Trueline Capital

About Trueline Capital

Trueline Capital is a private real estate lender based in Bend, Oregon. They offer a variety of loan products, including fix and flip "hard money" loans, ground-up construction loans, bridge loans, and more. Trueline's loan programs currently serve major metropolitan areas within the Pacific Northwest, including Seattle, Washington, Portland, Oregon, Boise, Idaho, and areas surrounding Puget Sound. For most projects, they offer loans up to 75% loan-to-value (LTV) and 95% loan-to-cost (LTC). They will make loans with flexible terms for residential and commercial properties.

Loan Types Offered: Hard Money Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use

Areas Served: Seattle, Portland, Boise, Tacoma, Bellevue, Vancouver, Eugene, Corvallis, Redmond, Kirkland, Renton, Kent, Pierce County, Snohomish County, King County, Deschutes County, Clackamas County, Washington County, Lane County

Licenses: NMLS# 1549012, NMLS# 1686299

Lending Guidelines for Trueline Capital

Below are the general loan guidelines published on the Trueline Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Trueline Capital.

Loan Example 1

Antonio finds a house in Seattle, WA to remodel and re-sell. Since he doesn't have enough cash available to buy the $260,000 property outright, he takes out a hard money loan from Trueline Capital. The lender agrees to make a loan with a 50% loan to value (LTV) so they will extend $130,000 on the house. The loan also consists of these features: 1) a 18 month term, 2) a 8% interest only note, and 3) a two point origination charge.

Antonio will need to contribute a total of $32,400 up front to pay the $130,000 down payment in addition to the $2,600 origination fee. After the loan is closed and Antonio takes over the project, he will begin making payments each month of $867 to Trueline Capital ($130,000 principle x 8% / 12 months). Antonio's intention is to finish the renovation within the 18 months and re-sell it for $312,000. If he succeeds he will earn a gross profit of $33,800 ($312,000 sales price - $130,000 principle amount - $130,000 cash paid at closing - $2,600 origination fee - $15,600 in total interest.

Loan Example 2

Dale is a real estate investor in Portland, OR. She locates an older townhouse for a rehab project and takes a private money loan from Trueline Capital with the following paramters:

$220,000 purchase price
65% loan to value (LTV)
6 month term
9% rate of interest
4% origination fee

Once the rehab project is completed, if Dale sells the house for $297,000, the numbers would be as follows:

$297,000 sales price
- $143,000 principle on note (65% LTV)
- $77,000 cash paid at closing (35% on 65% LTV)
- $5,720 origination fee (4% of the $143,000 principle amount)
- $6,435 interest payments (6 months x 9% interest)
-----------------------
= $64,845 gross profit (does not include taxes or renovation costs)

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