Deal type 01
Bridge financing
Closing-window mismatches, builder draws, holdovers between sale and purchase. 30 to 12 months, 1st or 2nd position, $500K to $25M.
Private capital · Term sheets in 48 hoursWhen the bank says
When the bank says
not yet,
we say by Friday.
Baystone underwrites the deals the bank can’t move on inside its risk window — short-bridge, value-add, second-position, distressed-acquisition. $150M deployed in 2025, average term sheet returned in 48 hours.
$150M
Deployed in 2025
48 hrs
Median term-sheet
9.5%
Starting rate · 1st position
Closed · Q4 2025
$8.4M bridge · Etobicoke
Closed in 6 days. The bank ETA was 60.
Term-sheet clock
48hrs
From submission to written term sheet · median across 2025
Four lanes · all asset-securedWe fund what
We fund what
banks decline.
Asset-secured private capital across four lanes. We do not screen on credit score; we underwrite the asset, the exit, and the sponsor. If the property is clean and the math holds, we’ll fund it.
▸ Who we fund
Four deal types
banks won’t touch.
Baystone is the call developers, syndicators, and operating partners make when the file is good but the timing or structure has the schedule-A bank backing off.
Deal type 02
Value-add acquisitions
Multi-residential, mixed-use, light commercial that needs work. We underwrite the after-stabilization NOI, not the trailing T-12.
Deal type 03
Second-position equity
When the senior is fixed and you need to take out equity for the next deal. Up to 75 LTV blended, no senior consent required.
Deal type 04
Distressed acquisitions
Receiver sales, mortgage-default purchases, time-sensitive opportunities. We close around the bank’s clock, not within it.
▸ The 48-hour clock
Submit Monday.
Term sheet Wednesday.
Three named partners review every file personally. No analyst tier, no committee cycle, no “we’ll get back to you next week.”
- Hour 0
Deal in
Submit a one-page summary plus exhibits. We confirm review-window starts inside 30 minutes.
- Hour 24
Indicative pricing
Our principal partners walk the file by end of day one. You get an indicative term within 24 hours.
- Hour 48
Written term sheet
Signed, executable term sheet by hour 48. Diligence and closing schedule attached.
- Day 6
Funded
Median funding window from term-sheet acceptance to wire. Faster on bridge or recourse-backed deals.
48-hour term sheet
Tell us the deal. Term sheet by Friday.
Eight short questions, no soft-credit pull. We size the loan against your asset, exit, and timeline. A principal reviews and emails an indicative term sheet within 48 hours — Friday-close, by design.
- $200K — $20M · 1st + 2nd mortgages, residential and small commercial
- Indicative term sheet within 48 hours · written commitment in 7 days
- We fund what banks decline — provided the asset and exit are clean
Step 1 of 813%
Get started
What are you looking to do?
Tell us why you're exploring a mortgage — we'll tailor the rest to your situation.
We don't run a credit check. Nothing is shared with any lender unless you ask us to connect you.
▸ Recent deals · 2025
Four files,
thirty-one days total.
FilePropertySizeTermRateDays
BS-04-2025$8.4M12-mo bridge · 1st9.50%6 days
Etobicoke 12-unit value-add
Closed around a bank-decline situation.
BS-03-2025$3.2M24-mo · 2nd position11.25%9 days
Mississauga retail strip refi
Equity take-out for owner’s next acquisition.
BS-02-2025$11.0MConstruction draw · 18 mo10.00%11 days
King West condo developer draw
First-position bridge to permanent take-out.
BS-01-2025$6.8M12-mo · 1st9.75%5 days
Hamilton mixed-use trophy
Time-sensitive purchase from receiver.
▸ Side by side
The Baystone way
vs the bank way.
The Baystone way
What you receive
Going to the bank
What you settle for
+48-hour written term sheet
—2–4 weeks for committee cycle
+Three named partners review every file
—Analyst tier, then officer tier
+Bridge, second-position, value-add structures
—1st-position conforming only
+Compensation disclosed up front
—Fees layered through closing
+Funds drawn around your timeline
—Funds drawn within bank hours
+$500K–$25M deal range
—Conforming retail, conforming commercial
▸ A note from the desk
“Half the deals we fund were declined by a schedule-A bank in the previous sixty days. Our job isn’t to be cheaper than the bank — it’s to be the phone call that picks up after they put the file down.”
Hassan Bayda
Managing Partner · ex-Romspen
$1.2B
Career deployed
192
Closed deals
100%
Closing rate on signed term sheet
Got a deal that
can’t wait?
One-page summary, three exhibits, you’ll have a written term sheet inside forty-eight hours. We don’t price every deal — we price every deal honestly.
