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Fast Funding for Residential Property Investors
Bridge | Fix & Flip | Rehab & Hold | Long-Term Rental
Founded in 2004, American Heritage Lending, Inc. focuses solely on hard money financing for residential real estate investors. We offer short and long term loans for a property purchase, refinance, buy to rent, fix & flip and long-term rental. We are a direct lender and have the flexibility to expedite your loan process, with excellent service.
Property Geographic Area Details
Nationwide except ID, MN, NV, ND, SD, VT
Loan Amounts
$100,000 to $5,000,000
Interest Rates
8% to 12%
Max Loan-To-Value
75.00%
Max Loan-To-Cost
85.00%
Origination Fees
1% to 3%
Loan Terms
12 months to 360 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Invest in a Business
- Business Working Capital
- Value Add Project
- Development Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Owner Occupied Commercial
Property Types and Loan Types
Collateral Types
- Residential Property
Property Types
- 2-4 Units Residential
- Condominium
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Long-Term Rental
Specialty Loan Types
- Primary Residence Bridge
- Primary Residence Business Purpose Cash Out
- Residential Non-Prime
Purchase Loan
Max Loan-To-Purchase Price
80.00%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Family
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100.00%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
3Maximum After Repair Value
75.00%Residential Long-Term Rental
Minimum Loan Amount
$75,000Maximum Loan Amount
$3,000,000Minimum Interest Rate
5%Maximum Interest Rate
8%Minimum Origination Fee
1.00%Maximum Origination Fee
3.00%Minimum Loan Term
60 monthsMaximum Loan Term
360 monthsMaximum Loan-To-Value
75.00%Maximum Loan-To-Purchase
85.00%Minimum Debt Service Coverage Ratio
1.00Will Lend on a Portfolio of Rentals
NoMinimum Property Value
$100,000Maximum Property Value
$5,000,000Details and Requirements
Typical Closing Time (Days)
5Fastest Closing Time (Days)
3Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
- Interest Reserve
- No Monthly Payments Required
Pre Payment Penalty
yes
Only applies to long-term rental loans which have a 2-year minimum.Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Trust
- Corporation
Documentation Required
- Credit Report
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
640Appraisal Required for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
SometimesFees
Underwriting Fee
$995.00 to $995.00
Processing Fee
Inspection Fee
Legal Disclaimer
NMLS ID 93735, Florida: MLD94, Maryland: 18412, Washington: MB-93735, Oregon: ML-4808, Arizona: BK-0912684, CA DRE Broker Lic. 1844643, Pursuant to California Financing Law License Number 603G668, Colorado: 100024134, Virginia: MC-5775, FHA Lender ID: 2789700001
Over $1 Billion in Loans Funded
American Heritage Lending, Inc. has been lending for over 10 years. We have experience in all facets of real estate lending. We understand the complexities of serving this niche market. We are all encompassing with direct involvement from loan submission to funding. We bring a simple, unparalleled, common-sense approach to underwriting lands; making American Heritage Lending, Inc. the only sensible choice. We’ve We have strong relationships in the market and a cohesive management team. We understand that we are only as good as our last loan.
Our Licenses:
- California DRE Broker License 1844643
- California Financing Law License 603G668
- NMLS ID 93735
- Florida MLD94
- Maryland 18412
- Washington MB-93735
- Oregon ML-4808
- Arizona BK-0912684
- Colorado 100024134
- Virginia MC-5775
- FHA Lender ID 2789700001
License
CA DRE Lic. 01844643, NMLS ID 93735
Company Size (Number of Employees)
8
Year Established
2008
Office Locations
485 E 17th Street, Suite 220, Costa Mesa, California 92627Primary Capital Source
- Own Funds
- Bank Credit Line
- Hedge Funds
Alternative Capital Sources
- Individual Investors
Loan Structure for Majority of Loans
- Own Balance Sheet
- Table Funding with Bank
Alternative Loan Structures
- Own Balance Sheet
Percentage of company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Residential Mortgage Banking
Percentage of Loans Secured by Commercial Property
5%
Percentage of Loans Secured by Residential Property
95%
Percentage of Residential Property Loans Which are Fix and Flip
80%
Percentage of Residential Property Loans Which are Buy and Hold
10%
Percentage of Residential Property Loans Which are Owner-Occupied
5%
Percentage of Residential Property Loans Which are Ground-Up Construction
10%
Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)
25%
Total Number of Loans Funded to Date
1000
Total Loan Volume Funded to Date
$1,000,000,000
2017 Number of Loans Funded
300
2017 Loan Volume Funded
$185,000,000
2018 Number of Loans Funded
200
2018 Loan Volume Funded
$210,000,000
2019 Number of Loans Funded
198
2019 Loan Volume Funded
$87,000,000

Justin Smith
CEO
CA DRE Broker License - 01453467
NMLS ID - 24860

David Orloff
CFO
CA DRE Broker License - 01206213
NMLS ID - 114997
Our Minimum Loan Amount Is
$100,000
What We Do
- Residential & Multifamily Properties
- Bridge, Rehab, Flip, Long-Term Rental
- Lending to Experienced Investors
- Up to 85% LTC for Fix & Flip Projects
- 15%+ Cash Required for Flip Purchase
Not Available
- NO Owner-Occupied Homes
- NO 100% Financing
- NO 2nd's or Gap Funding
- NO Land Loans
- NO Ground-Up Construction
Loan Request
Our Minimum Loan Amount Is
$100,000
What We Do
- Residential & Multifamily Properties
- Bridge, Rehab, Flip, Long-Term Rental
- Lending to Experienced Investors
- Up to 85% LTC for Fix & Flip Projects
- 15%+ Cash Required for Flip Purchase
Not Available
- NO Owner-Occupied Homes
- NO 100% Financing
- NO 2nd's or Gap Funding
- NO Land Loans
- NO Ground-Up Construction