HELLO,
I'M JOE TONER.

Your personal guide and friend in
private & hard money lending.


  • Faster than the bank with the cheapest local rates.
  • Right Choice for purchase investment real estate, fix & flip etc.
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Joe Toner is a private and hard money lender based out of Tacoma. 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.

ABOUT SERVICE

Hard Money Lending Services

Real Estate based Hard money and Private money loans. Which means loans that produce capital for “business purpose” borrowers secured against investment real estate. It is for borrowers who own investment real estate and want to either “pull equity out” by refinancing with a hard money / Private money loan or purchase investment real estate.

Borrowers use hard money loans or private money loans when they have an “opportunity” which require funding and they either can’t qualify with the bank, chose not to work with the bank or their situation does not allow for the bank to be an option. Here is a little more information on each scenario. An “opportunity” is created when the borrower finds a business venture which requires funding this typically, “fix and flipping” “land developing” “new construction” “purchase or refinance of a commercial building”. Once the opportunity is identified the borrower evaluates the needed resources and timeline to successfully close. Often, these opportunities come with a shortened timeline (less than 30 days) to close compared to the traditional timeline (30 - 120+ days) and is the reason for the opportunity in the first place, ie

“the seller is willing to accept less for the property if it closes quickly”.

If the borrower who has found this opportunity does not have the ability to close with bank financing often Hard money or private money is the next best option. Of course the borrower could try to ask friends and family but that is often not desirable. On the other hand the borrower may have the ability to qualify with the bank but chooses not to work with the bank as to avoid the countless hoops you have to jump through to get the bank to understand the details of the opportunity. And in some situation the bank is simply not an option as they move to slowly. In this case hard money and private money can be a great solution as a bridge to secure the property for the borrower and buy them time to get long term financing in place with the bank. Again, all these scenarios are for non-owner occupied borrowers.

We offer loans with terms of 5 months – 2 years with a rate of 12%. Our fee is determined after we talk with you about your specific needs. We will take the time to understand your situation and craft a loan that will give the borrower the best chance at having success. We take an in depth look at each loan application, apply our experience and make a determination.

We provide honest and straight forward recommendations which in some cases means turning down the loan or referring the borrower to another option. The benefit of using us over the other guys is we will not set our clients up for failure, better yet… we only set up clients up for success which means we will turn down potential business if the situation is not determined to have a successful future.

I have helped many.
No outrageous promises.
Here’s how we can help you.

We take an in depth look at each loan application, apply our experience and make a determination. We provide honest and straight forward recommendations which in some cases means turning down the loan or referring the borrower to another option.

The benefit of using us over the other guys is we will not set our clients up for failure, better yet… we only set up clients up for success which means we will turn down potential business if the situation is not determined to have a successful future.

CASE STUDY
THE AMERICAN DREAM REALIZED

Travis is a hard-working guy from Tacoma, Washington. He works 10-hour days as a construction foreman and as he has been told:

“he is a master technician on the Cat 336E Track Hoe”.

Unfortunately, when it comes to managing his finances Travis says he “is not a master technician of his checkbook.” To make matters worse Travis signed a “lease option to purchase” on a rental property and due to his poor credit was turned down by the bank for financing. He was so frustrated with the banks decision! He felt alone with nowhere to turn, he was ready to “walk away” from the option on the rental property and lose $10’s of Thousands of dollars he had put into the rental over a 5-year period.

He was really struggling until he discovered the power of hard and private money. Travis connected with Joe Toner and from that day forward Travis took control of his financial future. Utilizing a hard money loan Travis was able to exercise his option on the rental property and in just under 10 months later he sold the rental property for a $135,000 NET profit.

For Travis this was a life changing event, 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!

See How It’s Worked For Others

  • We have worked with joe many times, he is the best in the business! You will not find a better person to help you with your hard money loan.

     

    Joe’s knowledge of the local markets and experience are second to none. He was very responsive to our texts and phone calls, he answered even our toughest questions with great professionalism and honestly.

     

    He gave us great advice so that we could make an informed decision. He funded our loan ahead of scheduled and at the fee we were initially quoted. We would not hesitate to utilize joe’s expertise again in the future. It would be hard to find someone else who could accomplish what he has done with such favorable outcomes. It has been an absolute pleasure working with him.
    John David
      John David
  • With one call we knew we had our private money source, Joe is our private lender for life! From the start, Joe took the time to understand the details of our opportunity and presented a few solutions we could chose from.

     

    We came to him with a really opportunity and just needed some help with how to make the deal come together. He was able to not only help us with the financing but help set us up for even more profit. We consider Joe much more than just a private lender, he is our “go-to” guy when it comes to making money in real estate.

     

    We highly recommend Joe if you are looking for a true guide who loves to create solutions.
    Adrian Wilson
      Adrian Wilson
  • We have worked with joe many times, he is the best in the business! You will not find a better person to help you with your hard money loan.

     

    Joe’s knowledge of the local markets and experience are second to none. He was very responsive to our texts and phone calls, he answered even our toughest questions with great professionalism and honestly.

     

    He gave us great advice so that we could make an informed decision. He funded our loan ahead of scheduled and at the fee we were initially quoted. We would not hesitate to utilize joe’s expertise again in the future. It would be hard to find someone else who could accomplish what he has done with such favorable outcomes. It has been an absolute pleasure working with him.
    John David
      John David

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FREQUENTLY ASKED QUESTIONS

Are hard money loans only for real estate? +

Historically, yes hard money loans are synonymous with real estate purchase, refinancing, and development.

What is necessary to apply for hard money loan? +

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.

Up to how much can I borrow from a hard money lender? +

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.

Who can I ask for a hard money loan, and how do I find them? +

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.

Do hard money lenders lend money to buy a foreclosed property or not? +

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.