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FAQs: Business Purpose Real Estate Loans

Offering Short-term Loan Programs in the Coastal Southern California market.

What product type are you focused on?

We focus on providing first trust deed loans on single family residential and commercial acquisition bridge, fix and flip and rehab/construction properties. We do not lend on owner-occupied single-family homes.

What geographic areas do you lend in?

We're private real estate lenders in the San Diego, Orange County, and Los Angeles markets.

What are your typical interest rates for residential loans?

Our rates depend on the product type, location, risk, and term. Our rates tend to be lower for acquisition bridge and on the higher end when there’s more rehab/construction involved. We’re typically in the 10.5-13.0% range and we provide a fixed interest rate over the term of your loan. Plus the borrower only pays interest on the loan amount outstanding.

What is your typical loan term for fix and flip/acquisition/rehab loans?

Our business purpose loan terms typically range from 12 – 24 months.

What are your typical loan amounts for residential fix and flip/acquisition/rehab loans?

Our business purpose loan amounts range from $1M to $4M.

What is your typical loan to value rate?

We will loan up to 75% LTAC and 100% of the rehab and construction dollars if we’re comfortable that the LTARV will be 65%. We require our borrowers to have real equity in the transaction.

Do you provide construction holdbacks as part of the loan package?

Yes, we provide construction holdbacks as part of your loan package, and we can work with your Fund Control throughout the process.

How quickly do you process construction loan draws?

When a construction loan draw is requested, we can provide the funds within 24 – 48 hours from the request.

Do you have any other fees?

  • Our Lender fee is 1-2 points.
  • We require $2,000 in legal fees.
  • Appraisals are generally not required.
  • Borrower pays for normal and customary Escrow and Title fees.
  • Why should we consider working with Trinity Mortgage Fund?

    Trinity Mortgage Fund is not a typical private real estate lender. For our team, lending is a relationship, not a transaction. The Trinity Mortgage Fund founders and managing principals have worked together for over 30 years, bringing over 100 years of combined real estate experience in the San Diego and Southern California markets. Our three principals are involved in every loan decision and have been in your shoes. We have been directly involved in the acquisition, entitlement, finance, development, leasing, and management of virtually every type of commercial and residential real estate. Our goal is to as quickly as escrow, insurance and title can go! Reach out today to fund your loan!

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    Call us at
    858-229-7799 or
    619-980-8977 for a quote.