Trust Mortgage

What Trust Mortgage does

Trust Mortgage Company (dba Trust Lender) is a privately held, Needham, Massachusetts-based mortgage banking firm founded in 1988 that originates FHA-insured loans for specialized commercial real estate assets, principally multifamily properties, assisted living facilities, nursing homes, and hospitals. The firm arranges 100% FHA-insured financing on terms that are unusual for commercial real estate, including 35-40 year self-amortizing fixed rates, no balloon payments, non-recourse structures, and loan-to-cost ratios up to 90%, with the insured loans sold loan-by-loan as GNMA securities by AAA-rated lender partners. Its core products include FHA multifamily loans (new construction, acquisition, substantial rehabilitation, refinance), FHA healthcare facility financing (with a specialized HUD Section 202 non-profit refinance product), non-FHA commercial real estate loans across multiple property types, and a smaller Commercial Real Estate Advance product offering $50K-$2M cash-flow-based financing. Revenue is generated through transaction-based loan origination fees and broker/correspondent placement fees, with a nationwide broker affiliate program and direct origination from headquarters as the two primary go-to-market channels.

Name

Trust Mortgage

Legal name

Trust Mortgage Company

Website

https://trustlender.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Trust Mortgage is a privately held, Needham, MA-based mortgage banking firm arranging FHA-insured loans for multifamily, assisted living, nursing home, and hospital properties nationwide, supplemented by non-FHA commercial real estate lending and a broker affiliate program.

Ownership category

akta.pro rank

Product category

Commercial Mortgage Lending

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310), Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE)

akta.pro secondary industries

Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH), Debt & Structured Finance / Mortgage Brokerage (BPAJABAK), Commercial/Non-Residential Construction-to-Perm Financing (FSALAHAE)

Keywords

• FHA-insured multifamily loans
• Healthcare facility financing
• Commercial real estate lending
• Mortgage banking services
• Loan origination services

Headquarters

HQ city

Needham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Loan Origination Fees: Trust Mortgage arranges FHA-insured loans for multifamily and healthcare facilities. The company earns fees from loan origination and placement on FHA loans. Correspondent brokers earn in excess of one point based on finance and placement fees.
2. Broker/Correspondent Fees: Commercial mortgage brokers and correspondents earn fees on FHA loan transactions, with fees paid within one day of closing. The company serves as trusted advisers leading borrowers through the financing process.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Trust Mortgage arranges FHA-insured loans for multifamily properties (apartments) and healthcare facilities (assisted living, nursing homes, hospitals), plus non-FHA commercial real estate loans covering office, retail, industrial, self-storage, mixed-use, single-tenant, condos, and scattered single-family properties. The company also offers a Commercial Real Estate Advance (cash flow-based financing from $50K to $2M) and a Broker Affiliate Program for commercial mortgage correspondents. Loan terms include 35-40 year fixed/amortizing periods, up to 90% loan-to-cost or 87% loan-to-value, with non-recourse and assumable features.

Product overview

Trust Mortgage is a mortgage banking firm offering a portfolio of FHA-insured and non-FHA commercial real estate loan products. The core offerings include Commercial Real Estate Advance (cash flow-based financing without equity loss), Multifamily Loans (FHA-insured for new construction, acquisition, rehabilitation, and refinance), Healthcare Facility Financing (FHA-insured for assisted living, nursing homes, and hospitals), and Non-FHA Commercial Real Estate Loans (covering multifamily, office, retail, industrial, and self-storage). Additionally, the company operates a Broker Affiliate Program that supports commercial mortgage brokers with fee-based correspondent services. The products range from short-term advances ($50K-$2M, 1-5 years) to long-term permanent financing (35-40 year fixed terms) with loan-to-cost ratios up to 90%.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Advance Cash flow based financing that allows real estate investors to leverage their rental portfolio to raise capital without giving up equity. Provides advances from $50K to $2M with 1-5 year terms and 7-day close. Designed for experienced real estate investors with cash-flowing assets needing capital for property acquisition, working capital, renovations, or refinancing high-cost debt.
• Multifamily Loans FHA-insured loans for multifamily properties covering new construction (87% LTC, 10% developer fee), acquisition (87% LTV), substantial rehabilitation (interest-only construction converting to 40-year permanent), and refinance (87% LTV, 80% with cash out). Rates as of May 2026: 5.00-5.25% for new construction/substantial rehabilitation and 4.75-5.00% for acquisition/refinance. 35-40 year fixed terms with no balloon payments.
• Healthcare Facility Financing FHA-insured loans for healthcare properties including assisted living facilities, nursing homes, and hospitals. Offers new construction loans (up to 90% LTC, 40-year term), substantial rehabilitation (5.00-5.25%), acquisition (80% LTV, 35-year term, 4.75-5.00%), refinance (4.75-5.00%), and a HUD 202 Non-Profit refinance program (4.70-5.25%). Construction interest is financeable and loans are assumable.
• Non-FHA Commercial Real Estate Loans Non-FHA insured commercial real estate loans covering multifamily, office, retail, industrial, self-storage, mixed-use, single-tenant properties, condos, and scattered single-family portfolios. Rates range from 4.87-7.50% with transaction costs from $2,500 to $7,500 for processing fees plus third-party expenses.
• Broker Affiliate Program Commercial mortgage broker services program where correspondents earn in excess of one point on finance and placement fees for FHA loans, paid within one day of closing. Includes 2-year borrower relationship protection from last submission, training materials, free mailing/cold call lists, and template marketing materials for partners.

Quantifiable outcome

• 87% Loan-to-Cost for multifamily new construction with 10% developer fee allowed
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Dwight Capital: Mortgage banking firm originating FHA-insured loans for multifamily, senior living, and healthcare facilities. Comparable in FHA program focus, deal size profile, and target borrower segments.
• Capital Funding Group: Healthcare-focused FHA/HUD mortgage banking firm specializing in skilled nursing, assisted living, and hospital financing. Highly comparable niche overlap with Trust Mortgage's healthcare facility lending product line.
• Lument: Commercial real estate investment, management, and finance firm with a dedicated FHA/HUD multifamily and healthcare lending business. Directly comparable origination platform serving similar borrowers and capital markets investors.
• Hunt Mortgage Group: Commercial real estate finance company providing FHA, Fannie Mae, and Freddie Mac financing for multifamily, affordable, and healthcare properties. Closely matches Trust Mortgage's FHA-driven loan origination model and property type focus.
• Walker & Dunlop: Large-scale commercial real estate finance company with a leading FHA multifamily and healthcare lending platform. Directly comparable business model of originating FHA-insured loans and placing them with capital markets investors, but at materially greater scale and with a public balance sheet.
• Greystone: National commercial real estate finance and advisory firm with deep FHA multifamily and seniors housing/healthcare origination capabilities. Closely comparable in product mix (FHA-insured new construction, acquisition, refinance) and target customers.

Broad incumbents

• Newmark Group: Full-service commercial real estate advisory and capital markets firm with multifamily and healthcare debt origination capabilities. Adjacent in customer base and product offering but with broader investment sales and advisory services.
• JLL Real Estate Capital Markets: Global commercial real estate services firm offering a broad mortgage banking, debt placement, and capital markets platform including FHA multifamily origination. Competes in the same product category but as part of a much wider services portfolio.
• Berkadia: Joint venture of Berkshire Hathaway providing commercial mortgage origination, servicing, and investment sales with a strong multifamily and seniors housing pipeline. Overlaps with Trust Mortgage's core products but operates at far larger scale across many property types.

Emerging players

• Love Funding: HUD/FHA-focused mortgage banking firm with concentration in affordable multifamily, healthcare, and senior living financing. Comparable niche focus on FHA-insured loans for similar property types, though typically smaller in scale than Trust Mortgage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trust Mortgage