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Ontario residential property

Estate & Probate

We Work Directly With Estate Lawyers & Trustees. Let Us Help You Navigate

Banks won't lend when title is in transition. We work with estate lawyers and trustees to finance through the probate process. We often work with POA (Power of Attorney).

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Stonefield Capital provides mortgage financing for inherited, probate and Power of Attorney properties in Ontario, where title may be in transition and traditional lenders will not engage until the estate is settled. We work directly with estate lawyers, beneficiaries and POA to structure private mortgage financing that keeps the estate moving forward.

Why Banks Won't Lend on Probate Properties

Traditional lenders require clear, settled title before they will register a mortgage and probate properties by definition have title in transition. The estate may be waiting for a Certificate of Appointment, the property may still be in the deceased's name, or there may be multiple beneficiaries with competing interests.

Banks see these as unresolvable barriers. Stonefield sees them as a normal part of the estate process that we have navigated before. We have experience coordinating with estate lawyers across Ontario and understand the documentation requirements and legal authorizations needed.

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Stonefield Insider Tip: Start the Conversation Early

Estate timelines are unpredictable, but financing conversations don't have to wait until probate is complete. If you know the estate will need mortgage financing, whether for debts, renovations, or a beneficiary buyout, engage Stonefield or your mortgage broker early. We can pre-assess the deal based on the property's equity so that when the estate is legally ready, the commitment can be issued same day.

Common Estate Scenarios We Finance

Estate properties require financing for reasons that banks simply cannot accommodate within their process.

Pay Estate Debts

Refinancing an inherited property to pay estate debts, taxes, or outstanding obligations.

Prepare for Sale

Funding renovations to bring an estate property to market-ready condition to ensure the highest possible sale price.

Beneficiary Buyout

Buying out one or more beneficiaries who want their share in cash rather than holding the property.

Bridge During Probate

Bridging the gap while waiting for probate to complete, covering carrying costs and obligations.

Title in Transition

Certificate of Appointment pending or property still in deceased's name. We help you work through it.

Multiple Beneficiaries

Complex beneficiary situations with competing interests. We structure the deal to serve the estate.

In every estate situation, we coordinate directly with the estate lawyer and estate trustee to ensure proper authorization before funding.

How We Work with Estates

Estate Documentation

We work with properties where title is in transition, including cases where the Certificate of Appointment has been issued or is pending.

Direct Coordination

Our team works directly with the estate lawyer and estate trustee to confirm the title chain and structure the mortgage appropriately.

Fast When Ready

Once the estate trustee is appointed and legal authorizations are in place, we issue a same-day commitment and move to close.

Frequently Asked Questions

What estate documentation is required for probate property financing?
Stonefield works with properties where title is in transition — either the Certificate of Appointment of Estate Trustee has been issued, or it's pending. Our team coordinates directly with the estate lawyer to confirm the title, review the will or grant of administration and structure the mortgage accordingly.
What role does the estate trustee play in the mortgage process?
The estate trustee (formerly executor) acts on behalf of the estate, signing mortgage documents, authorizing the financing, and directing use of proceeds. Stonefield works directly with the estate trustee and their legal counsel to ensure all beneficiary authorizations, court orders, and trustee powers are in place before funding. Nothing closes without proper estate sign-off.
How long does it take to close a mortgage on a probate property?
Probate itself takes months; the financing piece doesn't. Engaging us early means we can pre-assess the deal so the commitment is ready the day the estate is legally able to proceed. Once the estate trustee is appointed and the legal authorizations are in place, Stonefield issues a same-day commitment and closes in 3 to 5 business days, or as fast as the legal process allows.
Can Stonefield finance a property with multiple beneficiaries?
Yes. We work with the estate trustee and estate lawyer to structure the mortgage around the estate's chosen path: holding the property, renovating it for sale, buying out one or more beneficiaries, or paying estate debts. Every beneficiary sign-off required by the will or court order is verified before funding.
Can estate financing be used to buy out a beneficiary?
Yes — beneficiary buyouts are one of the most common uses of estate financing. When one or more beneficiaries want to keep the property and others want their share in cash, Stonefield provides the financing secured against the property's equity. We typically fund up to 70% LTV in the GTA and 65% in secondary markets, with typical 1-to-12-month terms to give the retaining beneficiary runway to refinance into a conventional mortgage or sell the property.

Need Financing for an Estate Property?

Same-day commitment. We work with estate lawyers and trustees across Ontario.

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