California Private Money &
Hard Money 2nd Mortgages

Access real estate equity without refinancing your existing first mortgage.

Flexible Private Money 2nd Mortgages
for California Real Estate

A private money or hard money second mortgage can allow a property owner to access real estate equity without refinancing an existing first mortgage.

This can be especially valuable for borrowers who have a favorable first-mortgage rate they do not want to lose.

Triple Crown Funding provides second trust deed financing secured by California real estate, including rental, commercial, and owner-occupied properties when the loan proceeds qualify as a legitimate business purpose.

Fast Closings

Quick underwriting and funding when timing matters.

Equity Focused

Property equity and overall deal strength drive the decision.

Flexible Solutions

Flexible underwriting for scenarios outside a traditional credit box.

When a Private Money 2nd Mortgage
May Make Sense

Existing first mortgage has an attractive interest rate

Property has substantial available equity

Capital is needed for a business or investment purpose

Traditional HELOC or bank financing is unavailable

Income documentation does not fit traditional lending guidelines

Borrower has credit issues

Transaction requires a faster or more flexible lending solution

General 2nd Mortgage Guidelines

Second trust deed financing

Up to 65% combined loan-to-value (CLTV)

All property types considered

Owner occupied OK when proceeds are for a legitimate business purpose

Existing first mortgage generally should be current unless CLTV is low

Equity-focused underwriting

Credit and income issues considered

Appraisal waiver may be available

Recently Funded 2nd Mortgage Examples

Santa Ana, California

Property Type: SFR Rental
Loan: $575,000 Second Trust Deed
Purpose: Purchase a rental property

The borrower needed additional capital for the down payment on the purchase of another rental property. The subject property was an SFR rental with sufficient equity and acceptable credit, but the borrower did not have time to wait for a traditional bank second mortgage or HELOC.

Triple Crown Funding quickly arranged a private money 2nd, giving the borrower the capital needed to close on the purchase without delay.

Bell, California

Property Type: Triplex
Loan: $300,000 Second Trust Deed
Purpose: Property rehabilitation

The borrower had substantial equity but was two months behind on the first mortgage. One unit was vacant and needed rehabilitation.

Rather than being forced to sell the property quickly in rough condition at a discount, Triple Crown Funding funded a private money second that allowed the borrower to bring the first mortgage current, renovate the vacant unit, and take the time needed to find the right buyer.

Huntington Beach, California

Property Type: Income Property
Loan: $250,000 Second Trust Deed
Purpose: Bridge financing

The borrower needed fast access to capital to complete rehabbing a commercial property. The commercial property was mid-rehab and did not have enough equity to support the needed financing, but the borrower’s residence had substantial equity.

Triple Crown Funding provided the private money 2nd, giving the borrower the capital needed to complete the commercial rehab. The loan was completed without an appraisal using a walkthrough video provided by the borrower.