Frequently Asked Questions (FAQ)
Answers to Your Most Common Questions About TBA Lending
At TBA Lending, we know that real estate investors have unique needs and questions about private lending and hard money loans. That’s why we’ve created this FAQ page—to provide clear, straightforward answers to help you navigate the lending process with ease.
Whether you're wondering about loan approval times, rates, or specific requirements, we’ve got you covered. Explore the questions below to find the information you need, or contact us directly if you’d like to learn more.
How quickly can I get my loan?
TBA Lending is 100% self-funded, so we can typically approve the loan within 24 business hours and complete our due diligence within 24-48 business hours. Depending on the title company, most loans can close within two weeks or less, assuming there are no issues with the title, property or borrower due diligence; sometimes within days.
We understand moving fast is key to real estate investing and we aim to be as efficient as possible.
What documentation do you require?
Very little. Typically, but not limited to, Driver's License, SSN/EIN, Sales Contract and Entity Formation docs (if applicable).
What are TBA Lending’s rates and fees?
We charge a competitive interest rate on the loan. Those rates could range from 8% to 15%.
Additionally, we charge loan origination fees of anywhere between 1% to 4% of the loan amount. These cover our costs to process the application, perform due diligence and make underwriting determinations on your requested loan and property.
The origination fees can be paid upfront in full at the commencement of the loan or can be rolled into the overall loan amount. All of our rates and fees will be clearly disclosed, upon approval, after you submit an application.
The borrower will be required to pay for a title search and should be discussed with your title company directly. There are also other closing costs that the borrower will assume that our external to TBA Lending.
What are the lengths of the loans?
Most deals are typically 6 months to 24 months.
Are there pre-payment penalties?
No.
Do you loan to owner-occupants or primary residences?
No. Private lending/hard money loans are done on investment properties and commercial property purchases.
Where do you lend?
Pennsylvania, Delaware, Maryland and New Jersey.
Do you have suggestions on a title company?
Yes. We prefer to use TS Executive.
How do loan payments occur?
We typically require monthly, interest-only payments until the maturity date; at which time, the principal and any outstanding amounts, including unpaid origination fees, are due in full.
Payments can be made by check, cash, ACH, wire ($20 fee/payment), Venmo (2.5% fee/payment), Cash App (3% fee/payment) or crypto (please inquire). All fees subject to change without notice.
Do you have any special requirements?
Yes. TBA Lending LLC must be in first lien position on the title and you must maintain property insurance naming TBA Lending LLC as mortgagee/lienholder. These are non-negotiable.
Do you have an ideal borrower?
Yes. A real estate investor/entity that is performing a fix and flip, buy/rehab to rent or purchasing a commercial property.
No past experience is necessary. No minimum credit score. No minimum loan amount. Very little documentation is required.
Still have a question?
By understanding the strengths of private lending and traditional loans, you can make smarter choices and maximize your returns in real estate. The right funding is out there—let us help you find it.