offer. Banks say no, we say yes.

Closing Date Mismatch

Purchase closes before sale proceeds are available. We bridge the gap so neither deal falls apart.

Bidding War Win

Your client won a competitive offer and needs to close fast — before their existing property sells.

Conditional Sale

Sale is conditional on inspection, financing, or other conditions. We fund the purchase while conditions clear.

Relocation

Moving for work or family and need to buy before selling. We remove the timing pressure.

B Lender Purchase

B lenders often don’t offer bridges, even if the sale property is sold firm. We can make a loan only secured by the sale property or use other properties if required.

In every case, sufficient equity across both properties and a clear exit strategy are the keys to approval.

What We Need to Issue a Commitment

Property Details

Addresses for both purchase and sale properties, estimated values, and any existing mortgage balances.

Timeline

Target closing date on the purchase side and expected sale date (firm or estimated).

Exit Strategy

How and when the bridge loan will be repaid, typically from sale proceeds. The clearer the exit, the better the terms.

Frequently Asked Questions

Do I need a firm closing date on my sale property?
No. Stonefield doesn't require a firm closing date on the sale property — a listed, conditional, or even unlisted sale property can support a bridge deal as long as the combined equity across both properties works. This is the core difference from chartered banks, which require both properties to have firm dates before approving any bridge financing.
How fast can Stonefield close a bridge loan?
Same-day commitment is standard. Funding can happen in as little as 48 hours when legal counsel is ready. Typical bridge files close in 2-3 business days — the bottleneck is usually legal prep, not our underwriting. Submit early and have your lawyer lined up to close as soon as possible.
What is the typical LTV for a bridge loan?
Up to 70% LTV in major urban centres (Toronto, GTA, Vaughan, Richmond Hill) and 65% in secondary markets, stepping down as property liquidity decreases. Crucially, bridge LTV is calculated on the combined equity across both the purchase and sale properties — not each property in isolation. Low-risk bridges under 50% LTV can also price below our standard first-position bridge loan.
Can I get a bridge loan if my sale property is only listed, not sold?
Yes. Banks require a firm Agreement of Purchase and Sale on the sale property before they'll approve bridge financing — Stonefield doesn't. We can fund the purchase while the sale property is still listed, as long as the combined equity across both properties supports the loan. Over 90% of our bridge deals involve a non-firm sale.
What happens if my sale property doesn't sell during the bridge loan term?
If the sale takes longer than expected, we work with the broker and borrower to restructure. Options include a term extension (most common). The key is early communication. We're flexible when the equity supports it, and we'd rather renew than enforce.

Ready to Submit a Bridge Deal?

Same-day commitment. No firm sale date required.

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