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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

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Family

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

75.00%

Residential Long-Term Rental

Minimum Loan Amount

$75,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

5%

Maximum Interest Rate

8%

Minimum Origination Fee

1.00%

Maximum Origination Fee

3.00%

Minimum Loan Term

60 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

75.00%

Maximum Loan-To-Purchase

85.00%

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Rentals

No

Minimum Property Value

$100,000

Maximum Property Value

$5,000,000

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

3

Works 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

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Trust
  • Corporation

Documentation Required

  • Credit Report
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

640

Appraisal Required for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Fees

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 92627

Primary 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

License Information
CA DRE Broker License - 01453467
NMLS ID - 24860

David Orloff

CFO

License Information
CA DRE Broker License - 01206213
NMLS ID - 114997

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
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At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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