BECOME CAPITAL READY
TNG Letter of Credit — California Real Estate Investors
Arrange your financing and know your buying power BEFORE you find an investment property. Qualified investors receive a TNG Letter of Credit that, in most cases, can be treated the same as cash when making offers.
Why Investors Apply
A TNG Letter of Credit gives you clarity before you shop — and a lending team that already knows your goals when the right deal shows up.
What applicants may receive
Financing preapproval of up to $1 million
A one-on-one Initial Investor Assessment with Craig Hill
An explanation of how capital, credit, and experience affect buying power
Guidance on potentially available TNG loan programs
The TNG Guideline to Help Double-Check Their Offers
Reviews of potential investment properties
Quarterly Capital Ready check-ins
Access to a lending team already familiar with their goals
Proposed qualifications
Minimum credit score of 600
Access to capital through cash, credit lines, or partnerships
Experience considered when determining leverage and financing capacity
First-time investors may qualify based on the deal
Eligible residential investment properties
California-based real estate investments
Business-purpose loans only
No owner-occupied properties
Financing preapproval of up to $1 million
Subject to verification, property review, underwriting, and final approval
Most investors do this backwards
They find a property first, then scramble for financing. Capital-ready investors reverse the order — they know exactly what they can borrow, so they write stronger offers and close faster.
Write offers with confidence
A TNG Letter of Credit tells sellers and agents your financing is real. In most cases it can be treated the same as cash when making offers.
A real conversation, not a form letter
Craig Hill reviews your capital, credit, experience, and strategy personally so you know your actual buying power before you shop.
A guideline for checking deals
Use the TNG offer guideline to sanity-check ARV, repairs, comps, and timelines before you write the offer — not after.
Stay ready year-round
Quarterly check-ins keep your financing information current so you never lose a deal waiting on paperwork.
How the California hard money letter of credit program works
Six steps from application to staying capital ready year-round.
1. Apply for Your TNG Letter of Credit
Start with a short application covering your approximate credit score, available funds, and the kind of deals you want to do. This is the entry point into the program.
2. Meet One-on-One with Craig Hill
Your application includes an Initial Investor Assessment — a direct conversation about your capital, credit, experience, strategy, and realistic financing capacity.
3. Double-Check Your Potential Offers
Craig walks you through the TNG Guideline to Help Double-Check Your Offers: location, neighborhood, repair scope, After-Repair Value, comparable sales, and realistic timelines.
4. Get Verified and Receive Your Letter of Credit
Once TNG verifies the required information, qualified investors receive a TNG Letter of Credit — in most cases treated the same as cash when you write an offer.
5. Submit Potential Properties for Review
When you find a property, come back to TNG for a deal-specific discussion and financing review before you commit.
6. Stay Capital Ready
Quarterly follow-up keeps your file current, surfaces potential deals, and gives you a natural moment to update your financing information.
Inside the Initial Investor Assessment
Applying includes a one-on-one session with Craig Hill. Here is what you will cover together:
Available capital and where it sits (cash, credit lines, maturing CDs, borrowable accounts)
Approximate credit score and borrowing entity — individual, LLC, corporation, or self-directed IRA
Investing experience and the projects you have completed
Your strategy: fix and flip, new construction, or buy and hold
Realistic financing capacity and the purchase price range that fits it
Markets and property types you plan to target
The TNG guideline for double-checking offers
Before you write an offer, run the deal through the same checks Craig uses:
Location and neighborhood quality
Realistic repair scope and budget
After-Repair Value (ARV) supported by the market
Comparable sales that actually match the subject
Realistic timelines for rehab, listing, and resale
Whether the numbers still work if the exit slips
Talk to Craig Hill
Craig has spent decades helping California and Florida investors match financing to strategy. Apply, and he will personally walk you through your capital position, your buying power, and how to double-check the deals you are considering.
Frequently Asked Questions
What is a TNG Letter of Credit?
It is a written confirmation from The Norris Group that you have been reviewed and are qualified for financing up to a stated amount. In most cases it can be treated the same as cash when you make an offer, giving sellers and agents confidence that you can close.
How do I get a Letter of Credit
Complete the short application. That starts an Initial Investor Assessment with Craig Hill covering your capital, credit, experience, and strategy. Once TNG verifies the required information, qualified investors receive their Letter of Credit.
Do I need a property under contract?
No — that is the point. Becoming capital ready before you shop means you know your buying power and can move fast when the right property shows up. If you do already have a property in escrow, say so on the application so your file is routed through the faster process.
What counts as available funds?
Cash on hand, credit lines, maturing CDs, and stock accounts with borrowing power. Small-balance credit cards, IRAs and retirement accounts, or another person's funds do not count unless that person is a co-borrower.
What is the Initial Investor Assessment?
A one-on-one conversation with Craig Hill about your capital, credit, experience, strategy, and potential financing capacity. He also introduces the TNG Guideline to Help Double-Check Your Offers so you can evaluate deals before you write them.
Does the Letter of Credit approve a specific property?
No. It confirms you as a qualified borrower. Each property still goes through a deal-specific review and final approval, which is why we ask you to submit potential properties to Craig before you commit.
What does it cost to apply?
Nothing. The application and the Initial Investor Assessment are free. Loan rates, points, and terms are quoted on the actual deal.
What happens after I receive my Letter of Credit?
You enter the Quarterly Capital Ready workflow. Every quarter we check in to update your financing information, review any deals you are looking at, and keep you ready to act.
Be capital ready before the next deal shows up
The application takes minutes. The assessment gives you a number you can actually offer with.
Business-purpose loans only. Not available for owner-occupied residences.
Rates, points, and terms shown are typical ranges, subject to change and to underwriting approval; they are not an offer or commitment to lend.
4160 Temescal Canyon Rd, Ste 401, Corona, CA 92883 · (951) 780‑5856
NMLS ID 1623669 | California DRE 01219911
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