FSRA Lic. #13722info@stonefieldcapital.ca
Ontario residential property

Construction Loans

Your Project Shouldn't Stall Because the Bank's Draw Process Is Broken

Milestone-based draw releases, streamlined inspections and a lender that understands construction timelines are not always linear.

Submit a DealContact Stonefield

Stonefield Capital provides private construction loan financing for residential projects. From custom home builds to teardown-rebuilds and stalled project rescues. Draws are released at milestone completion (foundation, framing, rough-in, finishing) with streamlined inspections and no committee approvals.

How Our Construction Financing Differs

Most construction loans are built around the lender's risk process, not the builder's schedule. Draws take weeks to release, inspection reports pile up and any deviation from the original plan triggers delays.

Stonefield Capital structures construction financing around project milestones so when the work is done, the draw is released. Fewer conditions, faster capital and a lender that understands construction timelines are not always linear. There are no committee approvals or escalation chains slowing down your project.

💡

Stonefield Insider Tip: Budget Realistically

The most common issue in construction financing is cost overruns. Build a 10-15% contingency into your construction budget from the start. If you submit a deal with a tight budget and no contingency, the file becomes harder to approve because there's no margin for the unexpected. A realistic budget with built-in contingency shows us you understand construction and it makes the deal easier to fund.

Project Types We Fund

We finance construction projects across the full residential spectrum in Ontario.

Custom Home Builds

Ground-up custom residential construction on owned or purchased land.

Major Renovations

Gut renovations, additions, and structural modifications that banks won't finance mid-project.

Multi-Unit Development

Small Multi-unit residential development projects across Ontario.

Teardown & Rebuild

Demolishing an existing structure and building new, we finance the full cycle.

Conversion Projects

Converting commercial to residential, single-family to multi-unit, or other use changes.

Stalled Projects

Construction project stalled due to financing issues. We step in and get it moving again.

Each project is assessed on land value, completed value, construction budget, and the borrower's exit strategy.

The Draw Process

Initial Advance

Funds released at closing to begin the project. We determine the maximum loan amount both parties are comfortable with to get the construction moving on schedule.

Milestone Draws

Subsequent draws tied to milestone completion, foundation, framing, rough-in, finishing. When the work is done, the money moves.

Streamlined Inspections

Independent inspectors who report quickly. No layers of bureaucratic progress reporting that slow down institutional construction loans.

Frequently Asked Questions

How does the draw process work with Stonefield?
Draws are tied to milestone completion: initial advance at closing, then subsequent draws at foundation, framing, rough-in, and finishing. We may require on site inspections to verify the work is completed per our standard. Stonefield understands that construction projects rarely work exactly as intended. We are flexible to ensure the project continues to move forward towards completion. When the work is done and verified, the money moves, typically within days, not the weeks institutional construction loans take.
What inspection requirements does Stonefield have?
Progress verification at each milestone before the next draw releases. We use independent inspectors who report in days, not weeks. No cost-to-complete reports at every stage, no engineering sign-offs on routine items, the documentation load is a fraction of what institutional construction lenders require.
What project size range does Stonefield finance?
Custom home builds, teardown-and-rebuilds, major renovations, multi-unit residential development, commercial-to-residential conversions, and stalled-project rescues are all eligible. Project size ranges from single residential builds to larger multi-unit developments across Ontario. Submit the project details and we'll confirm if it fits within 1 business day.
What happens if the project takes longer than expected?
Construction timelines slip, we build that assumption into every file. When a project runs beyond the original schedule, options include a term extension, an adjusted draw schedule, or a revised exit. The key is early communication: flag the delay as soon as it's visible, not at the end of the term. We'd rather extend than enforce.
Does Stonefield finance land acquisition as part of the construction loan?
Yes. We structure combined land acquisition plus construction financing when the deal math works. and value, construction budget, completed value, and exit strategy all reviewed together. Include a 10–15% construction contingency in your budget when you submit; a tight budget with no contingency is the single most common reason these files stall.

Have a Construction Project to Finance?

Fast draws. Milestone-based releases. Fewer conditions than the bank.

Submit a DealTalk to Us First