Equity-Based & Stated Income
Private Money Loans
Flexible California private money and hard money financing for borrowers with strong real estate equity but credit, income, asset, or documentation challenges.
When Traditional Lending Guidelines Do Not Fit
A borrower may have substantial real estate equity but still fail to qualify for a traditional mortgage because of income documentation, credit, assets, or other conventional underwriting requirements.
Private money and hard money lending can place greater emphasis on the real estate collateral, available equity, and overall transaction than traditional lending.
Equity Matters
When Private Money or Hard Money May Help
Low or challenged FICO
Limited traditional income documentation
Self-employment income that is difficult to document
Insufficient conventional reserves or assets
Recent credit problems
A transaction that does not fit traditional bank or Non-QM guidelines
Make-Sense Underwriting
This is where true private capital can make an important difference.
A borrower may have one aspect of the transaction that looks poor on paper—such as credit, income documentation, or property condition—but still have a strong overall loan because of substantial equity and a logical exit strategy.
Rather than focusing on one isolated guideline, Triple Crown Funding looks at the entire transaction.
The Entire Transaction Matters
Substantial equity and a logical exit strategy can make a strong overall loan even when one part of the borrower profile does not fit traditional guidelines.
Recently Funded Equity-Based & Stated Income Loans
Long Beach, California
Property: Rental SFR
Loan: $325,000 First Trust Deed
The borrower was purchasing a property from their mother but did not have sufficient cash for the down payment and did not meet traditional bank income and credit requirements.
Triple Crown Funding structured the transaction using a gift of equity, allowing the purchase to be completed without a traditional cash down payment.
The transaction was completed using a video walkthrough rather than a traditional appraisal.
Riverside, California
Property: Rental SFR
Loan: $200,000 Second Trust Deed
The borrower was involved in a lengthy eviction process with a non-paying tenant.
The loss of rental income, combined with significant legal expenses, depleted the borrower’s cash reserves.
The resulting financial strain had also caused the borrower’s credit score to fall into the 400s. Although the property still had substantial equity, the borrower was unable to qualify for traditional bank or Non-QM financing.
Triple Crown Funding funded a $200,000 private money second mortgage, replenishing the borrower’s cash reserves so he could complete the eviction process, stabilize the property, and begin rebuilding his credit.
The borrower’s longer-term plan is to refinance back into bank or Non-QM financing once the property and credit profile have stabilized.
Oakland, California
Property: Commercial Retail
Loan: $500,000 First Trust Deed
The property was in poor condition, located in a challenging neighborhood, and occupied by tenants paying primarily in cash.
Because the rental income could not be traditionally documented or verified, bank financing was not available.
However, the property had sufficient equity to support the requested loan.
Triple Crown Funding funded a $500,000 private money first mortgage based primarily on the property and available equity.
The loan was completed without a traditional appraisal using property photos provided by the referring broker.
Explore Other Loan Programs
Explore other private money and hard money loan programs for California real estate.
Don’t Fit Traditional
Lending Guidelines?
Send us the scenario and we will evaluate the property, equity, requested loan amount, borrower circumstances, and proposed exit strategy.
To quickly evaluate your transaction, send us: