Trusted Loan Corps

About Trusted Loan Corps

TRUSTEDLOANCORPS is a Fairfield, CA based private money lender. They provide loans throughout California. They provide lending solutions for many different situations and needs, including refinancing, short term fix and flip loans, and commercial loans. They do not require a minimum credit rating to receive a loan. They make loans on all the following types of properties: single family residences, multi family residences, apartments, office units, retail storefronts, industrial facilities, and undeveloped land.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial, Land

Areas Served: CA

Lending Guidelines for Trusted Loan Corps

Below are the general loan guidelines published on the Trusted Loan Corps 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 Trusted Loan Corps.

Loan Example 1

Shawn takes a hard money loan from TRUSTEDLOANCORPS in order to remodel a house to flip in Los Angeles, CA. The price of the house is $380,000. The borrower will be required to bring 25% of the purchase price in cash to the closing based on a 75% loan to value set by the lender. This makes the principle amount from TRUSTEDLOANCORPS $285,000. The note is interest-only, with monthly payments, and is for 18 months at 8% interest with 2 origination points to be paid at the closing.

By the terms of the loan, Shawn will be required to contribute a $5,700 origination fee plus 25% of the purchase price, or $95,000, based on the 75% LTV. The monthly interest-only payments will then be $1,900 to the lender. If Shawn sells the house for $532,000 after 18 months, he would then make a gross profit of $112,100 after deducting the original principle of $285,000, the cash contributed at the close of $95,000, the origination points of $5,700, and the aggregate interest payments of $34,200. This profit does not include building costs.

Loan Example 2

Randall finds a duplex in Los Angeles, CA to rehab and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from TRUSTEDLOANCORPS with the following parameters:

$230,000 sales price
75% loan-to-value (LTV)
12 month term
10% interest rate
3% origination fee

If Randall accomplishes his goal of a $287,500 sales price, the numbers of the deal would be as follows:

$287,500 sales price
- $172,500 note principle (75% LTV)
- $57,500 cash paid at closing (25% on 75% LTV)
- $5,175 origination fee (3% of the $172,500 principle)
- $17,250 total interest paid (12 months x 10% interest)
-----------------------
= $35,075 total profit (doesn't include taxes or renovation costs)

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