Frequently Asked Questions

Here are answers to some of our most frequently asked questions.
Click here to view questions to ask your hard money lender.

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What States Do You Lend In?

We lend nationwide in 46 states across the U.S. States we do not lend in include DE, ND, SD, VT. However, other states may be approved by exception.

What is a private money lender?

A private money lender is an investor who makes loans secured by real estate, typically with less required documentation than traditional banks and lenders because private money lenders are usually basing their underwriting on the property value and experience of the borrower.

What are some advantages of private money lenders?

Private money loans can have several advantages over traditional bank financing including:

A simpler application process and quicker approval/disapproval decision.
Less scrutiny of the borrower’s personal financial situation, including income and historical tax returns, compared to bank loans.
Borrowers can allocate less time to seeking financing and instead concentrate on other businesses.
Most private money lenders do not expect perfect credit and substantial amounts of disposable income from borrowers, but instead focus on the merits of the specific deal under consideration.

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Why Work With Temple View?

We make lending easy, fast, and efficient. Temple View can do the deals that other lenders can’t. Our range of loan programs gives us an edge over our competitors. Temple View has years of industry experience and a proven track record of success when it comes to developing creative and effective real estate investment funding strategies and was founded by entrepreneurs with more than 20 years of residential mortgage and real estate investment experience, Temple View has been at the forefront of innovative product development since its inception. Since we have our own capital, that gives us the ability to customize and work on complex deals. We are one of the only lenders to offer advanced rehab draws as a unique benefit to our borrowers.

Our 15+ years of success in this business is a testament to our commitment to client service, and our focus on transparency, reliability, and stability. We offer a comprehensive suite of innovative funding programs that are tailored to your specific needs. We adjust our programs accordingly to ensure the long-term sustainability of our clients’ projects and portfolios. We are trusted by thousands of borrowers nationwide, through all sorts of economic conditions. In fact, when others stopped lending during COVID, we didn’t – we supported those who needed us most.

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What loan programs do you offer?

Temple View is a national private portfolio lender that offers flexible financing for investors in residential real estate. Our loan programs include:

Residential Loan Programs:

• Acquisition-Only

• Purchase + Rehab

• Refinance - Rate & Term

• Refinance - Cash Out

• Refinance + Rehab

• Rehab + Rent

• Purchase Bridge Loans

• Refinance Bridge Loans

• New Construction

• Short-Term Rental Loans

• DSCR Long-Term Rental Loans

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What Are Advanced Rehab Draws?

Advanced rehab draws provide borrowers with instant access to funds, enabling them to initiate their projects without delay. This grants borrowers a significant advantage by helping them maintain their financial fluidity.

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Does my credit matter?

We are a property-centric lender; however, credit is taken into consideration as part of our underwriting process.

What is a bridge loan?

Temple View provides bridge loans offering short-term funding to cover the gap between two transactions, typically when your construction loan is due, and your long-term financing is complete or additional time is needed to sell the property.

Can I purchase a property under my personal name?

No, Temple View lends only to business entities (LLC’s, C Corps, etc.). Registering a business entity is easier than many think, and the process can often be started online through your state government.

Will Temple View lend on an owner-occupied home?

Temple View does not have an owner-occupied loan program. We lend to experienced real estate investors for the purchase, improvement, and construction of residential non-owner-occupied properties, including rentals.

What is a draw request and how does the process work for construction draws?

A draw request is when a borrower accesses their approved construction loan funds in increments. These funds allow borrowers to regularly pay vendors, suppliers, contractors, and subcontractors.

Your draw schedule will be based on two draw types:

Advanced: Temple View advances construction funds prior to work being completed according to the approved scope of work.
Reimbursement: Temple View reimburses constructions funds once work from the approved scope of work is fully or partially completed or deposits with proof of payment are provided (i.e., canceled checks, paid receipts, etc.).

The process is as follows:

A client notifies us when they have completed a specific milestone of their construction draw schedule and submits a draw request to the TVC Draw deal via the portal.
After the borrower submits a draw request to Temple View, the review process begins. Temple View will review documents, order, and review inspections to verify the completion of the required construction work. It is customary to get a lien release from contractors (for each draw) who work on the project to mitigate the risk of future liens.
Upon approval, our in-house inspector will visit the property to confirm the completion of repairs.
On a rehab or new construction loan, Temple View will release the part of the loan dedicated to the renovation or construction project in stages. Each installment will be released to the borrower’s bank account after a particular draw stage and requirements are met. Generally, the period between the initial draw request and when a borrower receives funds is 3-4 business days.

To learn more about the construction draw request process click here

What type of properties do you lend on?

Residential, Non-Owner-Occupied, 1-4 Single-Family Homes, Condos, and Townhomes.

What are your program features?

No Asset Verification
Residential, Non-Owner Occupied Properties
Advanced Rehab Draws and No Monthly Payments
Escrow Payments
Delayed Purchase Financing
No Income and No Tax Returns
Fast In-House Underwriting and Easy Draw Process
Exceptional Customer Service and Dedicated Account Manager
Flexible Terms and Competitive Rates
Construction Funds Paid at Closing

How do I apply for a loan?

Fill out our online application here or call one of our experienced loan officers a call today at 844-232-7878 to start the conversation. Each loan scenario is unique, and we believe in a personalized approach to each transaction. At Temple View, we aim to sit on the same side of the table as our borrower and get to know your individual needs to help make your project a success.

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