The Loan Company of San Diego, a California Limited Partnership was founded in 1974 by Steven B. Dillaway, an Attorney, CPA, and Real Estate Broker.

The mission of the Partnership is to underwrite, fund, and service a portfolio of real estate secured loans suitable for investors who are seeking a reasonable return with moderate risk and acceptable liquidity.

The Partnership business model is simple. Qualified investors purchase an interest in the Partnership and become Limited Partners. Partnership capital is pooled and used to sustain a portfolio of trust deeds (i.e., loans secured by real property). These loans generate interest and other related proceeds, which are pooled and distributed to Limited Partners based on their proportionate share of Partnership capital.

Effective November 15, 2023, the Partnership is managed by a single General Partner and a President. The President is Michelle McGuire Richardson. The General Partner is Corporate GP, a California Corporation. The individuals who make up the General Partner and their families are significant investors in the Partnership, giving them a vested interest in the Partnership’s success and longevity.

Over 50 years we have made more than 2,000 loans. We currently manage a loan portfolio of approximately $225M.

Our Investors

Investors in the Partnership are generally of two types:

The investor who wants to diversify his/her investment portfolio, balancing it among stocks, bonds, real estate, and fixed income.
The retired individual whose goal is to maximize retirement income with an acceptable risk.

You must be an accredited investor to invest in The Loan Company. Please see Questions Investors Should Ask and carefully consider whether we meet your long-term goals.

Interested investors may contact Michelle McGuire Richardson at (619) 293-7770 x204 or mkmrichardson@theloancompany.com

Individuals

IRAs

Pension Plans

Trusts

Corporations

LLCs

Core Investment Values

For over 50 years, The Partnership’s approach has proven successful, yielding consistent results regardless of economic cycles. Through our offerings, our capital has consistently grown and our investors have enjoyed a healthy rate of return. The Loan Company’s historical returns will be provided to qualified investors upon request. Please understand that historical returns are not a guarantee of future returns.

Questions Investors Should Ask

I have been investing with The Loan Company for many years, and no other investment comes anywhere near the consistent growth that you have provided me. It is such a pleasure watching my savings grow so quickly and knowing that the interest will continue to grow fast enough for me to live on it without touching the principal. No other investment offers me that long-term security.
Thanks so much!

Cheri C., June 12, 2018

I have been a partner since 1990 when The Loan Company was more commonly known as Phar Way II. I initially dealt with Steve Dillaway and Laurie Dunlop who have always been strong stewards of the partnership and very responsive. The Loan Company has grown considerably over the years, especially more recently with John Lloyd’s leadership. As a result, more people have joined the supportive ranks. I have invested as two additional entities so now I have three limited partnership investments, the support staff has always been great. I have referred many new partners to The Loan Company and have never heard a complaint, so you are doing it right! The Loan Company continues to provide excellent client service. I especially want to thank Elizebeth, Shannon and Brett for my recent investment which had a deadline and was easily met. Keep up the good work. My sincere thanks.

Dan McCue, April 27, 2018

I have been investing my hard earned money for the past 45 years. Some investments have been good and some have not been so good. But none of those investments has been as consistent and positive as my investments in TLC over the past 6 1/2 years. I only wish that I had found TLC earlier. But better late than never. Great company, great people, great consistent returns.

Bob Fondiller
(happy and satisfied TLC partner since 2010)

I just wanted to tell you how much I appreciate The Loan Company’s integrity. In a world where so many firms are out to get something, The Loan Company is clearly out to give something. And what you give is unmatched in the industry. I sleep very well knowing that you and your staff are watching over my assets.

Jacob Liberman, OD, PhD., January 13, 2016

I want to tell you how happy I am with the integrity and transparency of the fund. I’ve been trying to find another similar fund to the SD Loan Co in other regions with the aim of diversifying beyond San Diego and none of them so far have policies like yours that always favor the partners. There always seems to be a catch or conflict of interest. I’m glad I found you!

Eric Franz, April 21, 2013

First, I want to congratulate you on navigating the financial crisis with grace, as well as making people some good money.

Sameer Desai, May 10, 2011

Thanks again, and congrats on being the private lender with the most stable portfolio in the business.

Mark McLaren, July 8, 2009

As I mentioned to Steve and to others on numerous occasions, I have the highest regard for the integrity, skills and judgment of The Loan Company team.

Dennis Wells, February 26, 2009

We are glad you are positioned to handle this economy and market. Therefore, we have confidence to leave our money in The Loan Company.

Vicki Reams, February 23, 2009

Please know that I have only the highest regard for the skills and judgment of The Loan Company team.

Noralee J. Wells, February 19, 2009