Frequently Asked Questions
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.
We're private real estate lenders in the San Diego, Orange County, and Los Angeles markets.
Our rates range from 9.99% to 10.99% depending on the product type, location, risk, and term. We provide a fixed interest rate over the term of your loan. Plus the borrower only pays interest on the loan amount outstanding.
Our business purpose loan terms typically range from 12 – 24 months.
Our business purpose loan amounts range from $1M to $8M.
We will loan up to 75% Loan-To-After-Construction Value (LTACV) and 100% of the rehab and construction dollars if we're comfortable that the Loan-To-After-Repair Value (LTARV) will be 65%. We require our borrowers to have real equity in the transaction.
Yes, we provide construction holdbacks as part of your loan package, and we can work with your Fund Control throughout the process.
When a construction loan draw is requested, we can provide the funds within 24 – 48 hours from the request.
Our Lender fee is 0.5-2 points. We require $2,000 in legal fees. Appraisals are generally not required. Borrower pays for normal and customary Escrow and Title fees.
We can typically close in 1-2 weeks from application approval, depending on the complexity of the transaction and third-party requirements.
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 close as quickly as Title, Escrow, and Insurance can go! Reach out today to fund your loan!