A Truly Unique Opportunity

Short-term construction lending fund in the Pacific Northwest focused on income and capital preservation

Trueline Capital Fund II is managed to preserve investor capital and generate a high-yield monthly income return.

CHOOSE

a liquidity and return profile that meets your needs

INVEST

in preferred equity or debt in a residential construction debt fund

RECEIVE

a reliable high-yield income: 4-6.5% debt and 9-13% equity

GET STARTED

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Why Invest in Construction Loans?

  • High-yield
    Residential construction loans generate a reliable high-yield income return for investors.
  • Limited Exposure
    Construction loans are short term, 6-9 months, limiting exposure to market cycles and interest rates.
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  • SECURED BY REAL ESTATE
    All loans are secured by a lien on the underlying real property with conservative loan to value ratios.
  • Driven by Long-Term Demographics
    The economic driver of construction loan returns are housing starts. Housing starts are driven by long-term demographics.

Why Invest with Trueline Capital?

Diversification

By investing in a pooled fund, investors receive diversification across builders, submarkets, and regions.

RISK MANAGEMENT

Strict draw management procedures including monthly inspections and sub-contractor lien releases.

Consistent Standards

TRUELINE CAPITAL maintains professional and consistent underwriting standards, this offers enhanced risk management over investing in individual projects.

Consistent Track Record

  • Originating and servicing a portfolio of construction loans requires experience. Trueline Capital’s operating team has a consistent track record across market cycles.
    • 14 years experience in residential real estate construction finance
    • $300 million in construction loan origination; as much as $60 million annually in the ’04-’07 expansion
    • experience managing through market cycles including 2008 downturn, successfully performed on $45 million in debt obligations
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How We Pick Projects

TRUELINE CAPITAL begins underwriting by assessing a homebuilder’s track record. This includes their experience managing projects on time and on budget, and their experience with the proposed product type.
TRUELINE CAPITAL underwrites based on quantitative and qualitative factors including: product relevance in the market, price point, design, lot location, sale-ability, quality of materials.

Strict loan-to-value (LTV) standards are maintained with values being based on a fully built certified appraisal:
LTV maximum for spec: 65%
LTV maximum for custom: 75%

TRUELINE CAPITAL reviews several criteria in the subject property’s sub-market including: standing inventory for sale within subject property’s price point, absorption rate, permit volume, and additional relevant data indicators.