WHO WE ARE

What is StoneRidge Lending?

With 20 years of experience, StoneRidge Lending is a private mortgage administration company that operates and administers mortgages with funds from lenders like you!

StoneRidge Lending allows a lender to consolidate their private mortgage portfolio with one administrator. StoneRidge aims to help those private lenders that assist Canadians who have fallen through the cracks who should, but do not qualify through traditional means for a mortgage.

StoneRidge was built on helping more Canadians actualize their dream of home ownership!

Why Should StoneRidge Administer my Loans?

Consistent

Monthly fixed income deposited directly on the 10th day of each month

Experienced

Decades of experience take the guess work out of mortgage administration

Flexible

Your loans may be returned within 90 days upon written notice

Secure

Your loan is secured against real property and StoneRidge assumes the administration and enforcement duties for you

How Does it Work?

  • Borrower requests loan from StoneRidge

  • StoneRidge works with mortgage brokers to connect the borrower with the right lender

  • StoneRidge works with the broker and other professionals to ensure money is only lent out within the agreed upon guidelines of the lender

  • Mortgage is funded with Lender Dollars

  • Borrower makes monthly payment to StoneRidge

  • StoneRidge deposits interest payments into Lender’s bank account on the 10th of each month

  • In the unusual circumstance that a borrower does not honour their monthly payment, StoneRidge will take the appropriate enforcement steps, based on its decades of experience and, take care of the collection

  • StoneRidge provides investor with quarterly statements

We Handle The Administration

• We issue quarterly reports and T4As •
• We collect and distribute the funds •
• We assume the duty of collection or litigation in the case of a missed payment •
• We work with the lawyers in order to fund and discharge mortgages •

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What We Do to Keep Your Investment Secure

A thorough review and verification of all documentation to determine credit worthiness of the borrower as well as their ability to repay the loan: borrower application; creditnreport; proof of income; NOA’s; proof taxes are in good standing; independent appraisal of the property.

We continually monitor concentration risk to ensure that no one loan is a significant portion of the total portfolio.

A mix of loans by size, borrower, geography and property type smooths returns by limiting exposure to any one area.

Before we invest, we have a clear understanding about the path to repayment.

A max LTV of 75% on residential first mortgages and 80% on second mortgages. Historically StoneRidge has maintained a weighted average LTV of less than 80%. This creates a margin of safety.

With an average term of under one year, we have an opportunity to reassess the credit terms frequently and the short duration increases the liquidity of the investment

We have extensive expertise in working through difficult situations when they do arise to produce successful outcomes.

Once a loan is advanced we continue to regularly monitor the borrower and the property until the mortgage is repaid.

We only administer mortgages with 1-year terms. However, our lenders may request with 90 days written notice for the return of their funds. We monitor trends in the markets that you lend in, ensuring liquidity at all times.