Owner-Occupied Business-Purpose
Private Money & Hard Money Loans

Access equity in your home for legitimate business and investment purposes.

Business-Purpose Financing Secured by Your Home

Triple Crown Funding provides business-purpose private money and hard money loans secured by owner-occupied residential real estate.

These loans can be an alternative for business owners, self-employed borrowers, and real estate investors who have substantial equity in their home but cannot—or do not want to—qualify for a traditional bank HELOC or second mortgage.

Loan proceeds must be used primarily for a legitimate business or investment purpose rather than personal, family, or household expenses.

Common Uses for Owner-Occupied Business-Purpose Loans

● Business expansion

● Working capital

● Purchase or buy into a business or professional practice

● Equipment or other business expenses

● Purchase of investment real estate

● Rehabilitation of rental or investment property

● Business or investment opportunities

● Other legitimate business-purpose uses

Why Use Private Money?

Many homeowners have attractive first mortgages that they do not want to refinance simply to access additional capital.

A private money second mortgage can allow the existing first mortgage to remain in place while providing additional business-purpose capital.

A new private money first mortgage may also be considered when the majority of the loan proceeds are business-purpose cash-out and the overall transaction makes sense.

Use Home Equity Without a Traditional Credit Box

Flexible underwriting can help business owners and investors access equity when bank guidelines do not fit the transaction.

General Owner-Occupied Business-Purpose Guidelines

● Owner-occupied residential real estate

● Loan proceeds must qualify as legitimate business purpose

● Typically structured as a second trust deed

● First trust deed may be considered when the majority of proceeds are business-purpose cash-out

● Existing first mortgage generally should be current unless CLTV is low

● Up to approximately 65% LTV / CLTV

● Equity-focused underwriting

● Credit issues and nontraditional income considered

Recently Funded Owner-Occupied Business-Purpose Loans

Hermosa Beach, California

Property: Owner-Occupied Duplex
Loan: $475,000 Second Trust Deed
Purpose: Business investment

The borrower needed capital to buy into an anesthesia practice but had a favorable existing first mortgage that he did not want to refinance.

Traditional HELOC financing was not a practical solution for the transaction.

Triple Crown Funding provided the private money second while allowing the existing first mortgage to remain in place.

The transaction was completed without a traditional appraisal using a property walkthrough.

San Clemente, California

Property: Owner-Occupied SFR
Loan: $525,000 First Trust Deed
Purpose: Business expansion

The borrower needed capital to open a second location for his coffee shop.

The borrower had a FICO score in the 500s and non-documentable income, but their residence had substantial equity and was only encumbered by a small business loan.

Triple Crown Funding provided a private money 1st that paid off the existing business loan and gave the borrower the additional capital needed for the business expansion.

No traditional appraisal was required; the property was evaluated using a borrower-provided walkthrough video.