Titan Funding

Category: Mortgage lender in Boca Raton, Florida

Address: 2701 NW 2nd Ave Suite 105, Boca Raton, FL 33431, USA

Phone: +18557311600

Opening hours

Sunday: Closed

Monday: 9AM–6PM

Tuesday: 9AM–6PM

Wednesday: 9AM–6PM

Thursday: 9AM–6PM

Friday: 9AM–6PM

Saturday: Closed

Reviews

Abe Segall

Jun 10, 2022

John Mansour, Edward Piazza and the entire Titan Funding team are amazing. They closed my loan quickly, efficiently and transparently. It was an absolute pleasure working with the Titan team; I found them to be very professional and extremely knowledgeable of the industry. Beginning with our initial conversation until closing, I found them to be honest and trustworthy. Everything that was told to us about the process came to fruition exactly as discussed. Thank you for helping us out, and looking forward to process future deals with Titan!!!!!

Carey Hirsch

Jan 30, 2022

I started out as a borrower with Titan funding a few years ago. With such a professional & helpful staff I'm now an investor with them. Eddie and John are both wonderful to work with and very knowledgeable in this industry. Great experience on both sides of the spectrum!

Dave Spector

Jan 29, 2022

Excellent dependable service and communication; strongly recommend to all real estate investors and sponsor/borrowers

Salo Elbaum

Jan 28, 2022

It has been an absolute pleasure to work alongside Titan Funding. From the borrower to the investor, they take extremely good care of their clients. Titan and all it's partner are very responsible and accountable people. I have enjoyed working with Titan as they are the opposite of most lender's in the industry with shady practices.

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Questions & Answers

What sets Titan Funding apart from other private money lenders in the area?

Titan Funding | Jun 22, 2022
Titan Funding | Jun 22, 2022

What sets Titan Funding apart is our commitment to building relationships and providing exceptional customer service. Our company s goal is to exceed our client s portfolio aims and outperform expectations. We can only achieve this goal by taking the time and effort to build a relationship with our clients based on trust, innovative thinking, and effective communication.

What types of loan products does Titan Funding offer?

Titan Funding | Jun 22, 2022
Titan Funding | Jun 22, 2022

Titan Funding offers a full range of private real estate loans, including but not limited to commercial hard money loans, fix and flip loans, rental property loans, multifamily loans, residential bridge loans, and commercial real estate bridge loans.

How often are updates provided on the fund performance?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Financial statements showing funded performance will available each month.

Do Fund Members have the option to reinvest our distributions instead of taking the cash? If so, does that reinvestment extend my lockup period?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Yes, Fund Members can reinvest their monthly distributions without extending the lock-up period.

What is the target average loan amount and average term for loans in the Fund?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

The target loan amount is $1M-$15M, with a 12-month term.

What recourse does a borrower have, if any, in the event of a foreclosure?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Borrowers may file bankruptcy to stall the foreclosure process, but the default interest and late fees continue to accrue until the loan is paid off.

Can I invest if I live in a foreign country?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Yes

Can I invest using my IRA or Self-Directed IRA?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Yes

How long does it take for my capital as an investor to start earning interest?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

New Fund Members’ capital is received into a non-interest-bearing holding account called the subscription account. The capital is admitted into the Fund at the next loan closing, which typically occurs every 1-4 weeks.

Why does the monthly yield fluctuate?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

When origination, extension and exit fees are collected they are fully earned on the day they are received, which increases the yield for any particular month and conversely when a loan is paid off and the capital is not able to be immediately redeployed into another income generating transaction it causes the yield to be reduced.

How often does the fund pay distributions?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Fund members receive an annual 7.5% preferred returned which is paid monthly. In addition, members receive 75% of the funds NOI, which is paid quarterly.

How long has Titan Funding been lending in the hard money loan sector?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Titan Funding has been originating real estate hard money loans since 2014.

What are the benefits of using private hard money loans over traditional bank loans?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

There are many reasons borrowers prefer short-term private financing over traditional bank loans. Some of these include: Closing speed, reliability, less requirements to qualify, and accessibility to our team of brokers.

What’s the general profile of a Titan Funding loan?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Titan Funding loans are secured by first liens on real estate. Loans are typically short-term commercial mortgages ranging from 1 year to 3 years with normal LTV’s ranging from 40% to 70%. The loan process is streamlined to meet the timely capital requirements for borrower’s seeking to take advantage of a bargain.

How does Titan Funding handle the underwriting process?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Titan Funding understands each real estate transaction is unique. We think outside of the box to structure a deal that works for the borrower while meeting their internal fund requirements.

What are Titan Funding’s fees?

Titan Funding | Sep 20, 2021
Titan Funding | Sep 20, 2021

Titan Funding typically charges a 2% origination fee with an interest rate ranging from 10-12%.

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