Borrowers
What we consider, and what we do not
TCL evaluates potential business-purpose financing involving eligible non-owner-occupied real estate located in California. The criteria below are general and may change. They are not an offer, approval, rate quote, or commitment to lend.
Financing Criteria
Baseline parameters
| Criterion | General description |
|---|---|
| Geography | California collateral only |
| Purpose | Business or investment purpose only |
| Occupancy | Non-owner-occupied only |
| Property type | Residential and multifamily, including construction projects |
| Lien position | Junior positions considered, subject to title and combined leverage |
| Combined leverage | Determined through underwriting on a transaction-specific basis |
| Recourse | Transaction-specific |
| Interest and fees | Transaction-specific and subject to applicable law |
| Closing timeline | No guaranteed timeline; depends on diligence and documentation |
Loan amounts, terms, leverage limits, pricing, and closing timelines are determined on a transaction-specific basis through underwriting and definitive documentation. TCL does not publish indicative ranges that may not be available for a particular transaction.
Transaction Types
Financing we evaluate
Renderings shown are projects associated with affiliate Thornton Development Group, presented solely to illustrate relevant property types. They were not financed by Thornton Capital Lending and do not represent TCL transactions.
Subordinate Positions Considered
Junior-Lien Financing
Potential financing behind existing senior debt, secured as provided in executed definitive documents. Any transaction is evaluated against the combined loan-to-value of senior liens plus the proposed position, together with title, collateral value, and the credibility of the proposed repayment strategy.
- Junior positions considered on a transaction-specific basis
- Evaluated on combined leverage, not the proposed position alone
- Lien priority, subordination, and title reviewed in diligence
Residential & Multifamily
Construction and Completion Capital
Potential business-purpose financing for eligible residential and multifamily construction projects. Consideration depends on plans, permits, budgets, draw controls, inspections, borrower experience, and available capital.
- Plans, permits, and budgets reviewed before any terms are discussed
- Draw controls and inspection requirements are transaction-specific
- Non-owner-occupied, business-purpose only
Completed or Stabilized Assets
Investment-Property Financing
Potential financing involving completed or stabilized non-owner-occupied residential and multifamily properties held for investment, rehabilitation, rental, or resale.
- Residential and multifamily investment property
- Acquisition, rehabilitation, or refinance scenarios considered
- Not available for owner-occupied primary residences
Not Eligible
Transactions we do not consider
- Owner-occupied primary residences
- Personal, family, or household-purpose loans
- Properties outside California
- Transactions lacking a documented repayment strategy
- Requests involving inaccurate, incomplete, or unverifiable information
- Any transaction TCL is not legally authorized or willing to undertake
Think your transaction fits?
Submission does not constitute approval or a commitment to lend.