03 / Case files

WHO WE FUND.
SIX RECENT FILES.

Names redacted, structures intact. Each closed in the last twelve months.

01

Case file

The self-employed borrower

“Declares $62K, takes home $140K. Bank can’t see past the T2125.”

The arc

Sponsor was a sole-proprietor consultant with three years of consistent invoicing but minimal declared income post-deductions. Bank declined twice. Baystone underwrote on bank-statement cash flow analysis and prior-year deposit history.

The exit

Refinanced to a prime lender at month 23 once two years of fully-rebuilt declared income were available.

Deal terms

Product

1st position

Loan size

$680K

LTV

72%

Term

2 yr

Rate

7.49%

02

Case file

The post-separation refinance

“Ex-spouse buyout. Bank’s 6-week underwriting queue was a deal-breaker.”

The arc

Court-ordered buyout with a 30-day funding deadline. The bank could not commit to the timeline. Baystone reviewed the matrimonial order, confirmed equity, and issued commitment in 36 hours.

The exit

Refinanced to a prime lender at month 24 once income was stabilised.

Deal terms

Product

1st position

Loan size

$1.42M

LTV

70%

Term

3 yr

Rate

6.99%

03

Case file

The deal-breaker bridge

“Bought a new home. Sale of current home closes 5 weeks later.”

The arc

Standard bridge — except the existing-home sale was conditional and at risk. Baystone underwrote both properties in parallel and structured a 9-month bridge with an open prepay so the borrower could collapse it the day the sale firmed.

The exit

Sale firmed week 4; bridge prepaid in full week 5.

Deal terms

Product

Bridge

Loan size

$1.10M

LTV

63%

Term

9 mo

Rate

7.49%

04

Case file

The construction draw

“Custom build, 40% complete. Bank paused draws over an appraisal issue.”

The arc

Bank construction loan was paused mid-build over a disagreement on projected complete value. We obtained a second appraisal, took out the bank position, and continued the draw schedule on our underwriting.

The exit

Refinanced to permanent prime financing 14 months later.

Deal terms

Product

Construction

Loan size

$2.20M

LTV

65%

Term

14 mo

Rate

9.49%

05

Case file

The new-to-Canada family

“Tech executive relocated from London with no Canadian credit file.”

The arc

UK passport, US salary, Canadian residency under three months. Bank required two years of Canadian credit. Baystone underwrote on UK credit references plus six months of corporate-paid Canadian bank deposits.

The exit

Refinanced to a prime lender at month 18 once Canadian credit history matured.

Deal terms

Product

1st position

Loan size

$1.85M

LTV

65%

Term

2 yr

Rate

7.99%

06

Case file

The equity take-out for working capital

“Owner-operator needed $400K to bridge a customer payment cycle.”

The arc

Sole shareholder of a profitable contracting business hit a 90-day receivable backlog. Bank’s line was already maxed. Baystone took 2nd position behind their existing first mortgage at 78% combined LTV.

The exit

Receivables cleared at month 8; second mortgage prepaid in full at month 11.

Deal terms

Product

2nd position

Loan size

$420K

LTV

78% combined

Term

12 mo

Rate

10.99%

YOUR FILE WILL LOOK LIKE ONE OF THESE.

We see more of these scenarios in a month than most banks see in a year. Bring us the file.

Generate a term sheet →
48-hour term sheet
SearchPodBackGet free proposalBook demo