I'M JOE TONER.
Your personal guide and friend in
private & hard money lending.
Toner Capital Group is a private and hard money lender based out of Tacoma, Washington. We lend to non-owner occupied borrowers who want to purchase investment real estate, fix and flip, develop land, build new construction, purchase or refinance a commercial building.
Getting told ‘No Thanks’ by the banks?
At Toner Capital Group, we provide private and hard money loans to borrowers who want to purchase non owner occupied investment real estate, fix and flip, develop land, build new construction or purchase/refinance commercial real estate.
Flexible Loan Terms
Something for everyone. We offer loans with terms from 5 months to 2 years.
Lowest Local Rates
No need to look any further. We offer the lowest local rates from 7 to 12%.
Set For Success
We only craft loans that will give you the best chance at success.
Loans that work.
We treat every loan individually. By taking an in depth look at each loan application, we’re able to provide honest and straight forward recommendations. Our goal is to set our clients up for success even if that means turning down potential business because it’s not a good fit.
CASE STUDY
AN AMERICAN DREAM REALIZED
Meet Travis—a hard-working construction foreman from Tacoma, Washington.
Travis signed a lease option to purchase a rental property, but due to his poor credit was turned down by the bank for financing. With nowhere to turn, he was ready to walk away from the option and lose thousands of dollars he had put into the rental over a 5-year period.
Travis connected with Toner Capital Group and utilizing a hard money loan, was able to exercise his option on the rental property. In just under 10 months he sold the rental property for a $135,000 net profit.
This was a life changing event for Travis. He was able to secure the profit from this transaction while improving his credit thus allowing him to purchase his dream home and realize the American Dream!
What our clients our saying:
- Joe’s knowledge of the local markets and experience are second to none. He gave us great advice so that we could make an informed, smart decision.
- Joe is our go-to private lender. From the start, Joe took the time to understand the details of our opportunity and helped set us up for even more profit.
Let's talk.
Complete the form for your free initial call. I will be in touch to help answer your questions and discuss options that fit your investment needs.
FREQUENTLY ASKED QUESTIONS
Historically, yes hard money loans are synonymous with real estate purchase, refinancing, and development.
The requirement for a hard money loan will vary depending on the hard money lender you are applying with. The basic requirements will be the address of the subject property, your contact information, proof of funds if you are using cash as collateral, the address of the collateral real estate (if you are using other investment real estate as collateral), a date by which you need the funds and an amount.
There are hard money lenders who will lend 100% of the funds needed to purchase investment real estate. There are also hard money lenders who will loan the purchase amount, rehab costs, closings costs and down payment.
However, in most situations, this will require that the borrower has another property owned “free and clear” to put up as collateral. Therefore, if you don’t own any real estate, a hard money lender will not lend you 100% of the funds needed to purchase investment real estate regardless of how “great” the deal is.
In some situation, you may be able to present your “great deal” to a hard money lender, and they may offer to become equity partners rather than take the lender position. The terms will differ depending on the situation, but this arrangement may allow the borrower to remain involved in the deal with little resources committed.
Hard money loans are facilitated by hard money lenders. A hard money loan is not the same type of loan as a personal loan. To find a hard money loan simply search “hard money lender” and your city. Another effective way to find a hard money lender is to ask your real estate agent or banker for a referral.
Yes, many hard money lenders lend specifically for foreclosure properties. They also provide services to help their borrowers purchase those foreclosures “at auction” which means they will help their borrowers buy a property that has gone through the legal process of foreclosure and is now at the stage of the foreclosure auction. This process varies from state to state so contact your local hard money lender for detailed answers specific to your state.
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