2140 E Southlake Blvd L-813 Southlake, Texas 76092
By Appionment 866-758-9885 David Mixon 8-24-2011 Texas 5+ Phone: 682-651-8723
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"Funding power to help YOU SUCCEED!"

Frequently Asked Questions

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What is a Private Money loan?

Private money loans are asset-based loans normally used to finance short term repairs on “rehab”  and “new construction” properties.  TCB Capital is a direct lender so we are able to offer our services when most conventional banks cannot.

What is Private Money and how is it different from Hard Money or Banks?

Private Money is usually considered quite a bit more flexible and can often approve deals that even a Hard Money Lender turned down.  Private Money can be a good alternative to commercial bank lending in overcoming various hurdles such as timing, deal complication and risk. Private money lenders can step in to provide funds where conventional lenders cannot.

How do I start the application process?

Simply fill out the Private Money Form under the “loan programs” tab on our website; and, one of our representatives will contact you within 48 hours. If you have a deal under contract then as soon as you click submit with all your information call us 817-723-8834.

Is there an application fee?

We do not charge to initially review your deals.  Once we approve your paperwork and start the appraisal/closing process then there are fees you are responsible for.

Will you lend on a property that I already own?

Yes, as long as the property is non-owner occupied and the amount is within our approval criteria and loan to value ratio limit.

Is there a down payment required?

Down payments are common however we realize that every borrow situation is different.  Some of the determining factors for a down payment requirement include:  the rehab experience of the borrower,  the real estate market, loan to value ratio, and if you have an established track record of loans with our company.  If needed we also consider other properties you own or cash accounts like CD’s or savings accounts as collateral.

What if I have bad credit or no credit at all?

Although TCB Capital will pull your credit scores prior to loan approval; it is not a determining factor for loan approval.  Because we are offering an equity-based loan you can still be approved with bad or no credit.

What types of property do you lend on?

We offer loans on non-owner occupied single family homes and new construction.

What is your loan-to-value ratio?

Our loan to value ratio is typically 65%.  If the deal is right sometimes we go up to 70%.

What is your interest rate and how many points do you charge?

Interest rates are normally 12-14% and we typically charge between 3 to 6 points.

What is the term of your loan?

We can even offer transactional funding for very short loans.  Our typical loan terms between 3-18 months, and sometimes up to 2 years

What are your minimum and maximum loan amounts?

Our loan amounts start at $20,000 to $500,000 and above $500,000 when the market area is very strong in that price range.

Will you lend money on property with a lien?

Yes, normally the cost of the lien is added into the closing costs.

Do you require an appraisal?

Yes, an appraisal is required by one of our approved appraisers only.

Do you require an inspection?

Yes, our team will order any and all inspections.

Do you provide a letter of credit?

Yes, Once you are pre-approved with us we will be happy to provide you with a pre-approval letter.

How do you handle the underwriting of the loan?

Our team is highly experienced lenders and take the time to consider every possible situation when underwriting.  We can be creative when needed, as a result we can often approve projects that others have turned down.

Can I live on the property during the loan?

No, we only offer loans on non-owner occupied.

Can the loan be made to an entity or company?

Yes, as long as the borrower personally guarantees the loan.

Does the property need to be under contract before I apply for a loan?

We prefer that the property be under contract but will be happy to speak to your options if it’s not.  If you just have a quick question feel free to call us however, its still best if you fill out the form on our website so that we have a better picture of your overall situation and then give us a call.

Do you lend money for rehab projects?

Yes, we will lend money for rehab/repairs provided the amount does not exceed our loan to value ratio of 65%-70% (varies per project)

How fast can I close?

Closing can normally occur within 10-14 working days after you are fully vetted and in our system and all due diligence is successfully completed including verification of value and repairs/build cost on property. So its important to get your information entered so that is one less thing to worry about when you get a deal and need to close quick. If you have a contract then get all the information to us right away, don’t delay!

What are your closing costs?

Closing costs vary and are normally between 5%-7%.   As our loan to value ratio is not exceeded, these costs can normally be rolled into the loan.

Can I have more than one loan at a time?

Sure, we want to do all your loans.  To have multiple loans going at the same time you must be experienced with a good track record, on top of your jobs, established collateral and preferably have closed projects with us before.

In what areas will you lend?

TCB Capital is based out of Dallas Fort Worth, Texas and this is our primary area for lending to Real Estate Investors. However, for the right borrower and deal we do lending nation-wide.

If you have additional question or just want to brainstorm something out feel free to give us a call 682-651-8723.  If you have a deal that you need funding for then click here and fill out the form.