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Ontario residential property under renovation

Fix & Flip

Fix & Flip Financing That Works Like a Line of Credit, Not a New Loan Every Project

Set up a multiple draw facility once, use it as working capital across every flip. Draw what you need, repay when the project sells, reborrow with less (or $0) in legal fees.

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Stonefield Capital provides Fix & Flip financing in Ontario, often registered on a flipper's principal residence as a HELOC-style multiple draw mortgage. Investors draw funds when they need them, repay them when projects sell, and reborrow without setting up a new charge. With sufficient equity or collateral properties, Stonefield can finance up to 100% of the purchase and renovation costs of a flip.

How Stonefield Funds Fix & Flips

Most lenders treat every flip as a new file: new appraisal, new commitment, new legal registration, new discharge. The legal fees and turnaround time eat into your margin and break the rhythm of frequent flippers.

Stonefield Capital's approach is different. We often register a single multiple draw mortgage on a flipper's principal residence and treat it like a HELOC. You draw funds when a project starts, repay when it sells and reborrow on the next one without re-registering anything. One legal setup, used as working capital across every flip in your pipeline.

How We Underwrite a Fix & Flip Facility

Equity Position

When the flipper has sufficient equity in their principal residence or another property, we register there and treat the facility as a HELOC. No need to register on every flip property.

Collateral Properties

Where the principal residence doesn't fully cover the project, we cross-collateralize against the flip property itself, other rentals, or additional collateral properties to build the total facility.

Exit Strategy

Sale of the renovated flip is the standard to pay the loan down. We confirm the after-renovation value, comparable sales, marketing strategy, timeline and structure the term to match.

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Stonefield Insider Tip: Why Flippers Save With a Single Setup

Flippers running multiple projects a year often spend $3,000+ in legal fees per flip, just on registration and discharge. By registering once on a principal residence as a multiple draw mortgage, you can cycle through 4, 5, even 10 flips without paying that overhead each time. Funds are advanced when you need them, repaid when you sell, and re-borrowed for the next purchase, interest only charged on what's drawn. That alone often pays for itself in the first year for active investors.

Common Situations We Fund

We tailor the structure to how the flipper actually operates. Frequent investors, occasional renovators, or first-time flippers with strong collateral.

Frequent Flippers

Investors closing 3+ projects a year benefit most from a HELOC-style facility on their principal residence. Set up once, draw repeatedly.

Renovation-Heavy Projects

Major gut jobs, additions, or value-add renovations where institutional construction lenders won't release flexible draws.

Purchase + Renovation Combined

Fund the acquisition and the renovation budget in one facility, with sufficient equity or collateral to cover both.

Up to 100% of Project Costs

With other collateral properties, we have funded purchase + renovation budgets to over 100% of the flip property's purchase price.

Tight Closing Timelines

Bidding war wins, late commitments and short conditional periods, same-day commitments and 48-hour closes when needed.

First-Time Flippers

We assess the project, the budget, the contractor and the exit. Experience helps but isn't a hard requirement when the equity is there.

In every case we underwrite on equity, project economics, and a clear exit, not just credit and income.

Frequently Asked Questions

How does the Fix & Flip multiple draw facility actually work?
We register one mortgage (most often on the flipper's principal residence) and approve a total facility amount based on equity. You draw funds as projects come up, repay when they sell, and reborrow for the next flip — all without setting up a new charge. Interest is only charged on the amount currently drawn, not the full approved facility.
Do you have to register on every property I flip?
No. If there is sufficient equity in your principal residence or another property, we register only there and the flips themselves stay unencumbered. When the equity isn't enough, we register on the specific flip property and any required collateral properties to build the facility.
Can Stonefield finance 100% of a Fix & Flip purchase plus renovation?
With other collateral properties available, yes — we have structured facilities that cover 100% of the flip's purchase price plus the full renovation budget. The total LTV across the collateral pool still has to fall within our underwriting ranges, but on a per-flip basis the buyer can come in with $0 down.
How fast can a Fix & Flip facility be set up?
Same-day commitments are standard once we have the basic file. The legal registration is the slowest moving part, typical setup is 2–5 business days from signed commitment to a usable facility. Once set up, subsequent draws release in days, not weeks.
Are appraisals required?
In most cases, no. We use internal comparable sales analysis to value the property at acquisition and the projected after-renovation value.
What rates and fees apply to a Fix & Flip facility?
Pricing follows our standard private mortgage rate sheet — first-position GTA facilities start around 7.49%, with rates and lender fees adjusted based on LTV, term, and exit. Because the facility is set up once and reused, you avoid paying full legal fees on every flip, typically saving $2,500–$3,500 per project after the first.

Ready to Set Up a Fix & Flip Facility?

One legal setup, used as working capital across every flip — common-sense equity lending built for active investors.

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